 | I've been keeping a close eye on the Trump Series 2 NFT drop, and I couldn't help but notice something peculiar: despite all odds, the floor price remains above the mint price. So, how exactly is this happening? A wise crypto manager once told me that any multimillion-dollar launch would likely involve hiring a market maker to stabilize prices. And lo and behold, that seems to be the case with Trump's Series 2 NFTs. Considering that Trump is probably planning to launch Series 3, 4, and so on, raking in up to $5 million each time, it makes perfect sense for him to allocate 20-30% of that to a market maker who can buy up the floor under the mint price. I've observed many new wallets with no previous transaction history accumulating hundreds of Trump NFTs below mint price. We’re talking about $30,000+ being dropped on trump nfts from brand new wallets. This signals an accumulation phase by market makers, eerily similar to what happened with Series 1. Once the paper-handed sellers stop offloading their tokens, the collection could potentially experience a supply shock. Trump, having made $4.7 million and spending only $1 million on market making, could then boast about how his followers made money yet again. So, there you have it – the mysterious mechanics behind the seemingly inexplicable resilience of Trump Series 2 NFTs. Proof (some wallets were even doing the same thing for trump season 1 + money sent from exchanges and funds direct to wallet): [link] [comments] |
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