A wallet paid 1,055 Wrapped Ethereum (WETH) for a CrypToadz non-fungible token (NFT) that was worth 0.950 Ethereum (ETH) two weeks ago. Is it just a mistake or a fraud?

While some claim that the NFTs are dead, one person made a 1,000x return on their CrypToadz #4030 NFT. According to the collection’s OpenSea page:

“CrypToadz are a collection 6969 small amphibious creatures trying to escape the tyrannical rule of the Evil King.”

Possible Reasons Behind CrypToadz NFT Sale

OpenSea data shows that a wallet, 0xe1a0, purchased the CrypToadz #4030 NFT for 1,055 WETH (around $1.4 million) on Oct. 9. The deal came to the community’s attention because the average price of that particular NFT remained around 0.95 ETH. But 0xe1a0 paid over 1,000 times more than the average price.

The wallet also paid around $41,500 in fees to the NFT marketplace OpenSea. 

Read more: Top 9 OpenSea Alternatives in 2023

Some community members are speculating that there is a good chance that the deal was a wash trade. Previously, BeInCrypto explained: 

“Wash trading is a form of market manipulation where an entity buys and sells the same asset simultaneously. This deceptiv

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Author: Harsh Notariya

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