Pudgy penguins on discount today…
ETH breaks ATH = NFTs dump
ETH dumps = NFTs forget to bounce back, lmao
Because of this we’re seeing a crazy liquidation wave coming within 24h:
~100 loans on BAYC (out of 250 total)
~200 loans on Pudgy (out of 650 total)
Today’s a rare opportunity day, but with the risk of catching a knife way lower…
Lately $ETH has been sucking up too much liquidity, leaving none for NFTs.
Perfect scenario right now would be ETH staying in the $4.4k–4.6k range.
I think (or wanna think) that this gets bought up and we’ll be kicking ourselves again for not grabbing Bluechips at 10–10.5e.
No risk no ferrari, nfa dyor.
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