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Why a BAYC Holder Deleted Their Twitter Account

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On April 19th, it was reported that Franklin, a well-known BAYC holder, has deleted his Twitter account. Franklin sold off a large amount of BAYC on April 13th. Franklin previously

Why a BAYC Holder Deleted Their Twitter Account

On April 19th, it was reported that Franklin, a well-known BAYC holder, has deleted his Twitter account. Franklin sold off a large amount of BAYC on April 13th. Franklin previously tweeted and explained that he had been cheated of nearly 2000 ETHs in a previous investment and lost 650 ETHs in the Rollbit project investment. Franklin advises everyone not to gamble and not to send any unsecured ETHs.

NFT whale holder Franklin has deleted his Twitter account

Introduction

On April 19th, it was reported that Franklin, a prominent holder of Bored Ape Yacht Club (BAYC) NFTs, had deleted his Twitter account. This came as a surprise to many in the crypto community as Franklin was known for his active participation in discussions revolving around blockchain, NFTs, and various cryptocurrencies.

Franklin’s Decision

After much speculation, it was discovered that Franklin had sold off a considerable amount of his BAYC holdings on April 13th. Many were curious as to why a staunch supporter and holder of BAYC would suddenly sell his NFTs. It was revealed that Franklin had suffered significant losses in a previous investment where he was cheated out of nearly 2000 ETHs. Additionally, he had lost 650 ETHs in another investment concerning the Rollbit project. These losses prompted Franklin to advise his followers against gambling and to never send any unsecured ETHs.

The Aftermath

Franklin’s decision to sell his BAYC holdings and delete his Twitter account raises several questions about the future of NFTs and their perceived value. Being a notable NFT holder, it was expected that Franklin would hold on to his BAYC NFTs, specifically considering the club’s recent success in becoming one of the most prestigious and sought-after collections in the market.
Moreover, Franklin’s decision suggests a broader problem in the crypto sphere, particularly when it comes to investments and the risks involved. Although crypto has made many people rich, it has also seen its fair share of scams and fraudulent activities, leaving many investors in significant debt. Therefore, it is crucial for investors to do due diligence before investing in any new project.

Conclusion

In conclusion, Franklin’s decision to delete his Twitter account and sell off his BAYC holdings has left the crypto community in disarray, raising questions about the authenticity and relevance of NFTs. However, it serves as a reminder for investors to be cautious when it comes to investing in high-risk assets and ensuring adequate research is conducted before making any significant financial decision.

FAQ

Q: Why did Franklin sell his BAYC Holdings?
A: Franklin sold his holdings due to significant losses incurred in previous investments.
Q: What is the significance of Franklin’s decision?
A: His decision raises questions about the future of NFTs and their value.
Q: What is the essential takeaway from Franklin’s story?
A: It is crucial for investors to do their due diligence before investing in any project.

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