When I see a big #NFT sale, (6-7 figs), this is what I look at to see if legit.
- Is the buyer/seller known?
- Is the buyer new?
- Has the project had big sales before?
- Is it a new project with a random big sale all of a sudden?
- Total users of the project,
1/ π
- Is the buyer/seller known?
- Is the buyer new?
- Has the project had big sales before?
- Is it a new project with a random big sale all of a sudden?
- Total users of the project,
1/ π
- Was the sell price determined by a bidding process?
- Does the wallet have history
- Is the project legit/new?
- Is it a fair price looking at sales history?
Projects/community are realising, the easiest way to keep a project relevant or make new project viral is big sales.
- Does the wallet have history
- Is the project legit/new?
- Is it a fair price looking at sales history?
Projects/community are realising, the easiest way to keep a project relevant or make new project viral is big sales.
And like I said before a whale can easily throw down $500k or $1M to get eye balls.
There generally is no problem with anon-new buyers but the above when compounded usually means some fishy business going on.
Especially when too many anons
There generally is no problem with anon-new buyers but the above when compounded usually means some fishy business going on.
Especially when too many anons
It's also an issue if it's the same buyer(s) all the time.
A spread of whales is always healthier.
A spread of whales is always healthier.
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