Fidenza, an Ethereum Non-Fungible Token (NFT) generation project by artist Tyler Hobbs, has skyrocketed in popularity over the past few days, with one wallet earning nearly $1 million on eight Fidenzas. A series of back-to-back purchases were flagged Wednesday morning by Fidenza Bot, an automated Twitter bot that scans OpenSea for Fidenza sales.
Amazingly, within 12 minutes there were 3 of his transactions totaling 280.50 ETH (~$356,294) with an average price of 93.50 ETH (~$118,765). All his NFTs suddenly appeared to have been bought by the exact same wallet (808450) for a lot more than the previous sale. For example, Fidenza #459 was last sold on June 11, 2021 for 0.29 ETH or about $687. Fidenza #726 last sold for 1.2 Wrap Ether (WETH) (~$3,098) on June 14, 2021, and Fidenza #18 sold for 8.5 ETH (~$16,294) on July 15, 2021.
The transaction increased the project`s market cap to 90,609. 30 ETH (approximately $121 million) and raised the reserve price to 94 ETH (approximately $116,154). As a show of prosperity, three more of his NFTs were purchased from the same wallet within 17 minutes Thursday morning, each selling for at least 98 ETH (around $125,244).
Another NFT — Fidenza #136 — was transferred to wallet 808450 on Friday afternoon, leaving wealthy investors with eight Fidenza
NFTs totaling 689.95 ETH (about $910,271).
Separately, wallet 0x9B67e bought his Fidenza #4 on Thursday for 94 ETH ($124,268), putting 781.25 ETH (~$1.03 million) into the project in 48 hours.
So why the surge in interest in algorithm-based art projects? Twitter user Jollytime.eth linked a successful bond trader and former Houston Rockets owner, Leslie Alexander, in a series of tweets. We speculate that his NFTS may have been purchased by an investment that's why the surge in interest in algorithm-based art projects? Twitter user Jolly time. eth linked a successful bond trader and former Houston Rockets owner, Leslie Alexander, in a series of tweets.
