Some people think that these numbers “8” have the shadow of Chinese investors, but this is not necessarily the case.
Original title: ” Why are Ethereum NFT whales obsessed with the number 8? 》
Written by: Ekin Genç
Translation: Yu Shunsui
Summary:
Some of the most expensive NFT prices include the number 8.
One argument is that Chinese people are very interested in NFT recently, and 8 is considered a lucky number in Chinese culture. However, the evidence to support this theory is insufficient.
Recently, CryptoPunk #8888 was sold at a price of 888.8 ETH, and an EtherRock was sold at a price of 888 ETH. 64 CryptoPunks are priced at 888 ETH, and Meitu co-founder and chairman Cai Wensheng bought CryptoPunk # 8236. What is so special about the number “8”?
One theory is that Chinese whales are tempted by this magical number. In Chinese culture, the number 8, or eight, is pronounced like “fa”, meaning “wealth” and “prosperity.” Other numbers are also favored by Chinese people, such as 1314 for “forever” and 520 for “I love you.”
A Chinese investor told Decrypt that NFTs associated with (these) numbers may attract (Chinese whales) bids, and they hope to give these NFTs to their important people.
The investor, who asked not to be named, said that wealthy Chinese investors are snapping up NFTs more and more frequently.
He shared a screenshot of a WeChat group dedicated to CryptoPunk holders, and said that in the past two weeks, the number of the Chinese group has increased from 20 to more than 100.
Source: Screenshot of WeChat group, Decrypt has not confirmed its authenticity
The increase in the number of group members indicates that the reputation of NFT among the wealthy in China is rising. The investor said, “They have wealthy and powerful friends who may mention Punks when drinking and eating, while promoting things like Metaverse.”
The investor stated that Feng Bo, another Chinese businessman and the managing partner of Dragonfly Capital, used the CryptoPunk avatar on WeChat. There are rumors that Alibaba co-founder Joe Tsai also owns a CryptoPunk, but there is currently no strong evidence to prove this.
But the supporting data is “slim”, and there are not many other data to support the theory that Chinese investors are attracted to the market by special numbers.
Alex Svanevik, CEO of data analysis company Nansen, said that blockchain records show that Asia is the most active continent for crypto transactions, but he has not studied the trading hours of the NFT market.
Some statistics show that it is not just investors from China who are interested in this magic number. The wallet that purchases EtherRock at the price of 888 ETH records the transaction time of European traders, not the transaction time of Chinese traders.
Although the trading hours of CryptoPunk#8888 buyers are synchronized with China, an anonymous investor who claims to be the buyer said that he is not an Asian but just likes the number 8, “because it looks like a snowman.”
In the absence of specific data, the invisible hand of the market will surely reveal the truth soon.
Source link: www.odaily.com
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