Someone Just Dumped 39 Penguins for 438 ETH (Approx. $1,02 Million)

Penguin image titled: Someone just jumped 39 penguins

CirrusNFT made a tweet that sent shockwaves through the NFT market, reporting a significant Penguin sale. According to him, a collector dumped 39 Pudgy Penguins making more than a million dollars from the sale.

CirrusNFT confirmed via Twitter that a staggering 39 Penguins were dumped from the collector’s collection, fetching a hefty 438 ether (roughly $1.02 million) in the process. While details remain fuzzy, CirrusNFT suggests these Penguins weren’t theirs to flip, adding intrigue to the hefty transaction.

Flipper Still Owns 44 Penguins

CirrusNFT further stated that the Penguins were acquired with ~3x leverage over the past few weeks, potentially netting the unknown seller some 20 ether profit. However, a view of the seller’s wallet shows that they still hold 44 Penguins. CirrusNFT claimed that such collectors rarely sell all their collectibles at once.

This unexpected plot twist has sent ripples through the NFT community, igniting speculation about potential market manipulation, surprise exits, and even the possibility of internal transfers. The ambiguity has fueled a flurry of theories, leaving everyone wondering who truly unleashed the penguin avalanche and what further surprises might lurk beneath the surface of this seemingly straightforward sale.

A Potential Top Bidder

@The_Bogfather, a user on X said that the seller is now in a position to be the top bidder for premium NFTs. As the dust settles, one thing remains clear: the Penguin saga has injected a dose of drama into the NFT landscape, highlighting the hidden complexities and unforeseen maneuvers that can play out behind the scenes.

Author: Jinka

Jinka is a self-trained crypto journalist, passionate about happenings in the industry.