interesting note imo
I keep seeing this everywhere. if a project has both an nft and a token, nft is always undervalued against the token, but it holds way fewer paper hands
as example,
$IMD is down 16% over the last days
meanwhile NFTs are still trading at 1.40-1.44 eth. that's 4-6% off the 1.5 ath, and the two bids that got accepted went at 1.3
for context, all 2,000 nfts together are worth around 25% of the entire token cap
so what do you think, is it a liquidity problem on the nft side or do NFTs only get bought by people who actually believe?