NFT Whale Sells Over $1M Worth of MAYC Collectibles

    An anonymous NFT collector recently sold a collection of 43 Mutant Ape Yacht Club (MAYC) NFTs for over $1 million. The transaction was completed through a series of bulk transfers within an hour, with NFT Whale Alert reporting on the development. The anonymous seller divested themselves of all 43 MAYC NFTs, realizing a cumulative value of 513 ethereum (ETH) tokens, estimated to be worth over $1.02 million.

    The whale address in question seems to be a seasoned NFT collector, having recently acquired various collectibles such as Moonbirds, Meebits, mfers, and Bored Ape Kennel Club NFTs in the past few hours. The address has accumulated 108 collectibles thus far, according to Etherscan data.

    Although the NFT market recorded a sales volume of $179.9 million within the past week, representing a 12% increase compared to the preceding week, the NFT market’s overall sales volume has decreased significantly since its peak in January. The current value for April stands at $412.8 million.

    The digital art market’s recent surge in sales has substantially increased the overall trade volume of NFTs in the crypto market. The increase in sales volume could be attributed to new developments such as the inclusion of NFTs in popular online games and social media platforms. However, it remains to be seen whether this trend will continue or not.

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