Kevin Rose, co-founder of the #NFT #Moonbirds collection has initiated a significant sell-off of his precious NFT collection.
Prominent Chinese reporter Colin Wu drew attention to Rose's massive liquidation move in a recent post on X.
https://x.com/wublockchain/status/1766650273072853057?s=46
Colin Wu, citing data from NFTScan, revealed that in the past 16 days, Rose successfully transferred 328.92 worth of digital assets $ETH .
Considering the current market price of #ethereum is 3,960 USD, Rose's sale has a staggering monetary value in excess of 1.3 million USD.
Among the products with outstanding sales, Rose parted with the Fidenza 531 for a staggering price of 142 ETH or $562,320.
Furthermore, he sold XCOPY's famous piece âWhen Does the Airdrop?â for 151.2 ETH, equivalent to $598,752 USD, signaling a strategic departure from his once beloved digital treasure.
Adding to the conspiracy, Rose facilitated the transfer of bluechip NFT #CryptoPunk 6419 to undisclosed parties.
Furthermore, he gave up ownership of two ENS domains, sending them to a burning address, leading enthusiasts to speculate about the motives behind his actions.
These developments follow Yuga Labs' recent bombshell announcement of its acquisition of Moonbirds' NFT development team, PROOF.
Three weeks ago, Yuga Labs, the creative force behind Bored Ape Yacht Club, acquired full ownership of PROOF and its entire portfolio, including Moonbirds, Oddities, Mythics and Grails.
Following the acquisition, Yuga Labs integrated the Proof team into its workforce and integrated the Moonbirds collection into its highly anticipated #metaverse game Otherside.
PROOF CEO Kevin Rose is expected to take on an advisory role at Yuga Labs after facilitating the transition.
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