Alright, I'll just ask

Why are Moonbirds, of all things, surging in volume and price

As despite the name, they are not known to moon

There are so many dead bags here (including my own) that I expect the sell pressure to be near infinite

e/acc || Building @ /imgn || Dogecoin core dev 2013/14

yuga labs sold them off to another company

specifically led by spencer, who bought a ton of pengus for cheap + other stuff

specifically led by spencer, who bought a ton of pengus for cheap + other stuff 

https://x.com/spencer

extremely blessed highly favored always grateful

Man

You'd think with that kinda experience, he'd know better 💀

I think it makes sense tbh, if he believes he can execute better than the previous owners and it’s a “distressed” asset currently - not a bad trade

I don’t think the IP is inherently bad or anything, just has rough history

+1 

surely bought at distressed prices + having the IP helps alleviate a TON of initial legwork as opposed to starting a project from scratch

still a significant risk ofc lol