Huang Licheng Sells 1010 NFTs within 48 hours, Ranking as One of the Biggest NFT Sell-Offs in History

02/25/2023 06:08 • Metaverse Matters • 86 views

On February 25, according to Nansen’s data, NFT tycoon Huang Licheng sold 1010 NFTs within 48 hours, and received 11680 ETH (about US $18.6 million) in total. Andrew Thurman, an analyst at Nansen, highlighted the trading activities in the past two days and pointed out that this may be the largest NFT sell-off in history. The main selling activities include 90 BAYC NFTs (5707 ETH), 191 MAYC NFTs (3091 ETH), 112 Azuki NFTs (1644 ETH) and 308 Otherded NFTs (582 ETH).

Nansen analyst: Huang Licheng sold more than 1000 NFTs in two days, or the largest NFT sale in history

Analysis based on this information:

The rise of non-fungible tokens (NFTs) has brought about a revolution in the art world, transforming how we perceive and trade art, collectibles, and other digital assets. NFTs are unique digital assets that operate on blockchain technology, enabling proof of ownership, scarcity, and authenticity, which are key elements of art and collectibles. Recently, a new announcement has been circulating in the art world, where on February 25, quoted data from Nansen reveals that Huang Licheng, an NFT tycoon, sold 1010 NFTs within 48 hours and received a total of 11680 Ether (ETH), which equates to approximately $18.6 million.

The data was analyzed by Andrew Thurman, an analyst at Nansen, who stated that this sell-off may be the biggest NFT sell-off in history. The selling activities involved 90 Bored Ape Yacht Club NFTs (BAYC), which equates to 5707 ETH, 191 Mutant Ape Yacht Club NFTs (MAYC), which equates to 3091 ETH, 112 Azuki NFTs, which equates to 1644 ETH and 308 Otherded NFTs, which equates to 582 ETH. Huang Licheng has made a name for himself in the NFT world, with news of his interest in NFTs circulating last year after he acquired a SupDuck NFT for a record-breaking $600,000.

This news of the sell-off highlights the potential of NFTs as a valuable investment opportunity. The NFT market has shown significant growth since its inception, with NFTs selling for millions in auctions, and more significant players such as Christie’s and Sotheby’s entering the market. One of the most significant advantages of NFTs is their ability to provide proof of ownership; this security is particularly vital as the art world has been plagued with problems relating to fake art and stolen pieces.

In conclusion, Huang Licheng’s sell-off of 1010 NFTs has garnered significant attention and could be one of the most significant NFT sell-offs in history, a true indication of the potential of NFTs as a valuable investment opportunity. The NFT market is set to continue growing, with more significant players entering the market; however, it will be interesting to see whether the market will continue to grow despite the uncertainties of the global economic climate.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/02/25/huang-licheng-sells-1010-nfts-within-48-hours-ranking-as-one-of-the-biggest-nft-sell-offs-in-history/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.