NFT whale makes history with a big sale – Cryptopolitan

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In what might be a record-break­ing sale in the NFT sec­tor, an NFT whale has dumped more than 1,000 unique tokens on the mar­ket in the short­est time pos­si­ble. Accord­ing to the report’s details, the whale sold a total of $18 mil­lion worth of tokens over two days. In a thread made by an NFT ana­lyst, he brand­ed the sale the biggest dump he has wit­nessed since the sale of NFT tokens became mainstream.

The NFT whale dumped $18 million worth of NFTs

Accord­ing to the detailed report, the NFT whale part­ed with some high-fly­ing dig­i­tal arts, includ­ing BAYC, Oth­erdeed, and MAYC NFTs. In addi­tion, the list con­sists of oth­er NFTs that have yet to grow in pop­u­lar­i­ty com­pared to those pre­vi­ous­ly men­tioned. How­ev­er, the report clar­i­fied that the NFT whale bought about 900 NFTs imme­di­ate­ly after the sales. 

The ana­lyst not­ed that the indi­vid­ual might be look­ing to cash in on his prof­its while buy­ing a huge NFT to be eli­gi­ble for air­drops in the com­ing days. He added that the whole process might be a per­fect way for the NFT whale to manip­u­late the mar­ket. The indi­vid­ual was award­ed many air­dropped tokens from the high-fly­ing plat­form Upstart. The plat­form is present­ly mak­ing a case for hold­ing on to the top spot after dis­plac­ing Opensea.

Upstart to airdrop more BLUR tokens

Upstart announced that it start­ed send­ing users air­drop tokens on its plat­form on Feb­ru­ary 14. Accord­ing to the firm, the num­ber of tokens users get will depend on their par­tic­i­pa­tion and engage­ment with the web­site. Accord­ing to an on-chain analy­sis web­site, the NFT whale was gift­ed 1.8 mil­lion units of the air­dropped BLUR token, which he sold for over $1 mil­lion. With this move, the next round could see the whale award­ed more BLUR tokens due to this activity. 

In addi­tion, the analy­sis web­site men­tioned that oth­er whales might be look­ing to toll his path as they would also be in line to receive a major reward. Most of the top NFTs the whale dropped have not per­formed well in the mar­ket. MAYC has dropped the high­est, record­ing a 9.2% drop, with BAYC drop­ping 7.7% to place third on the list. The BLUR token has also been hit by some bear­ish waves, see­ing a decline of 17.7% in the last sev­en days. BLUR is set to air­drop more than $300 mil­lion worth of tokens in a new air­drop that will take place soon.



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