Falling into the "whale trap", Maggi catcher rektguy founder 71 BAYC

2023-02-22 14:36

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With this battle, Maji can remove "one" from one of the largest holders of BAYC and officially become the largest individual holder.

原文标题：《接盘 71 只 BAYC，就问麻吉麻没麻？》

原文作者：十文， Odaily 星球日报

On Monday, the Odaily Planet published a piece of "8 Tips for Blur to follow in the face of Whale Arbitrage" detailing the recent past. NFT By using Blur's Bid function to raise the price of an NFT series to attract retail Bid, and then find the right time to sell the package to make a large profit model, the Blur retail players gave eight tips to avoid falling into the "arbitrage trap" of the whale.

Today, however, the same pattern, the same whale arbitrageurs, is being victimized not by the same retail investors but by "Big Brother Maji", who has dominated Blur's tally and is one of the biggest BAYC holders.

Here's the thing. This morning, the NFT project. Founder Mando's address (0xC8... In half an hour Blur to about 78 ETH At an average price of 71 BayCs, 11 MayCs at an average price of 16.3 ETH, 7 Azuki at an average price of 15.14 ETH, plus dozens of othersides and Beanz.

From this alone. 71 BayCs, worth more than $9 million, would have been a big deal, and even if those BayCs had been caught by the guy who got 3.2 million Blur in the "airdrop Season 1", not to mention the retail guy. The order, which was completed within 10 seconds, attracted a crowd of onlookers who couldn't help but wonder which one would be unlucky. As it turns out, based on the information on the chain and the transaction data on Blur, it turns out that the seller of the sale was Maji's brother's wallet address (0X020... 5,872).

接盘 71 只 BAYC，就问麻吉麻没麻？

This... Does "big brother" get it wrong sometimes? After accepting so many BAYC, netizens are worried for him: "This must be sold to the monkey year." With this battle, however, Maj was able to remove "one" from one of BAYC's largest holders and officially become the largest individual holder.

As an NFT OG with hundreds of thousands of deals to his name and a veteran Blur player, how did he not escape this "block"?

We know that. The floor price often does not match the offer price, resulting in a lack of trading depth, which is also the main reason for the illiquidity of NFT. However, Blur Famer is constantly using the Bid game to accumulate credits for liquidity mining, and the Bid closest to the floor price eventually gets more bonus points, allowing them to allocate more tokens in subsequent airdrops. Blur's market-making incentives allow traders to list NFT's on Blur at prices close to the floor, and in some cases above the floor. This further creates tight bid-ask spreads that keep Blur's floor prices lower than those available in other markets. This approach constantly creates a moat for Blur, adding depth to the bid.

接盘 71 只 BAYC，就问麻吉麻没麻？

This gave Mando the perfect opportunity to list all 71 BayCs and reap millions of dollars, leaving Maggi with an empty wallet and a Bid that was completely empty.

接盘 71 只 BAYC，就问麻吉麻没麻？

It is interesting that so much BAYC trading volume has not seen much price movement. If this had happened a few months ago, you would have seen the price of the BAYC floor move dramatically as a result.

During the Blur Airdrop in Season 1, the Whale probably bought a lot of blue chip NFT in a Bid to earn points. However, after the airdrop distribution ends, these FTTS may become a bit of a "hot hot" and unprofitable for the time being, which could lead to massive selling by whales taking advantage of Blur's liquidity, although we urgently alerted retail investors to this arbitrage on Monday, But it ignores the whales who are also immersed in the Bid to Airdrop.

Odaily Planet has to remind everyone again that while Blur is good, it's important to stay with Blur. Play it safe before you Bid. Don't be a sucker.