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MASSIVE Bored Ape NFT Liquidations! Disaster for NFT Markets Begins

by crypetonews
August 22, 2022
in Videos
Reading Time: 1 min read
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Several Bored Ape NFT holders borrowed against their NFT on BendDAO. Liquidation risk has been rising because Bored Ape NFTs floor price has been falling. BendDAO cofounder also risks being liquidated on his platform. To make matters worse, BendDAO is experiencing a bank run. The so-called “NFTfi” protocol saw its Ethereum reserves drained over the weekend, meaning ETH lenders are now unable to recoup their deposits from the protocol’s reserves. Bored Ape NFTs have long been the gold standard of NFTs, a sudden supply shock with no buyers could spell doom for the entire NFT market as a whole.

#ethereum #NFT #Crypto
~MASSIVE Bored Ape NFT Liquidations! Disaster for NFT Markets~
⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺
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Tags: ApeBeginsbinance newsbitcoin newsbitcoin news todaybitcoin prediction for todayBoredcrypto analysiscrypto news todaycrypto price predictioncrypto scamsDisasterethereum newslatest metaverse newslatest nft projectsLiquidationsMarketsMassivemetaverse newsNFTnft news today
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Comments 34

  1. HerschelWalkerisaClown says:
    9 months ago

    Hi Paul

    Reply
  2. mfYoder says:
    9 months ago

    Yakmannnnnn

    Reply
  3. Happy Fox says:
    9 months ago

    NFTs are such Fn trash I hate them!!! Turned the crypto market into a childish joke and YES has turned off serious financiers!!! Take dat Shit to Ebay and put it on sale for the zero it is!!!

    Reply
  4. thankyougod.blockchain says:
    9 months ago

    3rd

    Reply
  5. Happy Fox says:
    9 months ago

    No one in their right mind is looking at going longer than 3 years on any project now. The world is too unstable with war, natural disasters, and a global financial collapse orchestrated by the US govt and their pet bitch dogs!!! I was originally giving my investments 1year but we will be re evaluating staying in this space. My longest play was 1year and its on the chopping block with the rest of them. Crypto has had plenty of time to get its shit together and investors patience are at the breaking point. Invest in a digital crayon drawing of a monkey with an Fn joint in his mouth??? Not in MY world…… One mans trash is anothers treasure😜

    Reply
  6. Miles Civis says:
    9 months ago

    pictures of cartoon apes are worthless? sell sell sell!! lol

    Reply
  7. Leonard Gonzalez says:
    9 months ago

    And I was getting hate when I was saying those stupid apes were sinfully overpriced SMH

    Reply
  8. NFTsForSale Com says:
    9 months ago

    NFTs are the Future the next step will be representation of real world items, such as deeds and titles. It may be the bottom of the market, but mark my words NFTs are the future. NFTs arre the future to mainstream adoption to Crypto. Thanks for the coverage Paul

    Reply
  9. Patrick McGee says:
    9 months ago

    Do you think you could look into LunaOne? It's a meta-verse IPO at the moment. Launch is "September 29" .

    Reply
  10. corey says:
    9 months ago

    Ever heard of moonbeam? THoughts?

    Reply
  11. Ryan Ripz says:
    9 months ago

    VEVE will collapse if it dosent adopt interoperability.

    Reply
  12. Julas says:
    9 months ago

    Yo hey, i really like your channel. Good luck on your journey!

    Reply
  13. mep says:
    9 months ago

    "Oh no my overpriced jpeg of an ugly ape that has absolutely no utility is falling downnnn please tell me what is going on?!?!"

    Reply
  14. Project World Warrior - 69K Views says:
    9 months ago

    Who in their right mind would buy disgusting apes with zero use, which is created by lazy “artists” who just add a hat or cigar on a copy-pasted trash jpegs? That crap is going to (or close to) zero, anyone who believes otherwise is just in his denial phase and don’t wanna accept they spent money stupidly. Those apes (and other crappy jpegs like crypto punks) are just toxic for REAL USE CASE NFTs’ reputation. Goes to show how low IQ humans can be.

    Reply
  15. painter painting says:
    9 months ago

    charlatan art market

    Reply
  16. VIRALTUBE says:
    9 months ago

    nice content

    Reply
  17. Micah Chaney says:
    9 months ago

    Put up their BAYC as collateral for ETH and then staked their ETH on LIDO for stETH? Maybe?

    Reply
  18. Truth Seeker says:
    9 months ago

    Everyone is getting out of the market

    Reply
  19. LDixon21 says:
    9 months ago

    If I have to choose between using my ETH to buy a discounted Ape with the promise of some future return or hodl my ETH for the merge…. I think some Apes may not get bought at auction.

    Reply
  20. Sagara Sousuke says:
    9 months ago

    Lol, leverage everywhere.

    Reply
  21. Michael Flynn says:
    9 months ago

    BAYC – art ? rare ? high quality ? secure ? valuable ? social conscionable ? empathetic ? Non of the above – worthless, completely without basis for holding or investing in. Baaaaaaa

    Reply
  22. Paul Pyatt says:
    9 months ago

    Knew this would happen and Metaverse will go the same way.

    Reply
  23. Crazy prayingmantis says:
    9 months ago

    This is a good thing, all this trash needs to be cleared out to make way for newer shiny er trash.

    Reply
  24. Darwonboy says:
    9 months ago

    "Make sure and"……..

    Reply
  25. Nathaniel says:
    9 months ago

    you make story of NFT jpegs, come on, these are rug pulls, make some common sense

    Reply
  26. MajesticF0X says:
    9 months ago

    NFTs like art and real estate are not as liquid and as a result tends to lag behind other markets. This has all the makings of yet another death spiral crisis and is needed to pop the bubble.

    Reply
  27. Stefano Cioni says:
    9 months ago

    I didn’t even know nft liquidisations were a thing lol

    Reply
  28. Jojomurderjunky says:
    9 months ago

    Imagine using the phrase ‘my nft collection’…

    Reply
  29. aegis says:
    9 months ago

    Just the fact that there are thousands make them less worth, pure logic…

    Reply
  30. Throttlebuff says:
    9 months ago

    People were buying stupid shit last year because they had disposable income, but now people are needing their money in order to live. So, you are seeing the real value of NFTs come to light. Why would anyone buy in hopes of a correction when the correction is ZERO

    Reply
  31. Syphon Gaming says:
    9 months ago

    The nfts have no value and they are artificially traded by millionaires to raise the value of them

    Reply
  32. Michael Alpine says:
    9 months ago

    The Greater Fool Theory in action.

    Reply
  33. Daniel Oase says:
    9 months ago

    Can't wait to pick one up for 99% off

    Reply
  34. King Brains says:
    9 months ago

    These companies have no idea what they are doing. They are literally winging it as they go and hoping for the best. Either that or they are outright scammers who know exactly what they are doing.

    Reply

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