The last 24 hours in the crypto market have become a real “bloodbath”, as the TOTAL index fell by 3.2%, which is equivalent to more than 72 billion dollars. As a result, the market crash has led to massive liquidations totaling more than $160 million, with bullish investors hardest hit, accounting for 93.9% of liquidations.
The last 24 hours in the crypto market have become a real “bloodbath”, as the TOTAL index fell by 3.2%, which is equivalent to more than 72 billion dollars. As a result, the market crash has led to massive liquidations totaling more than $160 million, with bullish investors hardest hit, accounting for 93.9% of liquidations.
Yuri MolchanIn the midst of chaos, Raul Pal, a well-known personality in the cryptocurrency industry, revealed his strategy. Instead of panicking, Pal took advantage of the market decline and purchased digital art at prices he believed were significantly discounted. He said that he used his Ethereum reserves to purchase works by famous digital artists XCOPY and Beeple.
Beeple, whose real name is Mike Winkelman, is one of the most famous digital artists in the NFT field. XCOPY, another influential artist in the NFT community, is known for his distinctive, glitchy style and has gained a loyal following.
The return of NFTs?
Pal’s move is interesting in that he decided to take advantage of old stock market advice and “buy while blood runs in the streets.” No less intriguing is the fact that she chose to purchase NFTs. Despite the growth of the crypto market in recent months, NFTs and other digital art items are the sector that has grown the least and has fallen far behind.
Gamza KhanzadaevCan the current “purge” in the market shift focus to this particular segment of the market after sentiment turns bullish again? Is it possible that Pal’s stance on NFTs is an indicator that there are other major players in the crypto space who are also buying digital art right now?
