- 1 The markcuban.eth address has sold 12 NFT in the last two days, totaling over 11.43 ETH.
- 2 Mark Cuban has over 1.6k NFT in his collection worth around 1900 ETH
- 3 Mark Cuban reported that his Gmail was hacked after receiving a fraudulent call on June 23rd
Mark Cuban has been one of the most prominent vocal supporters of the NFT. He has invested in various NFT startups and advocated for their adoption.
The Shark Tank billionaire currently has over 1.6k collections worth more than 1900 ETH.
Mark Cuban To Sell Over $100,000 Worth Of NFT
Mark Cuban was spotted selling his NFT after two years of inactivity. On June 23rd, “markcuban.eth started to sell his NFT collection. The sold collection included EulerBeats, Genesis, DeepBlack NFTs to Pudgy Penguins, and Wrapped MoonCats. The Pudgy Penguin collection of the Cuban was worth around $30000. The rest of the collection was sold in the range of $22 to $1800.
Source: Opensea
The billionaire has also listed Wrapped Moon Cats #3096 and Doggy #9782 and has received the best offer of 0.2WETH. Apart from the sales, he plans to sell his two high-value NFTs in the wallet. The billionaire listed his NFT #MFFL for 15 Ether worth around $50,000. In addition, Cuban also listed a BibleNFT piece called Deuteronomy 25:4 for 5 ETH.
Is The Gmail Hack Of Mark Cuban Behind The NFT Sell?
Mark Cuban’s NFT sale comes amid a recent security incident involving his Gmail hack through a fraudulent call. On June 23rd, Mark claimed on X that his Gmail account was compromised.
The American investor shared in a post that an individual identifying as “Noah” stated that Cuban had been targeted by an intruder who had manipulated Google’s recovery processes. Cuban mentioned, “Anything received from [email protected] after 3:30 pm PST is not from me.”
On June 25, the Billionaire let his followers know that he recovered the account and thanked the Google team through X.
A thank you to @google for your help in getting my account back. Truly appreciate all you did.
— Mark Cuban (@mcuban) June 24, 2024
Mark Cuban Wallet began selling his NFTs on the same day as the hack. It is still unclear whether these two incidents are related. He has also not made any public posts regarding selling his NFT.
In 2023, one of the Mark Cuban wallets was drained for $870000, which included USD coin, Tether, and stETH.
Conclusion
The NFT market has slumped to the lows of 2021. Recent data from Dune indicated that Ethereum had 56,914 unique buyers in May, the lowest since 2021. Amid this market turmoil, it is not surprising that the proponents of NFT, like Mark Cuban, are selling their collections. It would be interesting to see if the world will embrace the NFT again or not.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
