#Whales Dump Milady NFTs After Buying the Dip#

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Overview

Recently, a whale followed Ethereum founder Vitalik Buterin and purchased 14 Milady NFTs for 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 raised questions about the sustainability of Milady NFTs' popularity and serves as a reminder for investors to be cautious when following trends and avoid blind following to prevent losses.

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Analysis

Recently, a whale followed in the footsteps of Ethereum founder Vitalik Buterin, buying 14 Milady NFTs for 94.46 ETH (about $312,000). However, this whale sold these NFTs for 69.08 ETH (about $231,000) within 30 minutes, resulting in a loss of 25.38 ETH (about $80,900). Previously, Vitalik Buterin changed his Twitter account avatar to a Milady NFT, attracting market attention and causing the NFT project's price to soar. But the whale's follow-the-trend operation ultimately ended in a loss, reflecting the high risk and volatility of the NFT market. Investors need to invest cautiously and avoid blindly following the trend.

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Following the purchase of Milady NFTs carries risks, as whale losses and selling prove.

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Vitalik Buterin's purchase may have triggered hype, causing a short-term price increase.

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The price of Milady NFTs fluctuates significantly, investors need to be cautious.

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The NFT market is in a bubble, follow-the-trend investment needs to be cautious.

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