#Whales bought Milady NFTs, but lost money.#

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Overview

Recently, a whale followed Ethereum founder Vitalik Buterin's lead and purchased 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 drawn attention to Milady NFTs and reflects the risks of hype-driven trading 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 hype and value of Milady NFTs, and it also reflects the risks of chasing the hype in the NFT market. After buying Milady NFTs, Vitalik Buterin changed his Twitter profile picture to one of them, a move considered to have fueled the hype surrounding Milady NFTs and attracted numerous investors to follow suit. However, the whale's quick sell-off suggests that the value of Milady NFTs may be inflated, and investors should be cautious. This incident also reminds investors to stay rational when investing in NFTs, to avoid blindly following the crowd, and to take steps to manage risk.

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