#Whale Follows Vitalik, Cuts Losses#

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Overview

Recently, a whale followed Ethereum founder Vitalik Buterin's lead and purchased 14 Milady NFTs, spending 94.46 ETH (about $312,000). However, this whale sold these NFTs within 30 minutes for 69.08 ETH (about $231,000), resulting in a loss of 25.38 ETH (about $80,900). Prior to this, Vitalik Buterin changed his Twitter profile picture to a Milady NFT, which sparked market interest.

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Analysis

Recently, a whale followed in the footsteps of Ethereum founder Vitalik Buterin, spending 94.46 ETH (approximately $312,000) to purchase 14 Milady NFTs. However, the whale sold these NFTs within 30 minutes for 69.08 ETH (approximately $231,000), resulting in a loss of 25.38 ETH (approximately $80,900). Previously, Vitalik Buterin changed his Twitter profile picture to a Milady NFT, sparking market attention and causing the NFT price to surge. But the whale's quick sell-off after buying in indicates that market enthusiasm for Milady NFTs may be waning. It also reflects the significant risks present in the NFT market, and investors need to be cautious with their investments.

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Whale followed Vitalik's lead and bought Milady NFT, but ended up cutting losses.

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Vitalik's influence is enormous, and he can drive market sentiment.

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The NFT market is highly volatile, and following the trend to invest carries high risks.

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Whale's trading behavior may lead to sharp fluctuations in the market in the short term.

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