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Fidenza, an Ethereum NFT project created by artist Tyler Hobbs has recorded a spike over the past few days, with one wallet purchasing eight Fidenzas quickly for nearly $1 million.
A series of back-and-forth purchases were recorded by Fidenza Bot, a Twitter bot that automatically scans OpenSea for Fidenza sales. Notably, there were three transactions within 12 minutes, totaling 280.50 ETH (about $356,294) with an average price of 93.50 ETH (about $118,765).
All NFTs were purchased with the same wallet – 808450 – and were much higher than their previous sales. For example, Fidenza #459 last sold for 0.29 ETH, or about $687, on June 11, 2021. Fidenza #726 last went on sale on June 14, 2021, for $1,200 (WETH) (approximately $3,098), and Fidenza #18 went on sale on July 15, 2021, for 8.5 ETH (approximately $16,294).
There were 3 sales in the last 12 minutes:
Fidenza #459, 97.50 ETH ($131,918)
Fidenza #18, 95.00 ETH ($128,535)
Fidenza #726, 88.00 ETH ($119,064)#fidenza https://t.co/eNCh6PrwRV pic.twitter.com/lsJlgXVuWS— Fidenza (Bot) (@ab_fidenza_bot) September 21, 2022
The transactions increased the project’s Market Cap to 90,609.30 ETH (approximately $121 million) and helped increase its floor price to 94 ETH (approximately $116,154).
What’s more, three other NFTs were purchased by the same wallet within 17 minutes on Thursday morning, each selling for at least 98 ETH (about $125,244).
There were 4 sales in the last 17 minutes:
Fidenza #946, 99.00 ETH ($126,522)
Fidenza #604, 98.00 ETH ($125,244)
Fidenza #196, 104.75 ETH ($133,871)
Fidenza #12, 100.00 ETH ($127,800)#fidenza https://t.co/eNCh6Ps4Ht pic.twitter.com/Q3IUnBBawX— Fidenza (Bot) (@ab_fidenza_bot) September 22, 2022
Another NFT – Fidenza#136 was transferred to wallet 808450 on Friday afternoon, leaving investors eight Fidenza NFTs with a total value of 689.95 ETH ( approximately $910,271).
In particular, 0x9B67e bought Fidenza #4 for 94 ETH ($124,268) on Thursday, contributing 781.25 ETH (about $1.03 million) to the project over a 48-hour period. So, what led to the sudden increase in interest in this art project? It’s unclear, though Twitter user Jollytime.eth speculated in a series of tweets that the NFTs may have been purchased by an investment firm affiliated with Leslie Alexander, a bond trader and former owner of the Houston Rockets.
"Who's buying?" always runs through my head when I see these types of sweeps, so I dug in a bit. Prepare for some rampant speculation… https://t.co/E8TYtdv9I9
— Jollytime.eth (@Jollytime345) September 21, 2022
The post also noted that Daryl Morey, former general manager of the Houston Rockets is a crypto and NFT advocate and spoke in June 2021 about his ability to spot trends. Neither Alexander’s nor Morey’s ceas investments could be reached for comment.
At the time of writing, the total volume of the project is 51.5 thousand ETH, or about $68.2 million. Notably, Art Blocks, the Ethereum-based NFT creation platform behind Fidenza, now ranks above other popular NFT collections including Doodles and CryptoPunks in terms of sales volume.
In August 2021, Fidenza #13 sold for 1,000 ETH, or about $3.3 million – the highest Art Blocks sale to date.
See also: Apple allows nft sales in apps but only 30% commission fee
