1. SipPop GamesHome
  2. Metaverse Matters

Moonbirds NFT Whale Address Liquidates 500 Tokens, Incurs Huge Losses as Floor Price Plummets

• Metaverse Matters • 134 views

On March 12, according to Blur\’s market data, the Moonbirds NFT whale address (0xb8… 551a) began clearing its Moonbirds NFT holdings at Blur at about 6 p.m. o

Moonbirds NFT Whale Address Liquidates 500 Tokens, Incurs Huge Losses as Floor Price Plummets

On March 12, according to Blur’s market data, the Moonbirds NFT whale address (0xb8… 551a) began clearing its Moonbirds NFT holdings at Blur at about 6 p.m. on March 11, with a total clearing of about 500 Moonbirds and a loss of about 719.49ETH. In the past 24 hours, the trading volume of Monnbirds exceeded 5500ETH, and the floor price fell 23.86% to 4.66ETH.

A Moonbirds giant whale cleared 500 Moonbirds in nearly 24 hours, losing 719.49ETH

Analysis based on this information:


On March 12, Blur’s market data revealed that the Moonbirds NFT whale address, 0xb8…551a, liquidated its holdings of about 500 Moonbirds NFT tokens, resulting in massive losses amounting to approximately 719.49 ETH. This action was initiated on March 11 at 6 p.m. Since then, the trading volume for these tokens has surpassed 5500 ETH, which indicates a considerable selling pressure. Consequently, the floor price for Moonbirds NFTs plunged 23.86%, dipping to 4.66 ETH.

The message implies that the Moonbirds NFT token market has undergone some turbulence over the past few days, and it may bear a bearish trend at the moment given the negative outlook of the information conveyed. The whale address holder could be an influential player in the NFT market, suggesting that the token’s credibility and popularity may be in question due to such actions.

Furthermore, the message highlights the importance of market data and how it can be utilized to track token holdings and movements. Traders who use the data will be able to make informed trading decisions and identify potential buying or selling pressure for specific tokens. This information can then help them make sound decisions about selling or buying tokens to maximize profits in a volatile market.

The keywords shed light on the significance of NFTs in the crypto world, especially with their growing popularity in recent times. The NFT market attracts significant trading volumes and attention, and it is essential to keep a close eye on the market trends to mitigate potential risks and losses that arise. Moonbirds NFT represents a prime example of how sudden action by key players in the industry can result in significant changes, such as a dip in token value.

In conclusion, the Moonbirds NFT market’s current status is uncertain, following the liquidation of token holdings by a whale address holder that incurred huge losses. The trading volume has soared, and the floor price has plummeted, further cementing a bearish sentiment. Traders need to monitor market data closely to make informed decisions in a volatile market environment.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/6591.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/12/2023 09:37
Next 03/12/2023 10:29

Related recommendations