Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
It's a rough morning for NFT fans out there 📉 ETH leaders are down 10-20% after lead Blur farmer CBB pulled his bids. It's hard to find a positive spin, but on the bright side - We seem to be as close to the end of Blur farming as ever. Will find out more next week at Blast… https://t.co/GYWEDcPjjv
NFTs just keep bleeding BAYC & PP under 10 ETH is wild, lower or have we bottomed?👀 https://t.co/CgRBuYNldr
Wow - work up to blood in the streets across the board in NFT land. 🐧Pudgy Penguins were 20 ETH in February. 🦧Bored Apes were 17 ETH in April. ⛩️Azuki was 5.5 ETH in May. Where the bottom?? https://t.co/loqheZvaP3
The NFT market is experiencing a significant downturn as top Blur farmer @Cbb0fe has pulled all his bids and loans, resulting in a lack of exit liquidity for NFTs. This move has led to a sharp decline in NFT prices, with Bored Ape Yacht Club (BAYC) and Pudgy Penguins both falling below 10 ETH. Specifically, BAYC is now at 9.2 ETH and Pudgy Penguins at 8.6 ETH. The market has seen a 16% drop in Pudgy Penguins, and there are over 130 Pudgy Penguins in auction status. The NFT market collapse is further highlighted by the fact that @Cbb0fe is down $4.5 million during Blur's Season 3, which is ending next week. This situation is causing widespread concern among NFT holders and traders.
