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Why Azuki Is Trending? And Why it's important? Hello Crypto People, Recently news portals and twitter full of one name "Azuki". What's that? And Why people angry over it. What is Azuki? Azuki is a bluechip NFT like BAYC it contains 10,000 hand-drawn samurai and skateboarder NFT collection. Its one of the most prestigious and important NFT. The holders gets exclusive benefits and a name to brag What happened to Azuki? Well few days ago Azuki team launched Another NFT collection Azuki NFT but most of those are almost identical of their last collection. And that's where the problem begains. Like this picture most of the NFTs were just identical. After that Azuki avarage price dropped to 9 ether from 15 and elements 2 ether. And the community also bashing the corporation for being Greedy and unethical. #Azuki" #Azuki

Why Azuki Is Trending? And Why it's important?

Hello Crypto People, Recently news portals and twitter full of one name "Azuki". What's that? And Why people angry over it.

What is Azuki?

Azuki is a bluechip NFT like BAYC it contains 10,000 hand-drawn samurai and skateboarder NFT collection. Its one of the most prestigious and important NFT. The holders gets exclusive benefits and a name to brag

What happened to Azuki?

Well few days ago Azuki team launched Another NFT collection Azuki NFT but most of those are almost identical of their last collection. And that's where the problem begains. Like this picture most of the NFTs were just identical.

After that Azuki avarage price dropped to 9 ether from 15 and elements 2 ether. And the community also bashing the corporation for being Greedy and unethical.

#Azuki "

#Azuki

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𝐑𝐞𝐚𝐝 𝐓𝐡𝐢𝐬 𝐁𝐞𝐟𝐨𝐫𝐞 𝐘𝐨𝐮 𝐁𝐮𝐲 𝐑𝐞𝐧𝐳𝐨  💀💀 Renzo has been in the headlines the past couple of days. Various activities have somehow spread the project all over the internet, whether it's the loose airdrop allocation, the unmatched claim period, the max allocation for the team & investors, or the Binance Launchpool. Everywhere, Renzo has successfully brought back negative sentiments among retail investors. And that's not the best position for any project before their token launch. Despite a few hiccups and mismatches, Renzo is still a strong project and one of the most used Liquid Restaking Platforms on Ethereum. The De-Pegging event was sudden but could have been handled better. Find Out why Renzo Is a Scam? The team did, however, correct some of the mistakes by giving a 2% higher allocation to Airdrop holders and shifting the claim period 1 hour before the official listing on Binance. The most complained about part comes after Launchpool listing. People blindly buy the token hoping VCs and whales will drive the price up, but now it seems like the trick is being exposed. Binance Launchpool isn't an ICO platform, so you don't get any ROI because you're getting the token for free. And sometimes, Launchpool users create a big sell wall because of big instant access to the asset, thus we've seen numerous coins plummet over time. Therefore, it's always better to wait before buying something out of excitement. Making a short-term bet is harder than investing for the long term. Short-term price action is often driven by sentiment, and you have to accept that.  ⚡ 𝗠𝗼𝗿𝗲 𝗔𝗹𝗽𝗵𝗮, 𝗝𝗼𝗶𝗻 𝗨𝘀, 𝗙𝗼𝗹𝗹𝗼𝘄  𝗨𝘀, 𝗦𝗵𝗮𝗿𝗲 𝗨𝘀 ⚡ @Techandtips123 #Renzo #BinanceLaunchPool🔥 $REZ
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𝙎𝙝𝙤𝙪𝙡𝙙 𝙔𝙤𝙪 𝘽𝙪𝙮 𝙎𝙘𝙖𝙢 𝘾𝙤𝙞𝙣𝙨 𝙡𝙞𝙠𝙚 𝙍𝙚𝙣𝙯𝙤? ❗❗ Negative sentiment is a major reason why new crypto projects aren't performing well. Retail investors often expect a price surge after a new coin is listed on a major exchange. However, this trend has shifted in recent months, and Renzo, a recently launched project, is no exception. Following a de-pegging incident and an airdrop allocation event, Renzo is facing strong bearish sentiment, with some calling it a scam. ⚡ De-Pegging Event Recently, there was a sell-off of Renzo's ezETH token on a decentralized exchange (DEX). The price dropped to around $700 before recovering. This sell-off was likely caused by the end of Renzo's Season 1 airdrop, with users wanting to convert their ezETH back to ETH for use in other liquidity pools. This led to liquidations on leverage protocols, causing losses for users who were leveraging ezETH.(🔸Courtesy - 0xtommy_eth).  🔅The Airdrop Incident The Renzo team initially announced a 10% token allocation for airdrops, with 5% for Season 1. However, a large portion (⅔) was reserved for investors and the team. Additionally, airdrop recipients wouldn't be able to claim their tokens until May 2nd, two days after the official Binance listing. 🔥 Should You Invest ? Though Team Revised Airdrop Allocation To 7% and Same day Claim as Listing . It's Advisable to Avoid investing in Renzo immediately after launch. The sentiment is very mixed, and there's no clear short-term bullish signal. Many airdrop participants will likely sell their tokens on a centralized exchange as soon as possible. It's best to wait and see how the project develops before investing. Don't be pressured by the fear of missing out and end up Being easy prey for airdrop recipients and a Exit Liquidity For others. ⚡ 𝗠𝗼𝗿𝗲 𝗔𝗹𝗽𝗵𝗮, 𝗝𝗼𝗶𝗻 𝗨𝘀, 𝗙𝗼𝗹𝗹𝗼𝘄  𝗨𝘀, 𝗦𝗵𝗮𝗿𝗲 𝗨𝘀 ⚡ @Techandtips123 #Renzo #BinanceLaunchpool
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