Greed Leads to Loss: Trader Rejects $2M Offer for NFT Bought at $600K

NFT marketplace Illustration of an NFT marketplace

Greed Leads to Loss: Trader Rejects $2M Offer for NFT Bought at $600K

In a regretful turn of events in 2021, a trader acquired a unique 1/1 NFT for a staggering $600K. Despite receiving a tempting offer of $2M just a few weeks later, the trader declined in hopes of fetching $10M instead.

Lessons Learned from the NFT Market

Unfortunately, the current highest bid on the NFT marketplace OpenSea stands at a mere $0.05. This serves as a poignant reminder that every market cycle teaches us valuable lessons, especially when it comes to making timely exits.

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