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Gate.io Blog：The Founder of Azuki Reveals His Rug-Pull Experience, Resulting in the Floor Price of Azuki Halved
Gate.io Blog：The Founder of Azuki Reveals His Rug-Pull Experience, Resulting in the Floor Price of Azuki Halved
2022-05-16 10:02:03 UTC
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【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
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May 16
