#Whale losses, cutting losses#
Hot Topic Overview
Overview
Recently, a whale followed Ethereum founder Vitalik Buterin's lead and purchased 14 Milady NFTs for 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 incident reflects the high volatility of the NFT market and the high risks associated with following trends in investment. Investors need to be cautious.
Ace Hot Topic Analysis
Analysis
Recently, a whale purchased 14 Milady NFTs for 94.46 ETH (approximately $312,000) after Vitalik Buterin changed his Twitter profile picture to a Milady NFT. However, within 30 minutes, the whale sold these NFTs for 69.08 ETH (approximately $231,000), incurring a loss of 25.38 ETH (approximately $80,900). This event has raised concerns about the risks of "following the herd" investing. The whale's "follow-the-herd" behavior may have been influenced by Vitalik Buterin, who believed that Milady NFTs would appreciate in value with Vitalik's endorsement. However, the reality is that the price of Milady NFTs did not rise as expected, but instead declined, leading to the whale's loss. This demonstrates that blindly following the crowd in investing, without conducting thorough market research and risk assessment, can lead to significant losses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale follows Vitalik to buy Milady NFT, but eventually loses money and cuts losses.
Following the trend may lead to investment decision errors, resulting in economic losses.
Vitalik has a huge influence, and his actions may trigger market fluctuations.
The NFT market is highly volatile, and investment should be made with caution.