27/02/2023 Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’

Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’

According to data from Nansen, nonfungible token (NFT) whale Jeffrey Hwang — known colloquially as Machi Big Brother — dumped 1,010 tokens for 11,680 Ether (ETH) or $18.6 million, in the space of 48 hours.

In a Feb. 25 Twitter thread, Nansen’s simian psychometric enhancement technician, Andrew Thurman, highlighted the trading activity over the previous two days and noted that it’s “likely the largest NFT dump ever.”

The major selling event included 90Bored Ape Yacht Club(BAYC) NFTs, 191 Mutant Ape Yacht Club (MAYC) NFTs and 308 Otherdeed NFTs, to name a few.

However, Machi Big Brother promptly bought back 991 NFTs, with Thurman theorizing it could be a play to either book some profits while also conducting “one big wash trade to generate huge Blur airdrop profits” or a “pretty naked market manipulation. ”

Machi is reportedly one of the biggest receivers of the Blur (BLUR) token airdrop fromupstart NFT marketplaceBlur, which recentlyousted OpenSea from being the top-rankedNFT platform in trading volume.

On Feb. 14, the project started dishing out its first round of airdrops to the community, with the amount of airdropped tokens depending on the user’s level of platform engagement and Ethereum-based NFT trading activity.

On Feb. 17, blockchain analytics platform Arkham Intel indicated that Machi had received 1.8 million BLUR, cashing it out for $1.3 million.

As such, Machi could score some fresh BLUR tokens in the next round by ramping up NFT trading activity, while other whales may belookingto do the same.

Looking at the floor prices of top collections that Machi initially dumped, BAYC, MAYC and Otherdeed NFTs have seen their prices drop 7.77%, 9.2% and 8.16% in the past 24 hours,accordingto data from NFT Price Floor.

“One man’s quest for an airdrop is wrecking some markets,” Thurman noted in a subsequent post.

At the time of writing, BLUR’s price is $0.79, declining 17.7% in the past seven days, according to CoinGecko.

On Feb. 22, the Blur teamtweetedthat the project will soon airdrop $300 million of tokens in its second round.

Arts

https://cointelegraph.com/news/whale-sells-1-010-nfts-in-48-hours-in-largest-nft-dump-ever/amp

Interesting NFTs
Do Nothing (new variant) #7/15
Sometimes
Source Code for the WWW
OWNER: Sir Tim Berners-Lee Sir Tim Berners-Lee, b. 1955 Source Code for the WWW 1990-1991 Work includes: Original archive of dated and time-stamped files containing the source code, written between 3 October 1990 and 24 August 1991. These files contain code with approximately 9,555 lines, the contents of which include implementations of the three languages and protocols invented by Sir Tim; HTML (Hypertext Markup Language); HTTP (Hyper Transfer Protocol); and URIs (Uniform Resource Identifiers), as well as the original HTML documents that instructed early web users on how to use the application Animated visualization of the code being written (Video, black & white, silent), lasting 30 minutes 25 seconds A Scalable Vector Graphics (SVG) representation of the full code (A0 841mm wide by 1189 mm high), created by Sir Tim from the original files using Python, with a graphic representation of his physical signature at lower right A letter written in the README.md file (in “markdown” format) by Sir Tim in June of 2021, reflecting upon the code and his process of creating it Non-fungible Token ERC-721 Minted on June 15, 2021, ed. 1/1 Smart Contract Address: 0x86ade256037d80d6d42df8df96d5be21cd25bd8f
#52211
By OthersideDeployer
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
Swift Gen 3 Googly Sphynx
Hey cutie! I'm Swift Gen 3 Googly Sphynx. I enjoy eating until I loathe myself, riding dirty, and watching Stranger Things. It wasn't heavily publicized, but I once had a brief relationship with Puss in Boots. In time you'll learn how purrfect I am.