The Biggest 'Cut Loss' in the NFT Circle? The Scene of the CryptoPunk #3100 Incident]
Today, a big whale in the NFT circle suffered huge losses and fled from CryptoPunk #3100. This transaction can almost be considered an epic lesson in cost!
Purchase: 4,500 ETH (In 2023, worth as much as 15.79 million USD)
Sale: 4,000 ETH (About 6.06 million USD)
Loss in One Year: A full 9.73 million USD!
Although this whale still holds a large amount of ETH, this operation exposes a key issue:
The price of ETH has dropped 57% this year, and without hedging or arbitrage, buying blue-chip NFTs at high prices equals a double whammy: ETH drops, and NFTs also drop.
CryptoPunk #3100 was once one of the most iconic existences in the 'Alien Series,' but now it has become a 'reverse totem' of cutting losses?
This incident warns us:
NFTs ≠ Permanent Value Storage, even the most blue-chip ones cannot withstand the contraction of cycles and valuation reassessment.
High-net-worth players can also become subjects of market education.
NFT investments based on ETH carry greater risks during periods of sharp price declines.
So, everyone, is this 'cut loss' or 'surrender'? Share your judgment in the comments section!#bnb #sui #PEPE #god #DOGE
