Gate.io Blog：The Founder of Azuki Reveals His Rug-Pull Experience, Resulting in the Floor Price of Azuki Halved

【TL; DR】

1. On May 10, Zagabond, founder of Azuki, published an article detailing his entrepreneurial experience, which triggered unrest in the Azuki community and caused a halved floor price.

2. In the article, Zagabond said he was involved in three projects: CryptoPhunks, Tendies and CryptoZunks, which are considered rug-pull schemes.

3. It is rumored that Zagabond revealed himself because another project team plans to expose the failed projects of the Azuki team.

4. Presently, Zagabond has said that he will return all the proceeds of CryptoPhunks, Tendies and CryptoZunks.

On May 10, Zagabond, founder of the famous avatar NFT series Azuki, published an article entitled "the journey of a creator" on Mirror, introducing how he was attracted to join the NFT field by NBA Top Shot, how he finally founded Azuki as a crypto novice, made the project a great success, and his original intention for the development of Web 3.0 as the founder of Azuki.

However, because the article mentioned three NFT projects that Zagabond had participated in and founded before - CryptoPhunks, Tendies and CryptoZunks, which have been widely considered typical "rug-pull projects", Azuki community's trust in Zagabond began to collapse. Azuki’s floor price nearly halved in one day, falling from 20ETH to nearly 10ETH.

For more information on the specific analysis process, please read this blog：The Founder of Azuki Reveals His Rug-Pull Experience, Resulting in the Floor Price of Azuki Halved

Gate.io Featured Articles

Gate.io Blog：Luna Fell by More than 95% in a Single Day. What Is the "Death Spiral" Leading to Hell?

Gate.io Blog：The Market Is Slumping Endlessly | Where Is the BTC Turnaround?

Gate.io Blog：UST Decoupled from the US Dollar and LUNA Slumped by 60%

Gate.io Blog：The Whole Story of Musks Acquisition of Twitter

Gate.io Blog

As a new information section of Gate.io, the Gate.io blog function will provide users with all-round investment support. It will offer the most timely information in the industry, as well as informative columns, exclusive research reports, interesting encyclopedia info, and other high-quality content. All of these combined will enable you to grasp the most valuable and high-quality information without leaving home.

We invite you to experience and bookmark this blog, in order to get essential investors tips.

Website: https://www.gate.io/blog/bloglist
*App will be launched soon, please keep an eye out for it!

Blog entry: Gate.io main menu bar "More Details - Gate Blog"

Gate.io Blog will be updated at regular intervals. Stay tuned!

Sign up to enter the crypto gateway and get 40% commission from referrals

Download iOS/Android App right now.

Reach out to us!

Twitter: https://twitter.com/gate_io

Telegram: https://t.me/gate_io

Instagram：https://www.instagram.com/gateioglobal

Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs

Gate.io Team
May 16

Read the original article at gate-io

$30,000 Deposit Blast-Off