I am surprised how much hype the auction is doing on its first day. In less than six hours the first winner will be announced. The highest bid is already worth over $1000 if we consider DEC peg.
The bidding was jacked up when within a couple hours from 300k to 1mil. Exciting to see the demand so robust I now wonder if there are truly demand for the cards. All in a good way. In terms of how much Dec is being locked up in this auction there seems to be good signs liquidity for DEC is capped making its value rise.
Over on splinter cards there are neat data points as to how DEC holdings are split and how much are in circulation. Trend of supply remains down making the token more scarce. Meanwhile price of token continues to hold up. All in all I think the auctions are having an effect on DEC supply and in turn price rise of the token. Only thing now is to see how this auction ends.
Until next time thanks for reading!!!
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