1. PixelPlaygroundHome
  2. Web3 News

Largest NFT Sell-Off in History: Huang Licheng Sells 1010 NFTs for 11680 ETH

• Web3 News • 157 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. …

Largest NFT Sell-Off in History: Huang Licheng Sells 1010 NFTs for 11680 ETH

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

Interpretation of the news:


NFTs, or non-fungible tokens, have been making headlines in recent years as an innovative way to collect and trade digital assets. These unique tokens are created on blockchain networks and are one-of-a-kind, allowing for ownership and scarcity of digital goods. As the NFT market continues to surge, the world’s biggest NFT tycoons are taking notice.

On February 25, 2022, NFT tycoon Huang Licheng made waves in the NFT community as he sold 1010 NFTs in just 48 hours. According to data from Nansen, Licheng received 11680 ETH, which is equivalent to approximately US $18.6 million at the time of writing. This selling activity is said to be the largest NFT sell-off in history.

The bulk of Licheng’s sales were attributed to 90 Bored Ape Yacht Club (BAYC) NFTs, which sold for 5707 ETH, and 191 Mutant Ape Yacht Club (MAYC) NFTs, which sold for 3091 ETH. Additionally, Licheng sold 112 Azuki NFTs for 1644 ETH and 308 Otherded NFTs for 582 ETH. These staggering numbers highlight the growing interest in NFTs and the immense value collectors place on owning these tokens.

As the NFT market grows, so does the demand for these unique digital assets. Collectors and investors alike are placing significant value on NFTs, with some tokens selling for millions of dollars. Licheng’s impressive sell-off reflects the growing interest in NFTs and the potential for significant profits in trading these assets.

Moreover, Licheng’s trading activity demonstrates the power of cryptocurrency as a lucrative investment option. As digital assets continue to gain mainstream acceptance, more people are beginning to invest in cryptocurrency and explore the potential for profits. While the volatility of the cryptocurrency market may make some investors hesitant, the profitability of Licheng’s NFT sell-off highlights the potential for significant gains.

In conclusion, Huang Licheng’s massive sell-off of 1010 NFTs for 11680 ETH demonstrates the growing interest in NFTs and the potential for profits in trading digital assets. As the NFT market continues to surge, we can expect to see more record-breaking sales and new opportunities for investors in cryptocurrency.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/3265/

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.

Like (0)
Previous 02/25/2023 05:56
Next 02/25/2023 06:23

Recommended articles