The wallet address of Machi Big Brother, a well-known NFT investor in the encryption community, sold NFT on the Blur market within 48 hours.
Nansen researcher Andrew T confirmed that Machi Big Brother dumped 1,010 NFTs of various types and collected 11,680 ETH, worth about $18.6 million. A large number of these NFTs belong to expensive collectibles such as Bored Ape Yacht Club (BAYC), Azuki, and Otherdeeds.
Totals for last 48 hours:
– 1,010 NFTs sold for 11680 ETH
– Bought 991 NFTs with 9833 ETH
– +1847 net ETH
at the same time,
– BAYC floors down 12% (75 to 66)
– MAYC base price down 9% (16.5 to 14.7)
One man’s quest for airdrops is disrupting some markets https://t.co/HhkVD6xS5y
— Andrew T (@Blockanalia) February 25, 2023
However, Brother Sparrow spent 9833 ETH to buy 911 NFT and did not make much money.
According to analyst punk9059, the BAYC that Machi just sold was bought back 3 days ago, and there are more than 100 NFTs of this type in his wallet after the sale.
A sharp drop in NFT prices also has the potential to liquidate NFTs mortgaged on BendDAO, creating more selling pressure in the market.
The reason for the Machi Big Brother trading strategy could be to prepare for Blur’s BLUR Season 2 airdrop.
- BLUR price drops 30% after Blur creator goes public
- Blur Announces Requirements for Season 2 Airdrops