According to statistics provided by Nansen, non-fungible token (NFT) whale Jeffrey Hwang, also known informally as Machi Big Brother, sold 1,010 tokens in a span of 48 hours for a total of 11,680 ether (ETH), which is equivalent to to $18.6 million. .

Andrew Thurman, who works for Nansen and is a specialist in psychometric ape enhancement, highlighted the business activity that had taken place over the previous two days in a Twitter thread he posted on February 25. He observed that it is “arguably the biggest NFT dump ever”. “

In addition to many other non-fungible tokens (NFTs), the hot sale event included the sale of a total of 308 Otherdeed NFTs, 90 Bored Ape Yacht Club (BAYC) NFTs, and 191 Mutant Ape Yacht Club (MAYC) NFTs.

However, Machi Massive Brother quickly bought back 991 NFTs, and Thurman theorized that this may be a move to book some profits while also undertaking “a big wash deal to produce huge Blur airdrop profits” or a ” quite blatant market manipulation”.

Reportedly one of the biggest recipients of the Blur (BLUR) token airdrop of the upstart NFT marketplace Blur, which recently dethroned OpenSea from its position as the top-ranked NFT platform in trading volume, Machi is said to be one of the biggest recipients of the parachute delivery.

The project began its first round of community airdrops on February 14. The number of tokens that were airdropped depended on the degree of user involvement in the platform, as well as the amount of Ethereum-based NFT trading activity they were involved in.

Blockchain analytics platform Arkham Intel said on Feb. 17 that Machi had received 1.8 million BLUR and cashed them out for $1.3 million.

As a result, Machi may be able to acquire more BLUR tokens in the next round by increasing the amount of activity on the NFT trading market, while other whales may be trying to do the same.

According to the statistics provided by NFT Price Floor, when looking at the floor prices of the best collections that Machi removed for the first time, the prices of BAYC, MAYC and Otherdeed NFT experienced a decrease of 7.77%, 9.2% and 8. 16% respectively in the previous 24 hours.

In a recent article, Thurman made the observation that “one man drive for an airdrop is ruining certain markets.”

According CoinGeckoBLUR’s price is $0.79 as of this writing, reflecting a 17.7% decline over the course of the previous week.

The Blur team said in a tweet on Feb. 22 that the project would shortly launch $300 million worth of tokens as part of its second round of funding.