NFT Whale Franklin sold 27 BAYCs and made a profit of 2073ETH

On April 13th, NFT Whale Franklin announced that due to an unfortunate issue in real life, many BAYCs had to be sold to repay BendDAO’s loan; And will temporarily not be involved in NFT trading and Twitter, focusing on personal life.

NFT Whale Franklin sold 27 BAYCs and made a profit of 2073ETH

I. Introduction
II. Who is NFT Whale Franklin?
III. What is BAYC?
IV. What is BendDAO?
V. What happened on April 13th?
VI. The Effects of Franklin’s Announcement
VII. The Future of BAYC and NFT Trading
VIII. Conclusion
IX. FAQs
# Article:
**On April 13th, NFT Whale Franklin announced that due to an unfortunate issue in real life, many BAYCs had to be sold to repay BendDAO’s loan; And will temporarily not be involved in NFT trading and Twitter, focusing on personal life.**
I. Introduction
The world of cryptocurrency and blockchain technology has seen a significant surge in recent years. With the advent of NFTs, the craze around them has increased exponentially. NFTs or Non-Fungible Tokens are unique digital assets that are created using blockchain technology. One of the most popular NFT collections is Bored Apes Yacht Club (BAYC). However, on April 13th, the community was shocked by the news of NFT Whale Franklin selling many BAYCs to repay BendDAO’s loan.
II. Who is NFT Whale Franklin?
NFT Whale Franklin is a pseudonymous person who gained prominence in the world of NFTs for their significant investment in digital assets like Bored Apes Yacht Club. They are known for having a massive collection of rare NFTs, particularly BAYCs.
III. What is BAYC?
Bored Apes Yacht Club (BAYC) is an NFT collection that was created in April 2021. It consists of 10,000 unique hand-drawn ape-themed digital assets that can be used as a sign of membership in the club. The collection quickly became popular, with many celebrities and influential people owning BAYCs.
IV. What is BendDAO?
BendDAO is another NFT project that aims to create a decentralized autonomous organization (DAO) for buying and selling luxury items. It uses blockchain technology to ensure transparency and security in transactions.
V. What happened on April 13th?
On April 13th, NFT Whale Franklin announced that they had to sell many BAYCs due to personal reasons. They explained that they had to repay BendDAO’s loan, and as a result, couldn’t hold onto the BAYCs. Franklin also announced that they would temporarily not be involved in NFT trading or using Twitter, focusing on their personal life. The announcement caused a stir in the BAYC community, with many people expressing their disappointment and concern.
VI. The Effects of Franklin’s Announcement
Franklin’s announcement had a significant impact on the BAYC market. The prices of BAYCs dropped considerably, with many people selling their assets in fear of further decline. The announcement also caused a sense of panic in the NFT community, with many people questioning the reliability and stability of the market.
VII. The Future of BAYC and NFT Trading
The future of BAYC and NFT trading remains uncertain after Franklin’s announcement. While the prices of BAYCs have started to recover slowly, the incident has highlighted the vulnerability and risks of investing in NFTs. However, many experts believe that this is just a temporary setback and that the market will bounce back soon.
VIII. Conclusion
The world of NFTs has witnessed its share of highs and lows, and Franklin’s announcement is another example of the volatility of the market. While the incident has caused ripples, BAYCs and NFTs will continue to be a significant part of the blockchain ecosystem. However, it is essential to keep in mind the risks and uncertainties associated with the market.
IX. FAQs
1. Is NFT trading a safe investment?
Investing in NFTs can be both rewarding and risky. It is essential to do thorough research and consult professionals before making any investments.
2. Will the prices of BAYCs recover?
The prices of BAYCs have started to recover slowly, but it is impossible to predict the future of the market accurately.
3. What can we learn from Franklin’s announcement?
Franklin’s announcement highlights the importance of diversifying investments and being prepared for any unexpected incidents or risks.