#Binance The NFT market experienced a significant shock in the past three days, with over 1,200 NFTs being liquidated due to a record-low plunge in the floor price of several prominent or ‘blue-chip’ NFTs

Data from the NFT analysis site, Snow Genesis, shows that hundreds of #NFTs used as collateral for loans are at risk of being liquidated. While some of these debts have been repaid, several NFTs have already been listed for auction. The table below shows the most recent NFT liquidations from Snow Genesis as of press time.

CirrusNFT, Wumbo Labs, noted that several investors who took loans on their blue chips NFT, including #Azuki , CloneX, MAYC, and BAYC, were impacted during the period. Beanz NFT collection saw the most liquidation as 636 of its NFTs—3% of its total supply— were affected.

Cirrus said the pace of these liquidations was alarming, highlighting the daily average for last year to be between 10-15 NFTs. However, He added:

“Good news is that the rate of liquidations has slowed drastically over the last few hours and there aren’t a crazy amount of underwater loans left.”

NFTs floor price tank

Over the past week, the floor price of several NFT collections massively plunged despite the upward price movement across the broader #crypto market.

Bored Ape NFTs floor price crashed below 30 ETH on July 2, its lowest value since October 2021, before recovering to its current worth of 31.5 ETH, according to Coingecko data.

At its peak, Bored Ape NFTs sold for over 500 ETH, with several A-list celebrities, including Justin Bieber spending over $1 million on one of the collections.

Azuki also recorded substantial losses for its holders following the shoddy release of its Elementals collection. The floor price of the collection fell by more than 20%, with its community members proposing to sue its founder Zagabond for 20,000 ETH.

Meanwhile, other blue-chip NFT collections like DeGods, Pudgy Pegions, Azuki Elementals, and BAKC, Moonbirds also took significant hits to their value during the reporting period.#pepe

Crypto Report: Beanwhale.eth's Azuki Acquisition Journey

Beanwhale.eth (@Rewkang) has emerged as a prominent figure in the world of Azuki, holding the title of the largest Azuki holder with an impressive stash of 299 Azuki . Let's delve into their recent purchasing activity and the financial implications involved.

Recent Acquisition

Approximately 20 hours ago, beanwhale.eth made a noteworthy move by investing 111.3 $ETH to acquire 9 #Azuki. Each of these tokens carried a price tag of 12.37 ETH . This transaction highlights beanwhale.eth's commitment to expanding their Azuki portfolio, despite the associated costs.

Cumulative Investments

In their pursuit of accumulating Azuki, beanwhale.eth has committed a substantial amount of capital. So far, they have spent a staggering ~4,071 ETH on approximately 296 #Azuki tokens. The average purchase price per token stands at approximately ~13.75 $ETH . This significant investment showcases beanwhale.eth's unwavering dedication and financial prowess.

Impending Loss

Unfortunately, the current floor price of Azuki sits at 9.65 $ETH . With their considerable holdings, beanwhale.eth could potentially face a significant loss. Based on calculations, it is estimated that the loss could amount to approximately ~1,200 $ETH . This impending financial setback emphasizes the volatile nature of cryptocurrency investments and the risks associated with them.

Wallet Address:- 0xff3879B8A363AeD92A6EABa8f61f1A96a9EC3c1e

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#NFTS #NFTCommmunity #crypto2023

$BNB $UNI #pepe

Analyzing Spent Output Age Bands: Unveiling Trader Behavior and Long-Term Holder Dynamics

1)- Short Intro

In the world of #Bitcoin spent outputs refer to amounts of Bitcoin that have been transferred as part of a transaction. The age of a spent output represents the time elapsed between its creation and when it was spent. By categorizing spent outputs into different age bands, we can gain insights into trader behavior and long-term holder dynamics. This report aims to analyze the trends observed in spent output age bands and their implications. $BTC

2)- Methodology

To conduct this analysis, a dataset of Bitcoin transactions and corresponding spent outputs were collected. The spent outputs were categorized into age bands based on the time elapsed between their creation and spending. Various statistical techniques and data visualization tools were utilized to uncover patterns and trends within the dataset. #crypto2023

3)- Key Findings and Analysis

I. Dominance of Short-Term Traders:

The age band representing outputs spent within 1 day to 1 week consistently exhibits the highest value among the other bands. This suggests that traders engaged in short-term trading (within a day or up to a week) contribute significantly to the spent outputs flowing into exchanges. These traders likely aim to capitalize on immediate price fluctuations and take advantage of short-term trading opportunities. #BTC

II. Reduced Activity of Long-Term Holders:

The age bands representing longer time periods, such as '1w ~ 1m', '1m ~ 3m', etc., generally display lower values. This indicates that fewer spent outputs flowing into exchanges originate from Unspent Transaction Outputs (UTXOs) created in the more distant past. Long-term holders, who tend to hold their coins for extended periods, exhibit less activity in terms of moving their coins to exchanges. This behavior aligns with the mindset of investors focused on long-term appreciation and potential benefits from holding Bitcoin. #crypto

III. Occasional Spikes in Activity:

Periodic spikes can be observed across all age bands, indicating increased activity during specific time periods. These spikes may coincide with significant market events, such as major news announcements, regulatory developments, or substantial price movements. They highlight periods of heightened trading activity and increased movement of Bitcoin to exchanges.

IV. Stability of Long-Term Holder Dynamics:

The age bands representing longer time periods, such as '2y ~ 3y', '3y ~ 5y', etc., show relatively stable values over time. This suggests that the activity of long-term holders is less influenced by short-term market fluctuations. Long-term holders tend to maintain their positions and are less likely to be swayed by short-term price volatility. This stability in their behavior reflects a commitment to the belief in Bitcoin's long-term value proposition.

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#Azuki

$ETH $SOL

For Azuki's holders, the mint window was only for 10 minutes, many didn't have time to mint.

Some of the #Elementals look almost like the original #Azuki .

Making a mint price in 2 ETH with such art and without previews, is that 🫣

Binz Holders had little chance for a mint, and now they are priced at 0.67 eth.

The price of Azuki also suffered well, from 17 to 9.7 eth.

How to distinguish Elementals from Azuki now, one painting after all. Yes, you can't confuse ravenous Elementals, but what to do with kommonkas.