#Whale bought Milady NFTs and sold them at a loss.#

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Overview

Recently, a whale followed in the footsteps of Ethereum founder Vitalik Buterin, purchasing 14 Milady NFTs for 94.46 ETH (approximately $312,000). However, this 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 has raised questions about the hype and value of Milady NFTs, and serves as a reminder for investors to be cautious when following trends and avoid blindly chasing rallies and selling at a loss.

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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, just 30 minutes later, the whale sold these NFTs for 69.08 ETH (approximately $231,000), incurring a loss of 25.38 ETH (approximately $80,900). This incident is considered a typical case of a whale following Vitalik's lead in buying Milady NFTs, only to end up selling at a loss due to a price drop. The incident has also raised concerns about the volatility and hype-driven nature of the NFT market, reminding investors to be cautious and rational when investing in NFTs, avoiding blind following.

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Whale followed Vitalik to buy Milady NFT, but eventually sold at a loss.

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Whale following behavior may be risky, invest cautiously.

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The price of Milady NFT fluctuates greatly, there may be bubble risk.

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Vitalik's influence is huge, his actions may trigger market following.

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