From a big BAYC owner to logging out of Twitter, this article reviews the ups and downs of the NFT whale Franklin's ups and downs
Original source: Story+ (Twitter @ Story_Liu 00 ), Builder @BuidlerDAO
BAYC Giant Whale@franklinisboredTwitter is logged out, and a generation of legends ends temporarily.
Franklin's full name is Franklin Caldwell II, a master of aerospace engineering from USC, and worked as a structural analysis engineer in Boeing, Northrop Grumman, Peraton, and several American aerospace companies.
33 years old, with an annual salary of one million, and has received the President of the United States. It is good enough even in the Web2 world.
After entering the BAYC community, Franklin repeatedly used the NFT lending platform@BendDAO, expanding his BAYC collection through venture trading strategies and lending activities.
As of November 6, 2022, Franklin owns more than 61 BAYCs, and once became the sixth largest BAYC holder. He is also the user with the highest cumulative loan amount on BendDAO, with a total loan amount of nearly 20,000 ETH.
In November 2022, the NFT market continued to go bearish, and the thunderstorm of FTX exacerbated the market panic. The floor price of BAYC once fell below 50 ETH.@BendDAOThe medium-mortgaged BAYC starts to trigger the liquidation auction process, and a large number of BAYC are on the verge of triggering the liquidation auction. At the time, Franklin still held 58 BAYC. With the help of ample positions and an optimistic judgment on the market outlook, Franklin started arbitrage.
On November 15, 2022, Franklin accepted 4 bids below the floor price on blur, and placed a large number of orders at the floor price. The "clearance sale" of giant whales caused extreme panic in the market, and people's belief in BAYC began to shake. People keep rolling the floor, trying to escape before BAYC is destroyed. When the oracle machine fed the falling floor price to the BendDAO platform, a large number of BAYCs on the verge of auction began to trigger liquidation.
Profit opportunities are here! Franklin put his 14 BAYCs into BendDAO for mortgage loans, and used the loan funds and the ETH obtained from the previous sale of BAYCs to bid for the 7 BAYCs that are being auctioned and liquidated on BendDAO. As the first bidder, if the borrower pays off the debt, he can get a reward of 5% of the total debt of the borrower (approximately 2-3 ETH at the time). Related reading: "BAYC Crash: One man guards the gate, ten thousand men liquidate"
Even if the borrower is not repaid, Franklin can win the auction and sell high and buy low. Through this short-term short-term but monkey-based long-term strategy, Franklin made a profit of nearly 20 ETH that day.
Of course, Franklin is better known for his degen strategy. Franklin is very keen to offer NFT below the floor price and sell it at the floor price.
Franklin also had Fat Finger. On July 19, 2022, in order to satirize the hype of Ens at that time, Franklin tried to trigger a tweet from the Ens quote robot by falsely quoting to his own trumpet. To this end, Franklin purchased the domain name "stop-doing-fake-bids-its-honestly-lame-my-guy.eth" with a trumpet, and bid 100 WETH to himself.
However, after his ENS domain actually received a bid of 1.9 ETH, Franklin immediately accepted the bid, but forgot to retract his prior bid of 100 ETH. Franklin lost 100 ETH because of jokes and greed.
In addition to this major loss, Franklin has had manyFat Finger experience。
After airdropping tokens in the first season, on February 15, 2023, Blur released the airdrop plan for the second season, encouraging users to use the tokens for bidding and placing orders. The myth of getting rich in the first season attracted a large influx of users, and everyone began to crazily roll bids in order to eat meat. As BAYC giant whales, Franklin and@machibigbrother(Taiwanese singer Huang Licheng's address) began to fight openly and secretly, and the transaction volume between the two once occupied 8% of the market.
Blur's incentive mechanism encourages buyers to bid at a high price, which greatly improves the transaction depth of NFT. Blur's sufficient liquidity has created good selling conditions for NFT degens. A large number of NFTs were sold to the giant whales of bid, and the giant whales could only exchange for liquidity through emergency selling to other giant whales.@k 2 _nftThe detailed traces of Franklin and@machibigbrotherGreat War.
According to a data survey by Proof Research Director NFTstatistics.eth,@machibigbrotherHe lost more than 500 ETH in this Blur game, and once announced his withdrawal from the NFT market.
Just when we thought Franklin survived the War of the Century, oops gambling! Franklin injected 650 ETH into the gaming platform@rollbitcomLost everything and injected 1355 ETH into online casino Dice 2 Win (site has been deactivated). The two failed "investments" lost nearly 2,000 ETH, and Franklin had to sell NFT to repay the debt. After this battle, there is only one golden monkey left in Franklin's public wallet.
Original link
