In the last 30days @KaitoAI token base:0x98d0baa52b2d063e780de12f615f963fe8537553 is up nearly 60% ‼️
Meanwhile the Yapybara NFT which is their Genesis collection and the founder @Punk9277 current web3 identity is down 6.5% !
This is not adding up makes no sense to me.
In theory this is an “NFT” and a part of the influence and network culture in web3 but I think very little love and support has been shown to these holders.
What this suggests is what we’ve already known.
Liquid tokens outperform the market and NFTs belong to a much smaller niche.
Without a utility flywheel nobody cares about an NFT.
I’m not a bear, I’m just telling you what most KOLs won’t.
NFTs are always the last to move in the cycle.
Can the Yapybaras move higher and match the price action of the token?
Yes.
That’s called hopium.