5min chapter

Vaulted by PROOF cover image

100 PROOF Live | Top NFT Topics & Artist Spotlight: Derech

Vaulted by PROOF

CHAPTER

The Price of a Nuzuki

The price rallied from 14 and a half call it to 17 eath, which is one of the highest places that we've been. I think what ended up happening is it became extremely speculative because if the price goes down enough, you're going to get liquidated. There's 210,000 Azukis. It isn't that much, but at the margin, it is a lot,. If the, you know, so I, and we had the same thing with incentivized bidding is all these bid, these bid just got the price higher than people were used to. And then what ends up happening is those, those leverage, the guys who get them are the guys who are le

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