The NFT market is experiencing a significant downturn as top Blur farmer @Cbb0fe has pulled all his bids and loans, resulting in a lack of exit liquidity for NFTs. This move has led to a sharp decline in NFT prices, with Bored Ape Yacht Club (BAYC) and Pudgy Penguins both falling below 10 ETH. Specifically, BAYC is now at 9.2 ETH and Pudgy Penguins at 8.6 ETH. The market has seen a 16% drop in Pudgy Penguins, and there are over 130 Pudgy Penguins in auction status. The NFT market collapse is further highlighted by the fact that @Cbb0fe is down $4.5 million during Blur's Season 3, which is ending next week. This situation is causing widespread concern among NFT holders and traders.
It's a rough morning for NFT fans out there 📉 ETH leaders are down 10-20% after lead Blur farmer CBB pulled his bids. It's hard to find a positive spin, but on the bright side - We seem to be as close to the end of Blur farming as ever. Will find out more next week at Blast… https://t.co/GYWEDcPjjv
NFTs just keep bleeding BAYC & PP under 10 ETH is wild, lower or have we bottomed?👀 https://t.co/CgRBuYNldr
Wow - work up to blood in the streets across the board in NFT land. 🐧Pudgy Penguins were 20 ETH in February. 🦧Bored Apes were 17 ETH in April. ⛩️Azuki was 5.5 ETH in May. Where the bottom?? https://t.co/loqheZvaP3
NFT Market Collapse: Penguins Down 16% https://t.co/6izFAYWcmm
🔻 Top NFTs Drop: BAYC and Pudgy Penguins fall below 10 ETH. #REKT https://t.co/ZKVjskHjvc
The Daily Modern Market Snapshot: Tue 18 Jun Headlines 👉NFT market collapsing as Cbb pulls bids: Penguins 8.6 ETH, BAYC 9.2 ETH; Milady's buck trend up 7% From @CirrusNFT: "Easily the worst the Pudgy loan book has ever looked 100 underwater loans on Blur alone, another 100 on… https://t.co/HbkJvr1iOd
According to Blur, NFT prices have fallen sharply in the past 24h, with BAYC and Pudgy Penguins both falling below 10 ETH. Pudgy Penguins is facing a large number of liquidation auctions, and there are more than 130 Pudgy Penguins in auction status in Blend.…
NFTs just keep bleeding BAYC & PP under 10 ETH is wild, lower?👀 https://t.co/G6JkOqyIBH
Top @blur_io farmer @Cbb0fe is down $4.5 MILLION while farming $BLUR season 3 Today he pulled all of his bids from the platform which is nearly 40% of the market over the past few weeks Comment what you think happens next...👇 https://t.co/lxuiV0eAPl
CBB just pulled his bids, other $BLUR farmers following suit ahead of Season 3 ending next week True price discovery incoming for our beloved illiquid jpegs Brace for impact https://t.co/UqP6QxCM3V https://t.co/Yb1Wqmbfxs
BREAKING: top Blur farmer @Cbb0fe just pulled all his bids and loans. There is no more exit liquidity on jpegs 🔥