On Monday, Odaily output an article "8 Tips for Blur Farmers to Follow in the Face of Whale Arbitrage", described in detail the recent model of NFT giant whales using Blur's Bid function to increase the floor price of a certain NFT series to attract retail investors to bid, and then find the right time to package and sell to earn a large amount of income, and gave Blur's retail players 8 suggestions to prevent falling into the "arbitrage trap" of giant whales.

However, just today, the victims of the same routine pattern and the same giant whale arbitrageurs are not the same group of retail investors, but "Brother Maji" Huang, who has been occupying the number one spot in the Blur rankings and one of the largest BAYC holders. Li Cheng.

Here's the thing. This morning, Mando’s address (0xC8...36e8), the founder of the NFT project rektguy, sold 71 BAYC at an average price of about 78 ETH, 11 MAYC at an average price of 16.3 ETH, and 15.14 ETH on Blur within half an hour. Sell ​​7 Azuki at an average price, and add dozens of Otherside and Beanz.

From the perspective of these 71 BAYCs alone, the total value exceeds 9 million US dollars, which is considered a large transaction. Even if these BAYCs are caught by the person who received 3.2 million Blur in the "airdrop first season", it will be a fatal blow , not to mention the three melons and two dates of retail investors. This order, which was completed within 10 seconds, attracted crowds of onlookers. After all, who would not be curious about the unlucky one. As a result, according to the information on the chain and the transaction data on Blur, we found that the recipient of this sell-off transaction was the wallet address of Brother Maji (0X020...5872).

This... Could it be that "big brother" also made mistakes? Netizens were worried about taking over so many BAYCs at once: "This will have to be sold until the year of the monkey." However, after this battle, Brother Maji was able to remove "one" from one of the largest holders of BAYCs, officially becoming the largest individual holders.

As an NFT OG, who has completed thousands of transactions and is a veteran player of Blur, why didn't he escape this "blocking"?

We know that the NFT floor price often does not match the offer price, resulting in insufficient transaction depth, which is also the main reason for the lack of NFT liquidity. However, Blur Farmer is constantly using the Bid game to accumulate praise points for liquidity mining, and the Bid closest to the floor price will eventually get more reward points, allowing them to allocate more tokens in subsequent airdrops, Blur's market-making incentive mechanism allows traders to list NFTs on Blur at prices close to the floor, and some are even higher than the floor price. This further creates tight bid-ask spreads, keeping Blur's floor price lower than other markets. This approach will continue to create a moat for Blur and increase the depth of bidding.

This also created the most favorable conditions for Mando, took the opportunity to list all 71 BAYCs, and received millions of profits, while Maji only had an empty wallet left, and Bid's funds were completely emptied.

Interestingly, so much BAYC trading volume has not seen much price movement. If this had happened a few months ago, you might have seen the BAYC floor price fluctuate drastically as a result.

During the Blur airdrop in the first season, giant whales may have purchased a large number of blue-chip NFTs because of the points earned by Bid. However, after the airdrop distribution ends, these NFTs may be a bit of a "hot potato" and temporarily unprofitable, which may cause giant whales to use Blur's liquidity to sell in large quantities, although we urgently reminded retail investors on Monday We pay attention to this arbitrage method, but ignore the giant whales who are also immersed in "Bid to Airdrop".

Odaily has no choice but to remind everyone again that although Blur is good, you must be cautious and cautious before Bid, and don't be "taken advantage of".