Over the past 24 hours, one Ethereum address liquidated almost 500 Moonbirds NFTs for significant losses.
Selling in batches, the address realized losses between 9% and 33% — with 200 Moonbirds sold for a loss greater than 32%. The transactions all took place on NFT marketplace Blur and amount to a total loss of more than 700 ether, according to NFTTrack.
The address in question no longer holds any NFTs and its ether balance is below 0.001 ETH ($1.21).
The floor price for Moonbirds has declined by more than 27% over the past 24 hours.
Often considered a "blue-chip" NFT collection, Moonbirds made headlines last April when, within a week of its launch, one sold for 350 ether — worth about $1 million at the time.
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