Moonbirds NFTs: Big Sales But Even Bigger Losses For One Whale Investor

Key Points:

• Ethereum address has suffered significant losses by liquidating almost 500 Moonbirds NFTs in batches.
• Over the past 24 hours, the floor price has decreased by more than 27%. This is a significant change, considering Moonbirds is generally regarded as a “blue-chip” NFT collection.

In the last 24 hours, a single Ethereum address has suffered significant losses by liquidating almost 500 Moonbirds NFTs in batches.

The transactions took place on the NFT marketplace Blur and resulted in losses ranging from 9% to 33%. Notably, 200 Moonbirds were sold for a loss greater than 32%, leading to a total loss of more than 700 ether. According to NFTTrack, the address in question no longer holds any NFTs, and its ether balance is now below 0.001 ETH ($1.21).

The decline in the floor price of Moonbirds is another indicator of the extent of the losses. Over the past 24 hours, the floor price has decreased by more than 27%. This is a significant change, considering Moonbirds is generally regarded as a “blue-chip” NFT collection.

Moonbirds gained attention in April 2022, just one week after its launch when one of its NFTs sold for 350 ether. At that time, the value was about $1 million, which was a remarkable achievement. However, the recent liquidation indicates that the market conditions have changed, and not everyone has been able to profit from their investments.

The crypto market is notorious for its volatility, and NFTs are not immune to these fluctuations. While some collections continue to thrive and fetch high prices, others may experience significant losses. The recent Moonbirds liquidation is a reminder of the risks involved in investing in NFTs and the need for careful consideration and analysis before making any investment decisions.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

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