According to BlockBeats, a newly created address deposited 1069 ETH in the early hours of today. Following this, the address bid for 110 Fat Penguin NFTs on the BendDAO platform at a price of 8.8 ETH each. This move is speculated to be a whale's attempt to rescue bad debts.
As of the time of writing, the floor price of Fat Penguin NFTs has rebounded to 9.196 ETH, a 31.2% increase from the previous low of 7 ETH. This significant increase in price is attributed to the large purchase made by the whale.
The identity of the whale remains unknown, but their actions have had a significant impact on the market for Fat Penguin NFTs. The whale's investment has not only increased the floor price but also brought attention to the Fat Penguin NFTs, potentially attracting more investors to the market.
The BendDAO platform, where the transaction took place, is a popular platform for trading NFTs. The purchase of 110 Fat Penguin NFTs at a price of 8.8 ETH each is one of the largest transactions to have taken place on the platform recently.
This event highlights the influence that large investors, often referred to as 'whales', can have on the NFT market. Their actions can significantly affect the price and popularity of specific NFTs, as demonstrated by the recent increase in the floor price of Fat Penguin NFTs.