Nfts
14 NFTs in two days
Mark Cuban, former owner of the NBA’s Dallas Mavericks and Shark Tank investor, made headlines by suddenly selling several non-fungible tokens (NFTs) from his vast collection. According to the data, over the last two days, the markcuban.eth address has unloaded 14 NFTs.
While most of these sales were for lesser-known collections, Cuban’s move sparked interest and speculation within the NFT community.
In a notable transaction, Cuban sold his Pudgy Penguins NFT #6329 for 9,065 Ethereum (ETH), or almost $30,000 at the time of sale. Moreover, Cuban tent to sell a Dallas Mavericks-themed NFT from the Proof of Culture series for 15 ETH (approximately $50,194) through one of its Open Sea wallets.
According to OpenSea data, this wallet, related to Cuban and the Dallas Mavericks, contains about 1,600 items. Despite the sales, his portfolio still includes a sizable collection of NFTs valued at over 1,900 ETH, or approximately $6.2 million.
Learn more: How to Start NFT Trading: A Step-by-Step Guide
Mark Cuban NFT sales over the past two days. Source: Open Sea
Cuban, a prominent NFT advocate since the 2021 boom, has significantly invested in NFT projects and platforms, like CryptoSlam and Mintable. End of 2023, Cuban remains optimistic about NFTs, advising collectors to buy for love rather than speculation. He highlighted the early struggles of now-successful tech giants like Amazon and Microsoft in drawing parallels to the potential of the NFT market.
“You know what happens to speculators? They get their asses kicked. One day you’ll look back and say, ‘I should have bought these damn NFTs when they were next to nothing,'” he said. declared.
Cuba’s NFT sales coincide with a notable drop in the floor price to be bored Monkey Club Yacht (BAYC) NFTs, which fell below 10 ETH last week. This context has fueled speculation about the timing and motivations of its sales.
Learn more: 7 Best NFT Markets You Should Know About in 2024
THE The broader NFT market has also seen a slowdown. CryptoSlam data reveals that the volume of NFT sales over the last 30 days amounted to $485 million, a significant decrease of 48.52%. Cuban’s actions could be seen as a reaction to these market conditions or as a strategic decision within his broader investment portfolio.
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