In the days leading up to the March 11 purchase by Yuga Labs of the intellectual property of Larva Labs’ Meebits collection, more than a dozen addresses on the Ethereum blockchain purchased a large number of non-replaceable tokens. The price floor, or the lowest price a seller is willing to accept, went down to 6,134 Ether, or about $15,800, on March 12, according to NFT Price Floor. That’s almost double two days earlier.
This post NFT’s run-up is rekindling chatter about pre-deal manipulation
was original published at “https://www.bloombergquint.com/onweb/nft-price-jump-before-deal-reignites-market-manipulation-chatter”