#Whales bought Milady NFTs, only to cut their losses.#

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Overview

Recently, a whale followed Ethereum founder Vitalik Buterin's lead and purchased 14 Milady NFTs, spending 94.46 ETH (approximately $312,000). However, this whale sold these NFTs for 69.08 ETH (approximately $231,000) within 30 minutes, resulting in a loss of 25.38 ETH (approximately $80,900). This incident has drawn attention to Milady NFTs and reflects the high volatility and risky nature of follow-the-trend investments in 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, the whale sold these NFTs for 69.08 ETH (approximately $231,000) within 30 minutes, resulting in a loss of 25.38 ETH (approximately $80,900). This event has raised questions about the sustainability of the hype surrounding Milady NFTs. Previously, Vitalik Buterin changed his Twitter profile picture to a Milady NFT, attracting market attention to the project. However, the whale's follow-up purchase and quick sell-off suggest that the market enthusiasm for Milady NFTs may be short-lived, with significant price volatility and high risk.

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Whale followed Vitalik's lead and bought Milady NFTs, but ultimately cut losses.

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Whale following behavior may be risky, and investors need to be cautious.

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The price of Milady NFTs fluctuates greatly, posing investment risks.

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Vitalik's influence may lead to short-term fluctuations in NFT prices.

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