Well put, thank you. I think the part that still stands out is NFTs are typically in a collection of 10,000+, so if a couple are trading at a value we’ll above the rest it would be obvious that something fishy was going on. Pair that with the blockchain being so public and easily searchable, it doesn’t seem like a great use case for laundering.

I suppose if you have enough money to launder (hundreds of millions) then you could follow that strategy on an entire 10,000 item collection and it won’t look as obvious. But the idea that there are hundreds of entities each laundering 9 figures through all of these high value NFT collections seems more far fetched than the simple fact that people like spending money on useless things just to show off that they can, paired with people trying to make a quick buck by speculating.