#Whales are buying into Milady NFTs.#

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Overview

Recently, a whale bought 14 Milady NFTs for 94.46 ETH ($312,000) after Vitalik Buterin changed his Twitter profile picture to a Milady NFT. However, they sold them for 69.08 ETH ($231,000) within 30 minutes, resulting in a loss of 25.38 ETH ($80,900). This incident is considered a whale following Vitalik's lead to buy Milady NFTs, but ultimately ended in a loss.

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Analysis

Recently, Ethereum founder Vitalik Buterin changed his Twitter profile picture to a Milady NFT, which attracted market attention and drove up the price of Milady NFTs. A whale, after Vitalik changed his profile picture, spent 94.46 ETH (about $312,000) to buy 14 Milady NFTs, attempting to follow Vitalik's lead. However, this 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 shows that although Vitalik's move has sparked market enthusiasm, the price of Milady NFTs fluctuates significantly, and following the trend involves risks. Investors should be cautious.

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