{"id":18365,"date":"2023-02-25T08:18:50","date_gmt":"2023-02-25T08:18:50","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/02\/25\/largest-nft-dump-ever-nft-market-to-crash\/"},"modified":"2023-02-25T08:18:50","modified_gmt":"2023-02-25T08:18:50","slug":"largest-nft-dump-ever-nft-market-to-crash","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/02\/25\/largest-nft-dump-ever-nft-market-to-crash\/","title":{"rendered":"Largest NFT Dump Ever; NFT Market To Crash?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/largest-nft-dump-ever-nft-market-to-crash\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p><strong>NFT News:<\/strong> Considering that the <a href=\"https:\/\/coingape.com\/tag\/blur\/\" target=\"_blank\" rel=\"noopener\">Blur<\/a> market will quickly obtain a second airdrop. Andrew Thurman of Nansen hypothesized that this vital NFT dump might be an try to get hold of extra BLUR token rewards whereas additionally making some cash.<\/p>\n<p>Nansen knowledge present that Jeffrey Hwang, also referred to as Machi Big Brother, is a <a href=\"https:\/\/coingape.com\/glossary\/nft-non-fungible-token\/\" target=\"_blank\" rel=\"noopener\">non-fungible token<\/a> (NFT) whale. In simply 48 hours, he offered 1,010 tokens for 11,680 ETH, or $18.6 million.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<h2><b>The largest NFT dump ever<\/b><\/h2>\n<p>In a Feb. 25 Twitter thread, Nansen\u2019s Simian Psychometric Enhancement Technician Andrew Thurman emphasised the earlier two days\u2019 buying and selling exercise, claiming it was \u201clikely the largest NFT dump ever.\u201d Making it one of many greatest NFT News.<\/p>\n<p>The foremost promoting occasion featured, amongst others, 90 NFTs from the <a href=\"https:\/\/coingape.com\/blog\/9-amazing-facts-about-bored-ape-yatch-club-nfts-that-you-didnt-know\/\" target=\"_blank\" rel=\"noopener\">Bored Ape Yacht Club<\/a> (BAYC), 191 NFTs from the Mutant Ape Yacht Club (MAYC), and 308 NFTs from Otherdeed.<\/p>\n<p>\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">In what&#8217;s doubtless the biggest NFT dump ever, previously 48 hours Machi has offered 1,010 NFTs, together with:<br \/>\u2013 90 BAYC for 5707 ETH <br \/>\u2013 191 MAYC for 3091 ETH<br \/>\u2013 112 Azuki for 1644 ETH<br \/>\u2013 308 Otherdeed for 582 ETH<\/p>\n<p>But he is not registering a lot revenue for these collections. Why? <a href=\"https:\/\/t.co\/4NyMF3gzuy\">pic.twitter.com\/4NyMF3gzuy<\/a><\/p>\n<p>\u2014 Andrew T (@Blockanalia) <a href=\"https:\/\/twitter.com\/Blockanalia\/status\/1629238583297990658?ref_src=twsrc%5Etfw\">February 24, 2023<\/a><\/p>\n<\/blockquote>\n<p>Thurman speculated that Machi Big Brother (Machi) might have been attempting to e-book some earnings whereas additionally participating in \u201cone big wash trade to generate huge Blur Airdrop profits\u201d when he swiftly bought again 991 NFTs after the dump.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>According to experiences, Machi is among the many greatest recipients of the BLUR token airdrop from burgeoning<a href=\"https:\/\/coingape.com\/blog\/best-nft-marketplaces-where-to-create-and-sell-nfts-in-2022\/\" target=\"_blank\" rel=\"noopener\"> NFT Marketplace<\/a> Blur. However, he just lately ousted OpenSea from the highest spot when it comes to the buying and selling quantity.<\/p>\n<h3><b>Machi had obtained 1.8 million BLUR Tokens<\/b><\/h3>\n<p>The undertaking started dispersing its first spherical of airdrops to the group on February 14. The amount of airdropped tokens diversified relying on the person\u2019s degree of platform engagement and NFT buying and selling exercise on <a href=\"https:\/\/coingape.com\/price\/ethereum\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>.<\/p>\n<p>According to <a href=\"https:\/\/coingape.com\/glossary\/blockchain\/\" target=\"_blank\" rel=\"noopener\">blockchain<\/a> analytics firm Arkham Intel, Machi obtained 1.8 million BLUR tokens on February 17. Also, he cashed all of them out for $1.3 million.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>Machi could be trying to enhance his NFT buying and selling exercise. It is completed with the intention to achieve some extra BLUR tokens within the upcoming spherical. Also, different whales could be pondering the identical factor.<\/p>\n<h3><b>BLUR Token Price<\/b><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-140449\" alt=\"BLUR\" width=\"1161\" height=\"500\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/02\/25124927\/BLUR_1D_graph_coinmarketcap2.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-140449\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/02\/25124927\/BLUR_1D_graph_coinmarketcap2.jpg\" alt=\"BLUR\" width=\"1161\" height=\"500\"\/><\/noscript><\/p>\n<p>Blur\u2019s value on the time of writing is $0.8227. However, with a market capitalization of $ 322 million and a 24-hour buying and selling quantity up by 81%. Now it stands at $ 412 million. At the identical time, the circulating provide is roughly 391,004,422 BLUR as per the crypto market tracker CoinMarketCap.<\/p>\n<p>Also Read: <a href=\"https:\/\/coingape.com\/blur-nft-marketplace-announces-to-remove-third-party-flags\/\" target=\"_blank\" rel=\"noopener\">Blur NFT Marketplace Announces To Remove Third-Party Flags<\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA140443\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<div class=\"authodes\">\n<p>Sachin is a author and journalist with over three years of working expertise with completely different main media homes. He is a fintech fanatic who primarily experiences on Web 3, NFT, and Metaverse. When he isn&#8217;t working, you could find him studying thrillers and watching world cinema. Contact him at <a href=\"https:\/\/coingape.com\/cdn-cgi\/l\/email-protection\" class=\"__cf_email__\" data-cfemail=\"6c1f0d0f0405022c0f0305020b0d1c09420f030142\">[email\u00a0protected]<\/a>                         <\/p><\/div>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/76ac161323b16c6efe9d3d5d0a860361?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/76ac161323b16c6efe9d3d5d0a860361?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/76ac161323b16c6efe9d3d5d0a860361?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/76ac161323b16c6efe9d3d5d0a860361?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD140443\">\n<p>  The offered content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any duty to your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/largest-nft-dump-ever-nft-market-to-crash\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] NFT News: Considering that the Blur market will quickly obtain a second airdrop. Andrew Thurman of Nansen hypothesized that this vital NFT dump might be an try to get hold of extra BLUR token rewards whereas additionally making some cash. Nansen knowledge present that Jeffrey Hwang, also referred to as Machi Big Brother, is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[5],"tags":[167,820,427,41,85],"class_list":["post-18365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft","tag-crash","tag-dump","tag-largest","tag-market","tag-nft","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=18365"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18365\/revisions"}],"predecessor-version":[{"id":18366,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18365\/revisions\/18366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/18367"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=18365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=18365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=18365"}],"curies":[{"name":"wp","href":"https:\/\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