With the launch of burgers, a lot of selling pressure was created, by people listing their gobs after claiming the burger, this created (temporary) more supply than demand ,combined with very very low trading vol on opensea this created downwards selling pressure,
In addition, some whales were manipulating heavily floor prices by purposely listing lower to create bear traps, it was pretty obvious to spot as they would list gobs lower with increments of 0.2 each going down from 7 eth to 6 eth by listing a handful of gobs, but it worked..
With most of the burgers claimed, and the majority of the unclaimed holding out to create rare combos or to decide what to do until utility is known, floor prices seem to have stabilised and are slightly going up on both collections, of course trading volume still remains low..
But with the right catalysts this floor can explode anytime. The team behind goblins so far have proven to be excellent marketeers, with plenty in store to come. Personally I appreciate their pacing , and it looks like they are leading up to nft ny to become the talk of the town
Known future catalysts yet to come:
-Reveal of team, last one today ! @McGoblinBurger
-Reveal of mystery eggs are still pending
-Utility for burgers is to be announced...
Below are must read threads or accounts to follow on goblintown :
Next : use of innovation
Goblins have already shown to bring innovation to the space, latest example was their oopsies with the burgers. While everyone was looking right ( trying to create rare hamburgers) Goblins were thinking left ( creating a contract that would add uniques)
Planning and strategy. So far Gobs have demonstrated to be masters in planning and execution, They are not dropping the ball at any step and something tells me they have made plans for many weeks ahead