Hundreds of NFTs Moved From Three Arrows Fund, Tracker Says
- Three Arrows founders set a NFT fund Starry Night last year
- The value of the fund’s NFTs has come down significantly
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More than 300 NFTs were moved out of a crypto address associated with Starry Night Capital, a NFT-focused fund launched by the co-founders of the now-bankrupt crypto hedge fund Three Arrows Capital.
It’s the first time the NFTs have been transferred since the main crypto wallet belonging to Starry Night Capital shifted almost all of digital tokens to a new address about four months ago. Blockchain data firm Nansen tweeted on Tuesday that some of the NFTs that moved include “Pepe the Frog NFT Genesis,” which was sold for 1,000 Ether, or about $3.5 million, on Oct 5, 2021. Ether has since dropped about 62%.