04-20-2023, 05:53 AM
Reddit Collectible Avatar sellers are suffering huge losses to try and exit their av
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/12se56s/reddit_collectible_avatar_sellers_are_suffering/"> <img src="https://b.thumbs.redditmedia.com/p2jc2_RZKUiOcEz_xGIHdJs9idws8sRq0dwcnQ0LiwE.jpg" alt="Reddit Collectible Avatar sellers are suffering huge losses to try and exit their avatar positions. With one user taking a 94% loss and selling at $6 to get rid of their $100 avatar." title="Reddit Collectible Avatar sellers are suffering huge losses to try and exit their avatar positions. With one user taking a 94% loss and selling at $6 to get rid of their $100 avatar." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Edit: Since people are trying to claim the 94% loss sale was a mistake, the seller accepted a collection offer on an avatar that was already selling 75% below mint. That isn't a mistake. It isn't a case of accidently listing low.</p> <p>In case you didn't know G3 avatars launched and it was a huge flop for speculative gamblers. Although some avatars like Nyan Cat, and Degenerate Artisman are selling at profit compared to their mint cost. The majority of avatars have little to no demand. As a result sellers have resorted to taking huge losses and selling way below mint cost to try and get rid of their avatars.</p> <p>Monarch Artisman is a $10 avatar still available in the shop and it's being sold for a ~50% loss.</p> <p><a href="https://preview.redd.it/o9tp97ewaxua1.png?width=598&format=png&auto=webp&s=bdf21f1dc68e565d44d8bf3e74fa587a0d468e8b">https://preview.redd.it/o9tp97ewaxua1.png?width=598&format=png&auto=webp&s=bdf21f1dc68e565d44d8bf3e74fa587a0d468e8b</a></p> <p>This isn't a one off case. Ember Sorcerer is a $100 avatar with a mint of 250+ and is being sold for 75% below mint, with one user taking a loss of 94% to get rid of their avatar.</p> <p>​</p> <p><a href="https://preview.redd.it/0pgzbkbnbxua1.png?width=610&format=png&auto=webp&s=d2a879eb5085c95d9f511a2a59b996e6a115fc14">https://preview.redd.it/0pgzbkbnbxua1.png?width=610&format=png&auto=webp&s=d2a879eb5085c95d9f511a2a59b996e6a115fc14</a></p> <p>Eco Adventurer from the same set - mint cost of $25 selling for 75% off at $6. Shout out to the seller for their OpenSea profile name - "Buyhighselllow.."</p> <p><a href="https://preview.redd.it/psp922jsbxua1.png?width=1173&format=png&auto=webp&s=f7d9baae3c98173f3d7f8ca7834d561d32915f6f">https://preview.redd.it/psp922jsbxua1.png?width=1173&format=png&auto=webp&s=f7d9baae3c98173f3d7f8ca7834d561d32915f6f</a></p> <p>StutterVoid a veteran artist of G1, G2, and G3 has his G3 avatars selling for 50-66% below mint. With his $10 avatar selling for ~$5 and his $50 avatar selling for $20-$30.</p> <p><a href="https://preview.redd.it/brwh1bchcxua1.png?width=591&format=png&auto=webp&s=4865ea0707e25d58d47f01ef6c3db6f00f31dbae">https://preview.redd.it/brwh1bchcxua1.png?width=591&format=png&auto=webp&s=4865ea0707e25d58d47f01ef6c3db6f00f31dbae</a></p> <p>If floors will continue to be crushed and G3 avatars will continue to lose value is another question entirely. But for now the majority of speculators of G3 avatars are heavily in the red with no sign of relief.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GabeSter"> /u/GabeSter </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12se56s/reddit_collectible_avatar_sellers_are_suffering/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12se56s/reddit_collectible_avatar_sellers_are_suffering/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/12se56s/reddit_collectible_avatar_sellers_are_suffering/"> <img src="https://b.thumbs.redditmedia.com/p2jc2_RZKUiOcEz_xGIHdJs9idws8sRq0dwcnQ0LiwE.jpg" alt="Reddit Collectible Avatar sellers are suffering huge losses to try and exit their avatar positions. With one user taking a 94% loss and selling at $6 to get rid of their $100 avatar." title="Reddit Collectible Avatar sellers are suffering huge losses to try and exit their avatar positions. With one user taking a 94% loss and selling at $6 to get rid of their $100 avatar." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Edit: Since people are trying to claim the 94% loss sale was a mistake, the seller accepted a collection offer on an avatar that was already selling 75% below mint. That isn't a mistake. It isn't a case of accidently listing low.</p> <p>In case you didn't know G3 avatars launched and it was a huge flop for speculative gamblers. Although some avatars like Nyan Cat, and Degenerate Artisman are selling at profit compared to their mint cost. The majority of avatars have little to no demand. As a result sellers have resorted to taking huge losses and selling way below mint cost to try and get rid of their avatars.</p> <p>Monarch Artisman is a $10 avatar still available in the shop and it's being sold for a ~50% loss.</p> <p><a href="https://preview.redd.it/o9tp97ewaxua1.png?width=598&format=png&auto=webp&s=bdf21f1dc68e565d44d8bf3e74fa587a0d468e8b">https://preview.redd.it/o9tp97ewaxua1.png?width=598&format=png&auto=webp&s=bdf21f1dc68e565d44d8bf3e74fa587a0d468e8b</a></p> <p>This isn't a one off case. Ember Sorcerer is a $100 avatar with a mint of 250+ and is being sold for 75% below mint, with one user taking a loss of 94% to get rid of their avatar.</p> <p>​</p> <p><a href="https://preview.redd.it/0pgzbkbnbxua1.png?width=610&format=png&auto=webp&s=d2a879eb5085c95d9f511a2a59b996e6a115fc14">https://preview.redd.it/0pgzbkbnbxua1.png?width=610&format=png&auto=webp&s=d2a879eb5085c95d9f511a2a59b996e6a115fc14</a></p> <p>Eco Adventurer from the same set - mint cost of $25 selling for 75% off at $6. Shout out to the seller for their OpenSea profile name - "Buyhighselllow.."</p> <p><a href="https://preview.redd.it/psp922jsbxua1.png?width=1173&format=png&auto=webp&s=f7d9baae3c98173f3d7f8ca7834d561d32915f6f">https://preview.redd.it/psp922jsbxua1.png?width=1173&format=png&auto=webp&s=f7d9baae3c98173f3d7f8ca7834d561d32915f6f</a></p> <p>StutterVoid a veteran artist of G1, G2, and G3 has his G3 avatars selling for 50-66% below mint. With his $10 avatar selling for ~$5 and his $50 avatar selling for $20-$30.</p> <p><a href="https://preview.redd.it/brwh1bchcxua1.png?width=591&format=png&auto=webp&s=4865ea0707e25d58d47f01ef6c3db6f00f31dbae">https://preview.redd.it/brwh1bchcxua1.png?width=591&format=png&auto=webp&s=4865ea0707e25d58d47f01ef6c3db6f00f31dbae</a></p> <p>If floors will continue to be crushed and G3 avatars will continue to lose value is another question entirely. But for now the majority of speculators of G3 avatars are heavily in the red with no sign of relief.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GabeSter"> /u/GabeSter </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12se56s/reddit_collectible_avatar_sellers_are_suffering/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12se56s/reddit_collectible_avatar_sellers_are_suffering/">[comments]</a></span> </td></tr></table>