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1) The thing that surprises me most about punks is how many OGs seem to trade down rather than trade up.
Most people who were early in BTC, or early in ETH still denominate their portfolio mostly in BTC or ETH.
Most people who were early in BTC, or early in ETH still denominate their portfolio mostly in BTC or ETH.
2) Yet so many people who had dozens or hundreds of punks who made most of their money from a few elite punks seem to keep selling their winners and letting their under-performers run. I suppose I of all people should be thankful for this trend.
3) If your success came mostly from 1-5 very good punks- why do so many people sell those punks as opposed to selling your lesser punks, allowing more people into the space and using proceeds to own more desirable punks?
4) It seems like each week that passes I'm seeing a larger and larger divergence to where the largest punk owners control a smaller and smaller percentage of the total market cap of punks and it can't help but make me wonder if the OGs are on the wrong side of the trade.
