NFTs
Marc Cuban’s crypto wallet awakens with NFT sales
After almost two years of inactivity, a crypto wallet associated with billionaire Marc Cuban has started selling again non-fungible tokens (NFTs). Marco Cubano is a big personality in the NFT spacewhich further aggravates the seriousness of its sale.
On June 23, the wallet identified by the Ethereum Name Service (ENS) domain “markcuban.eth” started downloading several NFTs, including EulerBeats Genesis, DeepBlack, Pudgy Penguins and Wrapped MoonCats. The wallet’s previous transaction occurred on January 13, 2022, when a Roc Aero Pitch Deck NFT was sold for $33.73.
Over the past two days, Cuban’s wallet has sold 14 NFTs, totaling approximately $38,533. The most valuable sale was Pudgy Penguin #6239, priced at 9.06 Wrapped Ether (WETH), equivalent to US$30,578. Other NFTs sold ranged from $22 to $1,800 in value.
High-value sales potential
Two additional high-value NFTs remain listed in the wallet. An NFT #MFFL hashtag costs 15 Ether (ETH), worth over $50,000, while a BibleNFT article titled Deuteronomy 25:4 is listed for 5 ETH (about $16,000). If sold, these transactions would take total portfolio sales beyond $100,000.
Interestingly, this NFT sell-off coincides with a recent security breach reported by Cuban. On June 23, the 65-year-old investor claimed his Gmail account was compromised following a fraudulent call. Cuban warned his followers about possible unauthorized emails from his account. Two days later, he announced the successful recovery of his account, publicly thanking the Google team.
A thank you to @Google for your help in recovering my account. I really appreciate everything you’ve done.
-Mark Cubano (@mcuban) June 24, 2024
Although NFT sales occurred on the same day as the reported hack, it remains unclear whether the two events are connected. This is not the first time that Cuban crypto assets have faced security problems.
Who is Mark Cuban?
Mark Cuban is a prominent American businessman, investor and media owner. Born in 1958 in Pittsburgh, Pennsylvania, Cuban rose to prominence in the business world during the dot-com boom of the late 1990s. He co-founded Broadcast.com, an Internet radio company, which was later acquired by Yahoo! for US$5.7 billion in 1999.
Following his success with Broadcast.com, Cuban diversified his investments and business interests. He is the owner of the NBA’s Dallas Mavericks, which he purchased in 2000, and has since turned the team into a successful franchise. Cuban is also known for his role as one of the “shark” investors on the popular TV show “Shark Tank,” where he evaluates and invests in startup companies.