Adding even more pressure to the CryptoPunks market are the tons of loans on Gondi at 37 ETH that...
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The CryptoPunks NFT market faces potential downward pressure next week as 300 CryptoPunks loans on Gondi, taken at 37 ETH, are coming due. Many borrowers may choose not to repay, leading to liquidations that could flood the market and depress prices. This situation suggests a potential short-term bearish outlook for CryptoPunks as supply may increase.
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About Beanie
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By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.