#Whales bought Milady NFTs and then dumped them at a loss.#

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Overview

Recently, a whale followed in the footsteps of Ethereum founder Vitalik Buterin, purchasing 14 Milady NFTs for 94.46 ETH (approximately $312,000). However, within 30 minutes, the whale sold these NFTs for 69.08 ETH (approximately $231,000), incurring a loss of 25.38 ETH (approximately $80,900). Vitalik Buterin's act of changing his Twitter avatar to a Milady NFT sparked market interest in the NFT, but the whale's follow-the-trend move ultimately ended in a loss, highlighting the significant risks present within the NFT market.

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Analysis

Recently, a whale followed Ethereum founder Vitalik Buterin's lead and bought 14 Milady NFTs, spending 94.46 ETH (approximately $312,000). However, this whale sold these NFTs within 30 minutes for 69.08 ETH (approximately $231,000), resulting in a loss of 25.38 ETH (approximately $80,900). This incident has raised questions about the popularity and value of Milady NFTs. Previously, Vitalik Buterin changed his Twitter profile picture to a Milady NFT, sparking market discussion and driving up the price of Milady NFTs. However, this whale's follow-the-trend operation ultimately ended in a loss, reminding people that blindly following the trend in investment carries enormous risks and requires prudence and rationality.

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Whale followed Vitalik's lead to buy Milady NFT, but eventually cut losses.

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Milady NFT's price fluctuates greatly, posing risks.

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Following the trend of investment is risky, be cautious.

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Vitalik's influence is enormous, his actions may trigger market fluctuations.

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