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The Azuki team ran away with 20,000 ETH, but the NFT market lost 200,000 ETH in liquidity.
Loopy Lu
读者
2023-07-03 11:28
This article is about 327 words, reading the full article takes about 1 minutes
Other blue chip Holder: Did we hire you?

With the continued fermentation of the Azuki incident, community complaints have been heard, and many long-term holders have sold, dumped, and fled, further trampling on market sentiment. People are once again discussing the stagnation and lack of innovation in PFP NFTs. While the Azuki series of works have plummeted, other NFT prices have not been spared, and the total market value of NFTs has also rapidly declined in a few days.

NFTGO data shows that before the release of the Azuki Elementals series (on the evening of June 28th), the total market value of the NFT market was about 347.4 thousand ETH. As of now, the total market value of the NFT market is 331.8 thousand ETH. Yesterday, the lowest total market value even fell to 323.2 thousand ETH, a decrease of 7% in ETH terms compared to before the crash, or a 6.5% decrease in USD terms.

This time, the Azuki team took away 20,000 ETH from the community by selling rough images, but their actions drained 200,000 ETH of liquidity from the entire market.

So, since the "Azuki crash," how have major blue-chip NFT series performed? Who has been most affected and whose prices are relatively resilient? The following charts are produced by Odaily:

ETH
NFT
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