As the NFT market continues to grow, such transactions are likely to become more common. These NFTs are created on the Solana blockchain, which is known for its speed and scalability. Solana blockchain is expected to play a vital role in the future of NFT trading due to its speed and scalability.
### User Earns $108 After Selling 21.26 Million GOAT NFTs on Solana Blockchain
A recent report by Lookonchain, a blockchain monitoring platform, reveals an interesting NFT transaction on the Solana blockchain. On October 18, a user managed to sell 21.26 million GOAT NFTs for $408, which had a current value of $8.9 million.
The user initially spent 2.07 SOL ($108) to purchase these NFTs but managed to sell them for just 2.8 SOL ($108), making a profit of 0.7 SOL ($108). Solana NFTs have gained immense popularity among NFT collectors due to their affordability and ease of transfer. The recent transaction involving GOAT NFTs has added to the buzz surrounding NFT trading on the Solana blockchain.
It has also raised questions about the speculative nature of NFT trading and the role of blockchain technology in facilitating such transactions. The Lookonchain report highlights that the user has not made any recent transactions after the price surge of GOAT NFTs. The user’s decision to sell such a large number of GOAT NFTs for such a low price has been a topic of discussion among NFT enthusiasts and blockchain experts.
GOAT NFTs are part of a unique NFT collection that features goat images.
