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I remember when I told my friend to buy BAYC at $300k floor price, I'm happy he didnt listen to me
— Maison Ghost (@MaisonGhost) July 3, 2023
Not just Apes
There is a lot of tension in the NFT space right now. Let's try to diagnose some of the problems.
The single largest source of tension in the NFT space arises from people misunderstanding the dynamics between collecting scarce digital objects that are intrinsically valuable and…
— Leonidas.og (@LeonidasNFT) July 2, 2023
“Fuel to the flames”
We just had a "Black Weekend" for NFTs.
Floor prices for BAYC, MAYC, Azuki, Memeland Captainz and other PFPs fell 30 – 60%, accelerating over the weekend.
What caused all of the panic selling?
It all started with the Azuki Elementals mint.
The Azuki community spent $38M to… pic.twitter.com/AQp1tslNFJ
— Teng Yan ⛩ (@0xPrismatic) July 3, 2023