Discover and read the best of Twitter Threads about #psychedelicsanonymous
Most recents (3)
[1/31] @psychedelic_nft I’m bullish on PA and the DE announcement. In fact, it might have been the best case scenario I could have wanted. That probably sounds provocative, given the range of reactions we’ve seen on Twitter and Discord. Let me explain…
A mega-🧵…
A mega-🧵…
[2/31] First off, some table stakes: I’m a long-term, buy&hold investor. Stocks, real estate, crypto, NFTs. If you’re a flipper / day trader - that’s cool, it’s just not for me (day job and all). Y’all probably have a different lens here, so this take probably isn’t for you.
[3/31] What I do love is open discourse. Opinions welcomed, far and wide. We don’t want an echo chamber - that can lead you into making biased decisions. But that said, respect and empathy are key. Be kind, accept others might feel otherwise, and keep the heat on low.
Something tells me that #PsychedelicsAnonymous is joining the big leagues soon. For its genesis collection, 2ETH will be a tough one to break since 0.95 was where we bottomed, you can expect people taking profit. Futhermore, 1.9 ETH was where we peaked pre-reveal. Read on. (1/5)
We have not seen a spike in volume since the past 4 days. In fact, our trading volume is not even close to 2021's, yet our floor price continues to climb. This shows the confidence within our community as many are unwilling to sell - While demand maintains and supply falls. (2/5) 
I've also noticed more smart money coming in, with several market influencers buying in above the 1.5ETH range. In order to break 2ETH, the community needs to delist or just hold on tight, once we break above that we are going into price exploration once again. (3/5)
#PsychedelicsAnonymous has been all the rage in the past week, with its genesis collection rising from a 0.088 mint price to a floor price of close to 2ETH.
But what's going on behind the trading scenes? Why has the floor price plunged? You'll have to read on to find out. (1/10)
But what's going on behind the trading scenes? Why has the floor price plunged? You'll have to read on to find out. (1/10)
Let's begin with the basics. According to my buddy @nansen_ai, the chart was moving as per normal. At the beginning, we see huge volumes of ETH coming in, with the sales picking up quick, as we edge towards the reveal date, the floor price builds. (2/10)
Unsurprisingly, right before the reveal, we see a spike in volume, and in post reveal, volume drops, as we see more panic listings coming to OpenSea, with paperhands selling, undercutting one another causing the floor price to dip. (3/10)
