#Whales Buy Milady NFTs, Dump at a Loss#

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Overview

Recently, a whale followed Ethereum founder Vitalik Buterin's lead and bought 14 Milady NFTs, spending 94.46 ETH (about $312,000). However, the whale sold these NFTs for 69.08 ETH (about $231,000) within 30 minutes, resulting in a loss of 25.38 ETH (about $80,900). This incident has raised questions about the hype and value of Milady NFTs, and serves as a reminder for investors to be cautious when following the herd and avoid blindly chasing rallies and selling off.

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Analysis

Recently, a whale followed Ethereum founder Vitalik Buterin and purchased 14 Milady NFTs, spending 94.46 ETH (approximately $312,000). However, the whale sold these NFTs for 69.08 ETH (approximately $231,000) within 30 minutes, resulting in a loss of 25.38 ETH (approximately $80,900). Previously, Vitalik Buterin changed his Twitter account avatar to a Milady NFT, attracting market attention and causing the price of Milady NFTs to surge. However, the whale's follow-the-trend operation ultimately ended in a loss, reflecting the high risk and volatility of the NFT market. Investors need to invest cautiously and avoid blind following.

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Classic Views

Follow the trend and buy Milady NFT is risky, whales loss cut proves it.

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Vitalik Buterin's influence is huge, his behavior may lead to market fluctuations in the short term.

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The price of Milady NFT fluctuates greatly, investors should be cautious.

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NFT market exists speculative behavior, investors need to make rational judgments.

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