The phenomenal rise of Non-Fungible Token (NFT) trading volume on OpenSea could be one culprit contributing to the tanking price of Ether (ETH). Data from Etherscan shows that in the past few weeks, OpenSea has been unloading thousands of ETH on the market. Similarly, NFT creators on the platform have been taking out profit according to the data. OpenSea’s NFT trading volume continues to rise this January.
OpenSea’s Meteoric Rise May Trigger An Ethereum Crash, Here's Why
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24 January 2022 10:54, UTC