Mason Versluis1.5 Million+ Creator, Founder, Investor

NFT's ARE OVER!?!? HUGE DUMP!

Name: NFT's ARE OVER!?!? HUGE DUMP!
Uploaded: 2023-03-02T19:30:59+00:00
Duration: 56 s
Channel: Mason Versluis
Description: In this commentary, the speaker highlights an unprecedented NFT sell‑off attributed to the address “Machi,” who off‑loaded 1,010 NFTs within 48…

2 Mar 2023 · 1 min

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In this commentary, the speaker highlights an unprecedented NFT sell‑off attributed to the address “Machi,” who off‑loaded 1,010 NFTs within 48 hours—including 90 Bored Apes, 191 Mutant Apes, 112 Azukis, and 308 Otherdeeds. Two primary speculative motives are discussed: (1) a partial profit‑taking combined with a large wash‑trade to capture lucrative Blur airdrop rewards, and (2) deliberate market manipulation intended to create fear and panic in the Bored Ape ecosystem so Machi can repurchase at lower prices. Despite the scale of the dump, the speaker maintains a long‑term bullish outlook on NFTs overall and expresses particular enthusiasm for NFTs on the Hedera (HBAR) and XRP blockchains.

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This could be the largest NFT dump of all time, and it's happening right now. A total of 1,010 NFTs, including 90 Bored Apes, 191 Mutant Apes, 112 Azukis, and 308 Otherdeeds, have been dumped by Machi. And this has all happened within 48 hours. Most people are speculating that this could be two things. Either this is a partial dump and he's getting some profits, and it's also a big wash trade to generate huge Blur airdrop profits. Blur is the new competing marketplace against OpenSea that's getting a lot of traction. Second option is he is just creating market manipulation by selling and trying to create fear and panic in the Bored Ape ecosystem so that he can buy back in. No matter what, I am bullish on NFTs over the long term. I do not care that somebody is dumping this much right now. I'm big on HBAR and XRP NFTs.