NFT Giant Whale sold more than 70 BAYC NFTs at a price of about US $10 million yesterday

It is reported that the NFT whale, which holds more than 70 Bored Ape Yacht Club NFTs, sold them yesterday through Blur for about US $10 million.  

Interpretation of this information:

The message reports that a non-fungible token (NFT) whale, an individual or entity known for holding large amounts of NFTs, has sold over 70 Bored Ape Yacht Club NFTs for approximately $10 million through the platform Blur. Bored Ape Yacht Club is a collection of 10,000 unique digital apes that also grant access to exclusive events and merchandise. The collection has gained popularity in the NFT market, with some apes selling for millions of dollars.

The sale of such a large number of Bored Ape NFTs by one individual signals a potential shift in the NFT market. Some may interpret this as a sign of overvaluation of certain NFT collections, while others may see it as a natural fluctuation in a rapidly evolving market. However, it is worth considering that the sale of 70 Bored Ape NFTs by one individual does not necessarily represent the entire market or the value of the collection as a whole.

Blur, the platform used for the sale, is an invite-only marketplace for high-end NFT buyers and sellers. This suggests that the whale who sold the Bored Ape NFTs may have been looking for a discrete and exclusive market to conduct their transaction, which could have driven up the sale price.

Overall, the news of the sale of 70 Bored Ape NFTs for $10 million through Blur is noteworthy and may indicate a shift in the NFT market. However, it should be noted that this sale represents the actions of one individual and does not necessarily reflect the entire market or the value of the Bored Ape collection as a whole.