Machi Big Brother Dumps 1,010 NFTs: A Game-Changing Move in the NFT Market

The NFT Tsunami: Machi Big Brother’s Bold Move

In a stunning turn of events, NFT whale Jeffrey Hwang, affectionately dubbed Machi Big Brother, has made headlines by dumping a jaw-dropping 1,010 NFTs in just 48 hours. This fire sale brought in an astounding 11,680 Ether, equivalent to roughly $18.6 million. Hold on to your wallets, folks; this may be the largest NFT dump we’ve ever seen!

What’s on the Block?

Machi’s recent sales included some big names in the NFT universe:

90 Bored Ape Yacht Club (BAYC) NFTs for 5,707 ETH
191 Mutant Ape Yacht Club (MAYC) NFTs for 3,091 ETH
112 Azuki NFTs for 1,644 ETH
308 Otherdeed NFTs for 582 ETH

It’s like Machi opened a clearance sale on the Blockchain!

Strategic Moves or Market Manipulation?

But wait, there’s more! Machi apparently isn’t just cleaning house; shortly after his massive sell-off, he swooped back and bought 991 NFTs. Some experts, including Andrew Thurman—a self-proclaimed simian psychometric enhancement technician—suggest this could be a clever ploy to maximize profits and position himself for the next airdrop of Blur tokens. Or simply put: a spicy game of wash trading.

Blur Airdrop & Its Implications

Machi’s airdrop strategy appears to be bearing fruit as he is considered one of the primary airdrop beneficiaries from the NFT trading platform Blur. His involvement has the potential to rake in hefty profits as a future airdrop announced an available $300 million in tokens, although the specifics of distribution based on user engagement have left many guessing.

A Rippling Effect on NFT Market Prices

As Machi undertakes his NFT re-acquisitions, other collectors are watching with bated breath. Those top-tier collections such as BAYC and MAYC have already seen their floor prices drop significantly—7.77%, 9.2%, and 8.16% respectively in a mere 24 hours following his initial sell-off. Could it be that one man’s quest for airdrop glory is leaving a trail of wreckage in the NFT sphere?