TechFlow reports, according to on-chain data, that 121G Fund, led by former Moonbirds COO Ryan Carson, sold off 27 Moonbirds on October 7 at an average price of 1.25 ETH. The fund had originally purchased these Moonbirds in July 2022 at an average price above 21 ETH, resulting in a total estimated loss exceeding 530 ETH.
In addition, on the same day, 121G Fund also liquidated several low-value NFTs, including 16 Tableland Rigs, 28 Ledger Makert Passes, and 16 Mythics Eggs.
After completing the sales, 121G Fund withdrew 39.75 ETH from Blur, then placed a 44 ETH bid on CryptoPunk 7840.
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