Franklin Whale Deletes Twitter After Dumping BAYC Due To Gambling And Losing

Key Points:

Franklin Whale deleted Twitter account after he sold off the BAYC mass.
Before deleting the account, he said he had lost his investment and advised people not to gamble.
Sell at least 27 NFT BAYC to raise 1439 ETH (equivalent to 2.8 million USD), causing the price of NFT to drop to 55.59 ETH (equal to 111,000 USD).

On April 19, Franklin, a well-known holder of BAYC, deleted his Twitter account after it was confirmed to have sold most of the NFT BAYC, causing the price to plummet.

According to on-chain data, Franklin sold a large amount of BAYC on April 13. This whale sold at least 27 NFT BAYC in 12 hours, raising 1439 ETH (equivalent to $2.8 million). This causes the floor price of the Bored Ape Yacht Club (BAYC) collection to drop to 55.59 ETH (equal to 111,000 USD), the lowest level in the past 5 months. The majority of Franklin’s NFTs are sold through Blur, the leading NFT exchange on Ethereum.

Source: Cryptowatch

Franklink said the decision came from an “unlucky” problem in his life, which led to him having to liquidate NFTs in bulk.

“Gm. Due to an unfortunate IRL issue, I have had to sell off a lot of BAYC apes to pay off BendDAO loans while the liquidity was available. I won’t get involved in NFT trading/twitter for a while, and will just focus on my private life for the time being with my remaining apes.”

Before deleting his account, he tweeted before explaining that he had been scammed of nearly 2,000 ETH in his previous investment and lost 650 ETH in his Rollbit project investment. Franklin recommends that people do not gamble and do not deposit any unsecured ETH.

This is not the first case of gambling losses. Earlier this year, the founder of NFT Goobers admitted to being a gambler. Not only did he lose all his assets, but the investors’ money too.

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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