Franklin NFT Trader Controversy: Understanding Market Manipulation & Impact

In the world of NFT trading, Franklin’s story has recently gained attention. With a series of tweets by the handle @web3bandit, Franklin’s trading journey and the ethical implications of his actions have come to light. Franklin’s trading practices have raised important questions about the ethical considerations in the NFT space, from fat-finger trading to market manipulation, agricultural exploitation and gambling. As the NFT community gathers for events such as #NFTNYC23 to discuss the future of the industry, it is crucial to reflect on the lessons learned from Franklin’s history and examine the ethical aspects of NFT trading.

Let us begin

Franklinhis trading journey is full of mistakes and questionable actions. He openly admits market manipulation with a deep apology “if it harms society”. He has been involved in Blur bidding, a technique used to manipulate floor prices on NFT pools, and has pumped a significant amount of ETH into online casinos that Roll bit and Dice2Win, even after the latter went down. Franklin’s actions raise several ethical concerns, including transparency, accountability, due diligence and the promotion of toxic behavior in the NFT trading scene.