A cryptocurrency wallet linked to “Shark Tank” investor Mark Cuban has started selling non-fungible tokens (NFTs) after being inactive for nearly two years.
The crypto wallet linked to Cuban has an Ethereum Name Service (ENS) domain dubbed “markcuban.eth.” Onchain data shows heightened activity around this wallet as it dumps NFTs.
Mark Cuban Sells NFTs
The NFTs sold by this wallet address include EulerBeats Genesis and DeepBlack NFTs. He also sold Pudgy Penguins and Wrapped MoonCats.
Before the recent sale, this wallet address had remained dominant. It last sold NFTs in January 2022. At the time, Cuban sold a Roc Aero Pitch Deck NFT at $33.73.
Cuban has been on a selling spree, having sold 14 NFTs worth over $38,000 in the last two days. His most expensive sale was the Pudgy Penguin NFT or #6239. The NFT was listed at 9.06 WETH, worth around $30,578, according to data from OpenSea.
The other NFTs Cuban has also sold recently were of lower value, with their prices ranging between $22 and $1,800.
Cuban plans to sell additional NFTs, including the Hashtag NFT #MFFL, for 15ETH, worth more than $50,000. Plans are also underway to list the BibleNFT for 5ETH, worth around $16,000.
If Cuban completes the sale of the listed NFTs, he will have made around $100,000, marking the billionaire’s highest level of activity in the NFT space.
Cuban Suffers Account Hack
These NFTs were sold shortly after Cuban suffered a hack in his Gmail account.
The billionaire noted that his Gmail account was hacked around the same time he received a malicious call, which resulted in the hack.
Cuban has yet to confirm whether the recent sale is associated with these NFTs despite recovering the account.
However, he warned people against being duped by the threat actors who accessed his Gmail account.
The investor has previously been the victim of the rising hacking attacks in the crypto industry. Last year, one of the wallets belonging to Cuban saw around $870,000 worth of crypto assets stolen.
Cuban’s Presence In The Crypto Industry
Cuban has been championing the growth of the US cryptocurrency industry. He recently urged the US President, Joe Biden, to become more supportive of the crypto sector and attract crypto voters.
He has also urged the US President, Joe Biden, to choose between the US Securities and Exchange Commission (SEC) and crypto voters.
Cuban further noted that the SEC Chair, Gary Gensler, had made it challenging for crypto firms to operate.
“I have said many times that Biden has to choose between Gensler or crypto voters, or it could cost him the White House,” Cuban said.
Cuban has also accused the SEC of failing to formulate clear rules for the cryptocurrency industry.
Last year, he noted that regulatory uncertainty made it nearly impossible to differentiate between a security and a commodity in the crypto space.
