
Gondi is highlighted as an NFT sales platform, not a genuine loan platform, with 150 CryptoPunks loans now below liquidation value. The author suggests insufficient market liquidity to sell this many CryptoPunks, implying that some leveraged FOMO with "fake loans." Investors should be cautious about the true nature of "loan" platforms in the NFT space and the liquidity risks associated with large NFT holdings.

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.