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

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Overview

Recently, a whale followed Vitalik Buterin's lead by changing his Twitter profile picture to a Milady NFT and bought 14 Milady NFTs for 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 incident has raised questions about the sustainability of Milady NFT's popularity and serves as a reminder for investors to be cautious when following trends.

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Analysis

Recently, a whale followed Ethereum founder Vitalik Buterin and purchased 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 incident has raised questions about the hype and value of Milady NFTs. Previously, Vitalik Buterin changed his Twitter avatar to a Milady NFT, attracting market attention and driving up the price of Milady NFTs. However, the whale's follow-up purchase and quick selling behavior suggests that market enthusiasm for Milady NFTs may be fading, and their value may be inflated.

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Classic Views

Whale followed Vitalik's purchase of Milady NFT, but ultimately cut losses.

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Milady NFT price fluctuates greatly and carries risks.

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Following the trend in investment carries risks, be cautious.

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Vitalik's purchase may have triggered short-term market hype.

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