Snoop Dogg Turns Out To Be An Ethereum NFT Whale

Ethereum has been making lots of headlines, especially since the platform received essential upgrades.

The whole crypto market has seen significant corrections lately, but important investors and traders have been buying the dip and accumulating ETH and other essential coins.

At the moment of writing this article, ETH is trading in the red and the digital asset is priced at $2,948.94.

Now, ETH is making headlines again, and this time it’s thanks to rapper Snoop Dogg.

Decrypt online publication noted just recently that Snoop Dogg has already made waves in the NFT space.

This happened when he launched his own branded collectibles this spring, as well as a collaboration with the creator of the popular meme, Nyan Cat.

On the other hand, his latest move is truly unexpected: he claims to be the real person behind a pseudonymous crypto Twitter personality – this is one that has spent millions of dollars acquiring a very valuable collection of blue-chip Ethereum NFTs.

A couple of days ago, Snoop Dogg shared a tweet saying that he is Cozomo de’ Medici.

This is a pseudonymous NFT collector that joined Twitter in August.

He’s has been tweeting steadily through his NFT journey in recent weeks, and he has been addressing the large sums of money spent on popular NFT collections.

Anyway, check out his tweet below.

I am @CozomoMedici

— Snoop Dogg (@SnoopDogg) September 20, 2021

The same online publication mentioned above notes that Snoop seems to have a really valuable NFT collection. His wallet has over $17 million worth of collectible within, notes DappRadar’s portfolio estimate tool.

Despite the massive market volatility and the latest corrections that the market has been seeing, there are all kinds of optimistic crypto predictions popping up in the crypto space, and they also include ETH.

Popular crypto trader and analyst Lark Davis notes that ETH gets ready to appreciate to above $10k on some important fundamental factors.

He said that one of the reasons for which ETH will more than double its price is the falling supply in exchanges.

Stay tuned for more news, and make sure to keep your eyes peeled on the crypto market to see where current prices are going.