NFT whale Jeffrey Hwang, also known as Machi Big Brother, sold 1,010 NFTs within 48 hours. The NFTs were exchanged for 11,680 Ether (ETH), worth around $18.6 million at the time of the sale. Some NFTs sold were from prominent NFT collections like Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC) and Otherdeed NFTs. In a Twitter thread, Andrew Thurman, from on-chain analytics firm Nansen, pointed out that the move could be the "largest NFT dump ever." Following the dump, Hwang bought back 991 of the NFTs, leading Thurman to believe that it was a "big wash trade" to generate profits from the Blur airdrop.
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