AVAX Lore Dump Week 10
"It's so over" Edition
What a week! If we can peak behind the curtain a bit, I’m starting to write this article on MONDAY! Thanks to everyone who made sure the drama happened early in the week. Surely nothing else will happen before Friday, right?? Editor’s Note: We did get a few small stories late in the week. Nice effort team! Continue creating drama pls.
Blaze Launched (Finally)
My days of milking the Blaze launch for content are finally over, although unfortunately for me the launch was fairly anti-climactic. Of course price spiked up a tiny bit and then went down after, but I think at peak it was less than a 2x from launch price. As of writing, presalers still have marginal profits.
So why didn’t this go up 100x then drop like all the other presales? I suspect it’s because pretty much everyone who wanted the token had already sized in via the presale. There was some buy demand on launch, although it was tough to move the large LP. People are mostly happy to sit on their presale bags for now. Overall this seems like a sustainable way to launch a token, and I don’t have many complaints.
One thing that I found hilarious was that they didn’t announce the token on twitter until 45 minutes after it went live. I guess they were distracted by the fact that they have 28 different twitter accounts to post updates from? I’d find that hard to manage as well!
As far as I can tell, they haven’t tweeted anything else since launch which is a bold strategy. I suppose they’re relying on their core supporters to hold strong while they let the product do the talking? This is much less effective without a product though! We also don’t have any communications as to when the streaming platform will actually release other than “soon.” Overall, things are looking a bit murky and it seems like people will be getting restless soon unless more clarity is given.
Market Explodes (In a Bad Way)
Crypto had the largest flash crash in its short (we’re so early) history this week. AVAX is down 30% since the last article and that has sent shockwaves around the ecosystem. Resident village idiot Jony Sarker was caught selling pretty much every token he owns in order to keep his long positions afloat.
Spoiler alert, he got liquidated anyway! Uh oh! To be clear I have no issue with selling. You can and should sell your tokens—that’s what they’re for. Just bringing up fun current events!
AVAX itself wicked down to $8 on some places, and savvy chain users were able to catch some absolutely diabolical arbitrage opportunities.
Overall things have been hovering in the $20-22 range since the crash. We’re beginning to come to terms with the fact that we’re poorer than we were a week ago. That’s ok! We’re rich in friendship!
Routescan Intern Crashes Out
I’ve never been a fan of Routescan since they forced me to update all of my autocompletes from snowtrace→snowscan, but this was a funny story.
Apparently they were 4 days late to pay their social media intern his $300/month salary so the intern went on an absolute rampage on twitter. That sounds like satire but these are the actual numbers. You love to see it!
Man’s talking like he just blew the whistle on a secret military program and is about to be executed. Honestly just good stuff.
I don’t want to take the side of the shitty corporation who’s failing to pay their workers on time, but maybe let’s pump the breaks a bit and not refer to ourselves as the “main character” after a late 10 AVAX payment. Oops, it’s 15 AVAX now!
Moonbags’ 7 Day Hype Posting Hiatus Ends
(One Week Later)
Still don’t really know what this app does, but I’ll try anything once. Anything.
ID Dumps Nochill
I won’t pretend to understand why this IntegrityDAO stuff became a thing, but I can appreciate the content. My personal stance is that if you’re going to send someone tokens, you can’t be mad at them for selling them.
But alas, ID clipped out of it’s Nochill for some reason this week and the Nochill hivemind quickly raged at them for doing so.
Have no fear! The sell only lasted 2 hours. Just doing some movement in their bags you homos.
CEO also chimed in to take a victory lap, saying how smart he was to not give any BOI to the ID treasury.
Yeah, we wouldn’t want to disturb the chart!
That’s all I’ve got for this week! Nice little week of drama we had here. Let’s keep it up. Next week maybe a big story can be price pumping 30% instead of dumping? That sounds good!
Tweet of the Week
The number of AVAX lore posts flipped the price of AVAX for a bit, bullish.
Beginning to hate avax more and more