#Whales bought Milady NFTs on hype, then sold at a loss.#

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Overview

Recently, a whale followed Ethereum founder Vitalik Buterin's lead 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 had changed his Twitter profile picture to a Milady NFT, drawing attention to the market and causing the NFT's price to surge. But the whale's follow-the-trend move ultimately ended in a loss, reflecting the high risk inherent in the NFT market.

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Analysis

Recently, a whale followed Ethereum founder Vitalik Buterin's lead 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). This event has raised questions about the hype and value of Milady NFTs. Previously, Vitalik Buterin changed his Twitter avatar to a Milady NFT, which drew market attention and drove up the price of Milady NFTs. However, the whale's follow-up purchase and quick sale indicate that the price of Milady NFTs may be a bubble, and their value may not be sustainable. This event also serves as a reminder for investors to be cautious when investing in NFTs, avoid blindly following the crowd, and rationally analyze the value and risks of projects.

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Whale follows Vitalik's lead and buys Milady NFT, but ultimately sells at a loss

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Milady NFT's price fluctuates significantly, posing a high investment risk

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Following the trend in investment carries risks, careful judgment of market conditions is necessary

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Vitalik's influence is enormous, his actions can have a significant impact on the market

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