How many days will it take for BendDAO, the "P2P" in the cryptocurrency world, to bring down BAYC?
The transaction price once exceeded 150E, and BAYC, whose floor price has remained above 80E for a long time, fell below 50E today.
This wave of decline began to appear a month ago, and after 11.9 fell below 60E, a large number of transactions occurred intensively.
We did some research and found that there is a large trader 0xed2ab4948bA6A909a7751DEc4F34f303eB8c7236, holding 50 BAYC. In the past week, he has single-handedly become the market maker of BAYC by placing frequent orders on X2Y2, which has contributed to the decline of BAYC.
This is not all his tricks. How can this wallet with only 52E liquidity be able to buy and sell BAYC so frequently? Looking further down, I saw BendDAO.
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