It has been a cold February in the NFT space
📉 Bayc fell from 100 to 80
📉 Mayc fell from 20 to 15
Meanwhile unrevealed @3landersNFT is at the top of the charts
What is happening?
And is it all because of Creepz?
When $looks was released last month, it soaked up 60% of the daily NFT sales volume
We now know why:
1️⃣ @LooksRareNFT was paying traders in $looks to trade
2️⃣ Wash trading. Buying and selling a 0 ETH asset to rake $looks
3️⃣ Feb 15 payouts were cut to reduce washing
🦎 During this same stretch @CBCreepz launched
It’s a P2E based around $loomi
✅ PFPs
✅ Armoury (that earns $loomi)
✅ Megas & Shapeshifters (that steal $loomi)
In early Feb the FP of a PFP rose to 6 ETH in the span of 2 weeks
The price of $loomi was trading at $.57 then $.07 then $.01 Traders were treating $loomi as passive income, because, well, it was, until it wasn’t The plan all along was for @CBCreepz to be a game, with Season 1 starting in February, and without a massive LP shock
Seeing the unintended consequences of early success, @CBCreepz pivoted
Their messaging became more direct:
✅ If you play the game you win
✅ Points get you a more rare ID PFP
✅ Spin daily for raffles of 1ETH+
✅ We’re starting @Creepz_DAO
@CBCreepz floor has been swept.
There are 11.1k Genesis PFPs, owned by just 4.5k wallets, majority of which are Staked.
FPs on Armoury, Shapeshifters & Megas are all “buy the dip”
And more than 400 million $loomi has been burnt
What does all this mean? 🤷♂️
But it’s not advice
#CreepzStrongerTogether