One of the digital #currency markets collapses by 90%.. What is the reason?

_According to the latest report, #OpenSea , the world's largest NFT market, has... Its ratings dropped by a staggering 90% as one of its biggest backers pulled a massive investment. #Coatue.Management reduces its stake in OpenSea. Coatue Management Company. A technology-focused investment management firm, it sharply wrote down the value of its holdings in OpenSea by approximately 90%. And in the second quarter of 2023. Coatue has reduced its once valued $120 million investment in the NFT platform to $13 million. This significant reduction suggests that OpenSea's current valuation is $1.4 billion or less. In addition, #Coatue also underwent a similar 90% reduction in its stake in web3 infrastructure company MoonPay.

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