NFT market top signal? Fake Banksy nets over $1 million in ETH sales

NFT market top signal? Fake Banksy nets over $1 million in ETH sales


As the cryptoTwitter community debates the fair value of Cryptopunks and other NFTs rising to sky-high valuations, there’s at least one clear sign of the digital collectibles market growing irrational: an individual posing as Banksy, perhaps the most famous living artist, has netted over $1 million in ETH in NFT sales. 

Starting on Sunday, Feb 14, frequent browsers of the NFT marketplaces Opensea and Rarible noticed an account named “Pest Supply” with branding and NFTs made in Banksy’s signature graffiti-stencil style. Many were quick to jump in, given the ‘real’ Banksy’s habit for pop-up installations:

I either just blew $750 or got the deal of lifetime on a Banksy… we shall see.https://t.co/YSMULcspgY? #rarible #ethereum #nonfungible #digitalasset #nft via @rariblecom

— OnTheBrink (@Brinkster0x) February 19, 2021

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Wallet profiler Nansen shows that the individual’s listed address first became active February 13, and was most active yesterday, Febuary 19. Before Opensea wiped much of the account history and disabled further sales,

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