đ How the Kryptans spent the summer
GM! September has arrived and we're back at our study desks, but first let's recap all the interesting things that happened to us over the summer
June: A month of airdrops and drama.
- The ZkSync, LayerZero, and Blast airdrops took place. LayerZero ran a controversial campaign with the option to âsurrender sibilâ for a portion of the airdrop. zkSync had a tough wallet screening process, and Blast failed to live up to expectations by not getting listed on Binance.
Current prices from the close of the first day: $ZRO +18.37%, $ZK -49.83%, $BLAST -63%
- There was a major liquidation of $CRV for $22.6M dollars, as a result of which Mikhail Egorov apparently decided to retrain and started his own Telegram channel
June Narrative: The market is once again coming around to the idea that tokens with Low Float - High FDV can be a tool for manipulation from VCs. $WLD was a prime example this season
July: A time of disappointment and memes
- Bitcoin sales from MTGox continued, there was also a $BTC dump by US and German governments
- Retail investors are getting more involved in meme trading. The pump fun platform gained momentum with over 1.5 million tokens launched and $2.3M in revenue. Gotbit bought ads for a scam box from Messi, which rolled to zero in a few days, and memes reached 70% of total cryptocurrency trading volume
- The launch of the $ETH ETF took place. The price at launch was around $3500, current value $2514 (-28.9%)
July Narrative: Expectations that Blackrock and U.S. policy would boost the market failed to materialize, leading to notable capitulation among crypto investors.
