Yuga Labs is now down ~$200m since the end of the Otherside land sale ($APE now < $6).
Their tax bill on the land sale is now higher than the current value of tokens held 😤
So the consensus is @yugalabs will say something after the claim period is over because of potential “securities” issues. I’ll buy it. I’ll eat it up. Just need something to look forward to.
We all on that boat?
gm. Woke up to carnage in the markets...again. The past two weeks have been as eventful as any, featuring the collapse of UST, the decline of Azuki, and radio silence from Yuga Labs after raising $300m (now worth a third of that) in the largest mint the space has ever seen. 1/🧵