Franklin Whale Deletes Twitter After Dumping BAYC Due To Gambling And Losing

Key Points:

• Following the sale of the BAYC mass, Franklin Whale shut down his Twitter account.
• He stated that he had lost his investment and advised people not to gamble before deleting the account.
• Sell at least 27 NFT BAYC to raise 1439 ETH, or 2.8 million USD. This will lower the price of NFT to 55.59 ETH, or 111,000 USD.

On April 19, Franklin, a notable holder of BAYC, erased his Twitter account after it was affirmed to have sold the greater part of the NFT BAYC, making the cost dive.

On April 13, Franklin sold a lot of BAYC, according to on-chain data. This whale raised 1439 ETH, or $2.8 million, by selling at least 27 NFT BAYC in 12 hours. The Bored Ape Yacht Club (BAYC) collection’s floor price drops to 55.59 ETH, or 111,000 USD, the lowest level in five months as a result. Blur, the most popular Ethereum NFT exchange, is where most of Franklin’s NFTs are sold.

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Franklink said the decision came from an “unlucky” problem in his life, which led to him having to liquidate NFTs in bulk.

“Gm. Due to an unfortunate IRL issue, I have had to sell off a lot of BAYC apes to pay off BendDAO loans while the liquidity was available. I won’t get involved in NFT trading/twitter for a while, and will just focus on my private life for the time being with my remaining apes.”

He tweeted before deleting his account, explaining that he had lost 650 ETH in his Rollbit project investment and nearly 2,000 ETH in his previous investment. People should refrain from gambling and deposit any unsecured ETH, according to Franklin.

Gambling losses have occurred before. Recently, the organizer behind NFT Goobers conceded to being a speculator. In addition to the fact that he lost every one of his resources, yet the financial backers’ cash as well.