#Whales Dump Milady NFTs After Buying the Dip#

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Overview

Recently, a whale followed in the footsteps of Ethereum founder Vitalik Buterin, purchasing 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). Previously, Vitalik Buterin changed his Twitter profile picture to a Milady NFT, attracting market attention and causing the NFT's price to surge. But the whale's quick sell-off after buying into the hype suggests that the market enthusiasm for Milady NFTs may be waning.

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Analysis

Recently, a whale purchased 14 Milady NFTs for 94.46 ETH (approximately $312,000) after Vitalik Buterin changed his Twitter profile picture to a Milady NFT. However, they 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 sparked discussions about the hype and value of Milady NFTs. Some believe that the whale's bandwagon behavior has caused a price bubble for Milady NFTs, while others argue that Vitalik Buterin's endorsement has brought new attention to Milady NFTs and could potentially drive their future growth. Currently, the price of Milady NFTs has retreated, but their future trajectory remains uncertain.

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Classic Views

Following the trend to buy Milady NFTs is risky, as the whales' losses from cutting their positions prove this point.

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Vitalik Buterin's purchase may have led to hype, but ultimately the market performance was not ideal.

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The price of Milady NFTs fluctuates greatly, and investors need to invest cautiously.

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The NFT market is a bubble, and following the trend to invest can easily lead to losses.

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