cryptonews: It's easy to get excited by the headline that NFT sales have soared to $2 billion, their highest level since last spring. 👀
It's easy to get excited by the headline that NFT sales have soared to $2 billion, their highest level since last spring.
The result, perhaps predictably, was that a group of whales with plenty of NFTs and the cash to to flip their holdings decided to game the system, with a few ringing up $1 million worth of the BLUR tokens. Noting in a Feb. 24 tweet that it did the same thing in 2022 when "when @LooksRare farming created 8 Billion in wash trades," CryptoSlam added:
Data from Dune Analytics shows that OpenSea's number of unique traders has gone down in the last couple of months: From the low to mid-40,000s at the beginning of the year to about 26,000 in the first few days of March.
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