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The truth is out? There are two theories behind the departure of "Big Brother Maji" from the NFT field

Read this article in 9 Minutes
"Big Brother Maji" still holds 62 BayCs and has not sold.
原文标题:《 黄立成退圈 NFT,是亏麻的绝望还是受迫的冷静?   》
Source: ODAILY Planet


For the last three days, two. NFT  OG "Franklin" and "Big Brother Muji" Huang Licheng announced their exit from the NFT field. "Franklin" and "Big Brother Maj" were the first NFT players with a trading scale, and were big BAYC players. Their trading frequency, NFT holdings and selling price will have a certain impact on the NFT trading market and the floor price of blue chip NFT such as BAYC.


Previously, Blur  Founder   Pacman says Franklin and Maj are the equivalent of Jump Trading and Jane Street in the NFT world, and comparing them to "head market makers" means both have contributed significantly to the liquidity of NFT trading and the entry of new players into the market.


So the two big brothers' exit adds a hint of uncertainty to the already dull NFT market.


Unlike Franklin, who withdrew from the NFT market due to his failure in gambling and investment, Franklin did not give a specific reason, and Franklin sold a lot of BAYC after announcing his exit from the NFT market, selling almost all of BAYC. And "Big Brother" has not yet sold a large number of NFT, and in April. On the 10th, he tweeted that he still loved the BAYC community and unranked the "out of NFT territory" tweet and replaced it with BAYC NFT tweet.


This contradictory move has sparked heated community debate, more mysterious. But judging from the content of his tweets and the recent trading in NFT, we suspect there are two reasons for his comments.


Guess 1: Big Brother is angry at being blamed for manipulating the NFT market


Since Blur's second season of airdrop points, "Big Brother Maji" has been the number one Blur scoreboard and has seen a lot of trading. "Big Brother Maji" has a lot of BAYC and other blue chip NFT, through the order and bid to gain trading points, while increasing the liquidity of the NFT, which is actually very normal performance. But with the recent decline in the NFT market, points-earning users are not as active as before, and traders with piles of NFT are looking for ways to unload them.


Blur's liquidity created favourable selling conditions for NFT traders as Blur launched its second quarter airdrop points campaign. Because Blur's market-making incentives allow traders to hang NFT on Blur at prices close to the floor, further creating tight bid-ask spreads that keep Blur's floor prices lower than those in other markets. This approach constantly creates a moat for Blur, adding depth to the bid.


And "Ma Ji brother" in this whale game to become a "victim", has taken over 71 BAYC, as well as 77 CryptoPunks, capital loss of more than 2000. ETH, and then emergency selling more than 1000 NFT, BAYC floor price drop once reached 25.5%. . It quickly bought back 991 NFT. Analysts speculated that the move could have been a case of "cleansing trades" to gain Blur airdrop points before making some profits, or "outright market manipulation". In addition, "Big Brother Ma Ji" this action is also suspected of creating panic.


But it's not clear whether "Big Brother Maji" was intentional. After all, the takeover behavior is not "Ma Ji brother" initiative caused, selling point NFT back to the blood is normal trading behavior. However, as a "market maker" "Maji brother" every move has a significant impact on the NFT market. Such a big sell-off is bound to become the focus of public opinion.


"Are Punks going to zero because of Blur or me?" posted Big Brother Maji. "Seems to be an expression of helplessness after being reviled by the community.


In addition, some fans of "Big Brother Maji" say that it is not your problem to ignore such comments, just go on with your work and let them misunderstand and criticize you. "I'm not Jesus," replied Brother Maji.


黄立成退圈 NFT,是亏麻的绝望还是受迫的冷静?


Guess 2: Blur bonus extension, loss of thousands of Aethers, need to calm down


According to Proof research director NFTstatistics.eth, "Big Brother" lost over 5000 ETH in Blur.


黄立成退圈 NFT,是亏麻的绝望还是受迫的冷静?


The Blur airdrop in Season 1 offset some of the damage, but the gap remains. According to CoinGeko, BLUR's price has continued to fall since its launch, from a high of $1.33 to $0.44, and was currently trading at $0.72 as of press time. The Blur airdrop campaign continued in season 2 and was extended until May 1, which threatened to further reduce the value of users who had been desperately trying to earn points. It also meant that the losses of "Big Maji" could be doubled, which made "Big Maji" unable to justify their losses and left angry messages saying "FUCK".


Double losses make "Big Brother" more cautious.


黄立成退圈 NFT,是亏麻的绝望还是受迫的冷静?


In addition to "Franklin" and "Big Brother Maji" announcing their exit from NFT, Jimmy eth, one of BAYC's OG's, also recently sold several BAYC's and MAYC's. Some users said that these actions from Whale OG's damaged the trust of the community. Because their actions are no longer individual transactions, but affect the entire market. Recent events have also caused the floor price of BAYC to drop from 60 ETH to 54 ETH, which has disturbed the entire NFT market and led to the liquidation of many NFT in BendDAO.


Confusingly, "Big Brother" still holds 62 BayCs, making him the sixth largest in the program, and didn't dump them like "Franklin" did when he announced his exit, and his profile picture and Twitter feed are all about BAYC.


黄立成退圈 NFT,是亏麻的绝望还是受迫的冷静?


Perhaps Brother Maji's announcement of "quitting" was a temporary act (in the world of NFT and meme, nothing can be said with confidence), and he wanted to calm down, having always been at the center of the storm.


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