Interface's experiment with Zora drops

@wijuwiju0x
@wijuwiju0x

We're experimenting a bit with @zora drops, few days ago dropped Copy Trade on Interface, which got around 6000 mints. https://zora.co/collect/base:0x2c510bb82… Few hours ago, primary minted ended and secondary went live, it is now trading at around 20x from initial mint price as lots of people started copy trading copy trade via @interfacedapp lol https://app.interface.social/token/8453/… Few notes, this is highly illiquid market (imho current Zora config launches erc20 with too little liquidity) with a very small cap, so very very volatile, I have been trying to buy some from secondary and redeploy into LP, but the price is just keep increasing. Anyhow a lot of fun, enjoy and stay safe, if price corrects will try to scoop up a little more and redeploy capital into LP.

x.com
by macbudkowski.eth5764 🥝 • 2y • x.com
AI summary of the linked article

Interface, a social app, launched its Copy Trade token through Zora drops, which reached about 6,000 mints. After primary minting ended and secondary trading opened, the token was trading at around 20 times its initial mint price, which the author attributes to many users copy trading via Interface. The author describes the market as highly illiquid with a very small cap and very volatile, and says they tried to buy from the secondary market to redeploy into LP but the price kept rising.

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I actually just bought this lol


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