A Moonbirds whale sold 500 of its NFTs for losses.
With the NFTs sold by the whale, there was a serious price drop in Moonbirds. It is thought that the whale sold these NFTs to avoid further declines.
Sale of 500 Pieces of Moonbirds Whale
In the last 24 hours, an Ethereum address has liquidated about 500 Moonbirds NFTs for significant losses.
The address, which sells in lots, lost between 9 percent and 33 percent. In the 200 Moonbirds NFT of these sales, losses were in the 32 percent band. All transactions took place on the NFT marketplace Blur, according to NFTTrack. It was calculated that a total loss of more than 700 Ethereum was made in these sales.
The address in question no longer holds any NFTs and its Ethereum balance is below 0.001 ETH, or $1.21.
On the other hand, the base price of Moonbirds has dropped more than 27 percent in the last 24 hours.
Often regarded as a “blue-chip” NFT collection, Moonbirds garnered attention last April when, within a week of its launch, one was sold for 350 Ethereum, which was worth about $1 million at the time.
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