Floor prices of so-called ‘Blue Chips’ have been battered like Anthony Joshua on a night out in Jeddah. And if the valley of the Twapes is to be believed there’s a formidable sword of Damocles hanging over the NFT space it’s blade polished, sharpened and ready to shred our puny guts with a series of cascading liquidations and a subsequent death spiral event could see floor prices go to ZERO. Or worse. As Cirrus describes it, this could be “the single biggest risk to the NFT market that nobody is talking about”
