5min chapter

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100 Proof: Next Project Alpha with Erick Calderon/Snowfro of Chromie Squiggles

Vaulted by PROOF

CHAPTER

Board Apes - What's Going on Over Here?

There are 270 active board ape yacht club loansa. There are 301 mutinape loans that are active. And it looks like, you know, this being a crazy bear market, that some of them are actually coming up and have the potential defaulting. They'll be called on that which means they transfer into an actual auction. If if it trades below a certain price and the actual loan is being called, then t it kicks off an auction. This could create a cascade of sales a that happen a from these,you know, over 500 nfts. Which is, it's crazy. But i don't think it's that big a deal. It's just leverage being corrected.

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