[jaclaz]

The article seems to miss one (IMHO) important detail, are the 290,000 £ made out of 290,000 1 £ each "sales" or of 29 10,000 £ each?

Or what?

The collection is of 3,350 whales, according to this other source:

https://www.cnbc.com/2021/08/25/12-year-old-coder-made-6-fig...

the collection was sold in 9 hours for 255,000 US$, that makes a whale sold for around 76 US$ apiece?

EDIT:

Another question being:

>He then earned an additional 30 ether, worth over $95,000, from the resale market, since Ahmed earns a 2.5% royalty on each secondary sale.

30 ether (so we remain in this realm) corresponds to 2.5%, it should mean that secondary sales were worth 1,200 ethers.

What?

[lotsofpulp]

> the collection was sold in 9 hours for 255,000 US$, that makes a whale sold for around 76 US$ apiece?

According to the CNBC article, it was sold for 80 ether. Big and important difference than being sold for $255k.

[jaclaz]

Not really, you can use any real (fiat) or virtual (cryptocoin) unit you want, conversion at a given time is always possible, my question was whether the "collection" was sold as a whole (be it 80 Ether or US $ 255,000 or whatever) and bought by a single buyer, or if each whale was sold separately (and then we would have 3,350 buyers) or what?

[lotsofpulp]

It is a notable distinction when the currency’s volatility looks like this:

https://www.tradingview.com/symbols/ETHUSD/

Also, important distinction because this could easily be the dad and kids moving ethereum around between their own accounts.

Saying it was sold for $255k conveys a much stronger probability of it not being fake or a fraud than saying it was sold for 80 ether.

[jaclaz]

Ok, if you like it better, "sold for an amount of around 80 Ether valued at the time of the transaction around US $ 255,000 (but the virtual currency is characterized by a high volatility)".

But this doesn't change the question, was it a single buyer, 3,350, or what?

BTW, if the sale happened within 9 hours it smells fishy anyway (to me).

[lotsofpulp]

I agree it is fishy, that is why I was nitpicking about it selling for ether and not USD.

I do not have any interest in figuring out if it was lots of buyers or 1 buyer, so I cannot address that.

[rualca]

> the collection was sold in 9 hours for 255,000 US$, that makes a whale sold for around 76 US$ apiece?

That's an interesting point. It would be interesting to trace those payments to hear back from these customers, or even check if they actually exist at all.