These might be fake trades, although Justin Sun did spend an outrageous amount for a silly rock. Justin Sun trying to help Tron gain attention, anything he does is a marketing move.
Justin is not alone, there are hundreds of buyers doing the same. And they are not "fake" trades because they are already recorded on the public blockchain, but I agree that it could be a marketing move of him.
If this was a message that anybody can create an image like a 5-year-old and sell it for big money, then I don't think it reached any target group
Of course not. Not every body is able to make huge money for a simple image, but the ones I mentioned in the post are all true ✔. And there is no messages here, I'm just sharing some news and thoughts with others...
Than you for stopping by
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There is too much washtrading with fake volumes in exchanges already. The expression from one pocket to another has a huge meaning within crypto.
This is common NFT tactic to boost sales and volumes. Unless of course someone performs blockchain analysis and has access to names connected with addresses. Some NFTs were found in 2020 to be pumping artificially with fake trades.This is how the NFT "craze" started, by whales wash trading at OpenSea.
When I called the trades fake of course I didn't mean the transactions didn't happen, that would be a huge and naive error.
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Ummm, you have a good point. There might be some nasty whales boosting sales and prices in order to gain the attention of naive newcomers. Not good for the long-term reputation of the NFT nitch and crypto in general.
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