15 year hodl whale sold a nearly zero cost basis Bitcoin stack for a $9.5 Billion profit. Ct: “can’t believe he capitulated right at the start of the bull market”

What really needs to be fixed for crypto to be taken seriously is the transparency. At least in the public markets when you’re an insider, you have to make filings when you’re selling shares. In crypto you have major funds pumping and dumping token allos without any disclosures.

@Gfunkera86 tried to sneak this auction through without anyone ever finding out. Then claimed that all the ETH would be used to reward the community. After which he took the ETH raised, sent it to a Bybit account, and dumpstered it all leverage trading. Now @pixelvault_ is broke and closing up shop. Some of CT may remember that these Punks were fractionalized and owned by the $PUNKS holders ($PUNKS were acquired by staking Punks Comic 1). How did PV and GFunk get ahold of 87% of the $PUNKS supply? Well they convinced everyone to trade in their tokens to get $GG claiming it would power @rebootgg_, @PlayBattlePlan and the rest of their ecosystem as well as every other game that used Reboot. As it turned out, $GG only had a use for about two months until the team decided to shut down season 1 of Battle Plan (after promising a Cyber Truck, other huge rewards and after many players had spent significant money to try and climb the leaderboard). They spent the next 1.5 years claiming Battle Plan would come back and that $GG still had value. Well it turns out both of those were fabrications. Tl,Dr: Founder psyops community into trading in their fractionalized punks tokens for $GG, founder then never delivers any real utility for $GG, founder then uses his newly acquired fractional punks tokens to sell those Punks while promising to use the proceeds for rewards, founder takes the money earned from those Punks and degens it all away on perps, founder's company announces closure, and finally founder disappears in the dead of night leaving his community holding the rug. @Gfunkera86 spent the last year telling everyone how bad an actor @beaniemaxi is and that he was gaslighting everyone. Turns out everyone owes Beanie an apology. Hopefully Funk is never accepted in this space again.

A whopping $3.57 in rewards per creator.

To the @pixelvault_ Community: The accusations against Gfunk are troublesome. The Pixel Vault family has worked tirelessly to foster an atmosphere of community and trust and allegations like this undermine that trust. TLDR: Gfunk will no longer be affiliated with Pixel Vault.

All you had to do was make comics.

Pumpfun will make you work for the airdrop. People expecting free tokens for past activity will be disappointed.

This is not a serious industry.

Last week it was Magic Eden with multiple layoffs. This week it’s Doodles. Pixel Vault closed. The NFT industry is reaching a bottom. Only Pudgy Penguins is really notable. Although others are still trying hard. And most just slipped away. Bubble popped, and it’s still deflating.