On-chain data shows that Huang Licheng sold some BAYC, MAYC, and Azuki on Blur in the past 4 hours. Specifically, 1 Azuki is sold for 16.78 ETH; 5 BAYC sold for 183.8 ETH; 12 MAYC sold for 85.48 ETH; 39 BAYC sold for 1428.71 ETH; 3 BAYC sold for 20.57 ETH MAYC.
Machi Big Brother was one of the first NFT players with the largest trade size and a major BAYC player. The trading frequency, NFT holding rate, and sale price of this whale all have a major impact on the NFT market, especially the floor price of blue-chip NFTs like BAYC.
However, on April 15, Machi Big Brother Whale announced that it would withdraw from the NFT market, but did not provide specific reasons for its decision. This has created a greater sense of uncertainty for the NFT market, especially when the market is quiet.
He recently sued Detective ZachXBT for libel. Huang Licheng tweeted to refute previous allegations made by on-chain detective ZachXBT. He said the allegations of ZachXBT embezzling money were untrue and baseless.
Huang Licheng has sold a lot of BAYC, MAYC and Azuki in the past 4 hours 4
First, he has not embezzled 22,000 ETH from Formosa Financial. He has no access to the multisig transferring the ETH vault, and none of the receiving addresses belong to him. Formosa Financial’s many signatures include CEO Ryan Terriblini and CTO Lorne Lantz.
Second, before Cream Finance was hacked twice in August and October 2021, he transferred Cream Finance to other teams in 2020. He administered the protocol again in February 2022, recovering money for users affected by the attack.
In addition, before the accusation of “Squid DAO”, Huang Licheng confirmed that he did not sell or engage in inappropriate behavior. He is related to Squid DAO. In January 2022, he supported the proposal to return DAO coins, resulting in the return of over 12,000 ETH to Squid DAO participants.
DISCLAIMER: The information on this website is intended as general market commentary and does not constitute investment advice. We recommend that you do your own research before investing.
