#Whale loses money and cuts losses following the trend.#

Recently, a whale followed Ethereum founder Vitalik Buterin’s lead 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 concerns about hype-driven speculation in the NFT market and reflects the extreme volatility and high risk associated with NFT prices. While Vitalik Buterin's purchase spurred a short-term price increase for Milady NFTs, it doesn't guarantee their long-term value. Blindly chasing the hype can lead to losses for those who follow suit. This incident also serves as a reminder for investors to be cautious and rational when investing in NFTs, avoiding blind following and recognizing the market risks.