If you know about crypto, you'll know that pretty much most projects rely and work on hype. Squid game was the series for 2021(acutely taken in by people because of the enforced covid home stays) so this hype translated into the crypto, and thus, m you see what is going on there
I have come to the conclusion that NFT, especially, is all about hype. Look at the Bored Ape series, just because it is owned by celebrities, the price is eternally pumping. Maybe its me, but that is ludicrous
The market is still trying to catch its breath now after the much touted crash. I think you should hold on the buy action for a a few days, especially if you want to buy in big quantities
I think Do Kwoon(hope I got the name right) and his team of Luna Foundation Group are running helter skelter. The recovery plans seems not to be working at short term at least. I think they need to show us where the bitcoin reserve is
Always do your research and try to avoid FUD. De Kwoon has said they are releasing the bitcoin in the reserves and buying up the Luna though I don't know how true it is. But the damage is done already
There has been a concerted effort by the Luna Foundation Group LFG in dousing out the fire before it spreads. I heard CZ of Binance has agreed to help but I also read elsewhere he denied the help. So I'm watching