Traditional markets moved up a bit but came back down already, with interest rates reversing some of the gains as well. BTC and ETH have both seen a dip, ETH dipped to the 1700's and BTC has fallen 5% which is a major move for our number 1 coin.Mando thinks this price action is a result of a technical sell off. The charts are driving certain trading habits and the narratives being pushed around these charts and trades.

It's a quieter day in NFTs than it was yesterday. Miladys continue to dominate the volume but the floor is sitting at 4, fairly far off from the highs. There were some big art sales and some Fidenzas traded but overall volumes are not great. We are at 22 million in trades which is half of the volume we saw yesterday. Not much relief in sight, so buckle up and try to keep your bags above water.

@YAGAMIIIARTS joined us to burn stubs for his piece 'singing in the rain'. a beautiful piece that somehow relates to the times we are going through with clouds above our bags. The burn will be for 5 Stubs and supply is capped at 100.

@banditmfer came through with her $PEPE bags to share some stories about how she got to where she is. @NFTwap who used to make fun of crypto, and was an admitted @farokh hater, is now having the time of his life trading, riding the rollercoaster that is our space and sharing a stage with the hairy GM king.

Wap got into $PEPE super early when the liquidity was nearly non-existent. He took a bid on a Nakamigo and aped into the coin to amass a trillion tokens. He saw the snowball effect happening, made some money on the way up, and still has a huge bag. He is dedicated to riding the ship all the way down, claiming the women and children can exit but he will light a cigar and enjoy the rise of the water. His initial investment was 0.8 ETH and at the top his bag was worth millions; luckily he was able to take some off the table but his $PEPE bag lives on.

Bandit holds degen spaces called Demon hrs (tap in midnight est) and was exposed to $PEPE early on. Her bags peaked around $1.2 million and she is still swinging trades back and forth. Luckily she was able to take some profits as well, her initial investment was .75 and she was able to touch the moon with it. Anything is possible!

The most important part is to continue to have fun. It is literally a meme based coin. Try posting a Pepe meme and laugh about it. The price of $PEPE has dropped but that doesn't change what Pepe stands for, and collectively we all know Pepe is Love.

GM

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