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Reddit Collectible Avatar sellers are suffering huge losses to try and exit their avatar positions. With one user taking a 94% loss and selling at $6 to get rid of their $100 avatar.

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Reddit Collectible Avatar sellers are suffering huge losses to try and exit their avatar positions. With one user taking a 94% loss and selling at $6 to get rid of their $100 avatar.

Edit: Since people are trying to claim the 94% loss sale was a mistake, the seller accepted a collection offer on an avatar that was already selling 75% below mint. That isn't a mistake. It isn't a case of accidently listing low.

In case you didn't know G3 avatars launched and it was a huge flop for speculative gamblers. Although some avatars like Nyan Cat, and Degenerate Artisman are selling at profit compared to their mint cost. The majority of avatars have little to no demand. As a result sellers have resorted to taking huge losses and selling way below mint cost to try and get rid of their avatars.

Monarch Artisman is a $10 avatar still available in the shop and it's being sold for a ~50% loss.

https://preview.redd.it/o9tp97ewaxua1.png?598&format=png&auto=webp&s=bdf21f1dc68e565d44d8bf3e74fa587a0d468e8b

This isn't a one off case. Ember Sorcerer is a $100 avatar with a mint of 250+ and is being sold for 75% below mint, with one user taking a loss of 94% to get rid of their avatar.

https://preview.redd.it/0pgzbkbnbxua1.png?610&format=png&auto=webp&s=d2a879eb5085c95d9f511a2a59b996e6a115fc14

Eco Adventurer from the same set - mint cost of $25 selling for 75% off at $6. Shout out to the seller for their OpenSea profile name - "Buyhighselllow.."

https://preview.redd.it/psp922jsbxua1.png?1173&format=png&auto=webp&s=f7d9baae3c98173f3d7f8ca7834d561d32915f6f

StutterVoid a veteran artist of G1, G2, and G3 has his G3 avatars selling for 50-66% below mint. With his $10 avatar selling for ~$5 and his $50 avatar selling for $20-$30.

https://preview.redd.it/brwh1bchcxua1.png?591&format=png&auto=webp&s=4865ea0707e25d58d47f01ef6c3db6f00f31dbae

If floors will continue to be crushed and G3 avatars will continue to lose value is another question entirely. But for now the majority of speculators of G3 avatars are heavily in the red with no sign of relief.

submitted by /u/GabeSter
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