Billionaire investor and Shark Tank star Mark Cuban has successfully sold more than 14 NFTs worth over $38,500 despite a hacker gaining access to his Gmail account.
The 65-year-old investor recently auctioned off his Pudgy Penguins NFT #6239 for a whopping $30,000, according to records from one of his OpenSea wallets with the Ethereum Name Service (ENS) domain “markcuban.eth.”
Other notable NFTs that Cuban recently sold included pieces such as EulerBeats Genesis and DeepBlack NFTs to EtherIslands and Wrapped MoonCats, fetching prices ranging from $22 to $1846.
On June 24, Cuban also listed two more premium NFTs for sale, including his Dallas Mavericks-themed Proof of Culture NFT for 15 ETH, valued at $50,331, and BibleNFT called Deuteronomy 25:4, for an additional $16,777.
If these sales are finalized, Cuban stands to make over $100,000 in NFT sales within a span of just 2 days.
Meanwhile, OpenSea data indicates that Cuban’s wallet, which is one of two belonging to the Dallas Mavericks NBA franchise owner, currently holds about 1,600 items, with an estimated value of more than 1,900 ETH, or around $6.2 million.
Cuban’s latest NFT sales come after a security incident involving his Gmail account, which was compromised following a deceptive call on June 23. However, by June 25, Cuban had regained control of his account and publicly thanked Google’s team for their assistance in the recovery process.
Despite the hack and the sale of NFTs via Cuban’s wallet occurring on the same day, the connection between the two events remains unclear.
Since the NFT boom in 2021, Cuban has been a leading advocate for NFTs, making significant investments in projects and platforms such as CryptoSlam and Mintable.
Cuban remains bullish about NFTs, advising collectors to purchase out of love and not speculation. He also draws parallels between the initial challenges faced by now-thriving tech giants such as Amazon and Microsoft and the current state of the NFT market, suggesting similar potential for growth.
The sale of Cuban NFTs coincides with a significant downturn in the wider NFT market, reflecting a broader cooling off in enthusiasm and investment within this digital asset space.
According to data from CryptoSlam, the total volume of NFT sales in the last 30 days has dropped by over 48% to $485 million.
Cuban’s recent NFT sales could be seen as a reaction to current market conditions or as a calculated move within his larger investment portfolio.