This whale sells 500 Moonbirds NFTs on BLUR and takes huge losses

Over the past weekend, an Ethereum whale address sold a whopping 500 NFTs of the Moonbirds collection. However, data shows that the whale ended up losing anywhere between 9% and 33%.

The Ethereum whale sold 500 Moonbirds NFTs in different batches. Data shows that a batch of 200 Moonbirds NFTs sold for a loss of more than 32%. According to NFTTrack, all the transactions took place on the NFT marketplace Blur, and the total loss amount is 700 Ether or more.

Now the whale address in question no longer has any NFTs since the Ether balance has dropped below 0.001 ETH ($1.21). Immediately after the sale, the floor price of Moonbird’s NFT fell by a staggering 27% in the last 24 hours. Popular cryptanalyst Colin Wu reported:

“The Moonbirds NFT whale address (address: 0xb8…551a) started liquidating Moonbirds NFT on Blur. It has liquidated 500 Moonbirds and lost about 719.49 ETH. In the last 24 hours, the trading volume of Monnbirds exceeded 5500 ETH and the bottom price fell 23.86% to 4.66 ETH.”

However, some enthusiasts and traders celebrated the sale of the whale, adding that the drop in the floor price gave them an opportunity to get their hands on Moonbird’s non-fungible tokens.

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I used the dip and bought myself the coolest owl I could find @månefugler #MoonbirdsNFT #moonbirds pic.twitter.com/HdNiBMkDFb

— MoChiko.eth (@MoChiko_eth) March 11, 2023

Moonbird’s NFTs and Blur Marketplace

Moonbirds are now among the “blue-chip” NFT collection and made headlines last year when a single Moonbirds NFT sold for a staggering 350 Ether worth $1 million. The launch of Moonbird’s NFTs created a huge craze among users with $292 million worth of sales just two days after launch.

It is a collection of 10,000 Ethereum-based NFTs that feature unique owl avatars with rare features such as mohawks, eye patches, and burning eyes. The underlying organization behind the launch of Moonbird’s non-fungible tokens is PROOF. Since then, Moonbirds has also engaged in timely fundraising.

NFT Marketplace Blur also came into being last year and raised more than $11 million in its first few days. Blur NFT Marketplace also rose to fame in a very short time and emerged as the best marketplace leaving behind the likes of OpenSea.

Last month, the Blur NFT marketplace launched its native token BLUR through an airdrop. This token will allow users to participate in the governance of the Blur marketplace.

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