Earlier today, a whale identified only as “0xC88” spewed dozens of Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, and Beanz NFTs into Blur.
Ballena NFT sells NFT collections on the Blur marketplace
According to data OpenSea NFT Market Reports, the incumbent sold 71 Bored Ape Yacht Club (BAYC), 11 Mutant Ape Yacht Club (MAYC), 7 Azuki and Beanz NFTs. The sale stirred up the community, with many speculating on the possible reasons behind the sudden sale.
There are only 9 MAYC NFTs left in the wallet address, indicating that the whale might want to deplete its NFT holding. The whale address has been linked to Rektguy creator Mando, who confirmed that he still owns many Yuga assets and has paid all associated royalties.
Mando said the entity decided to take advantage of NFT’s current liquidity to make some profit from the sale of the BAYC and MAYC holdings. A large number of the NFTs sold seem have been bought by an NFT enthusiast using Twitter handle @machibigbrother.
According to Mando, one should be able to seize the opportunity to obtain liquidity when it is abundant and readily available and use it during periods of scarcity.
