Decided to do something a bit different today, this post will cover some of today’s most talked-about drama on crypto Twitter.
Let’s start with AZUKI
AZUKI’S creator Zagabond tweeted a blog post yesterday that he was the creator of a few NFT rugpulls such as PHUNKS, ZUNKS and TENDIES. The price of AZUKI started tanking and the drama ensued.
He later today posted this thread:
![Twitter avatar for @ZAGABOND](https://substackcdn.com/image/twitter_name/w_96/ZAGABOND.jpg)
Here is the original post that caused the craziness:
![Twitter avatar for @ZAGABOND](https://substackcdn.com/image/twitter_name/w_96/ZAGABOND.jpg)
![](https://substackcdn.com/image/fetch/w_600,h_314,c_fill,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc8a1204-0499-474a-8b2b-6bf27cd66908_786x786.jpeg)
Despite the drama, AZUKI is the second most traded NFT on opensea as of this post. But the floor is dropping by the hour.
![Twitter avatar for @0xfoobar](https://substackcdn.com/image/twitter_name/w_96/0xfoobar.jpg)
RAGNAROK NFT REVEAL DRAMA
The much expected NFT collection and gamefi Ragnarok were revealed today and people are not happy, first many are saying that the traits are a copypasta from AZUKI, others are unhappy that it is just a “front-facing azuki”.
![Twitter avatar for @KeyboardMonkey3](https://substackcdn.com/image/twitter_name/w_96/KeyboardMonkey3.jpg)
![Twitter avatar for @KingBlackBored](https://substackcdn.com/image/twitter_name/w_96/KingBlackBored.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFSbCUZEXsAIllhJ.png)
Do Kwon UST drama
Some people are pointing out how Do Kwon loved to call others poor on CT and now his network is on fire.
![Twitter avatar for @Tree_of_Alpha](https://substackcdn.com/image/twitter_name/w_96/Tree_of_Alpha.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFSYxaAaXEAEX-Xv.png)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFSYxwC4XsAI80D6.png)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFSYxe4MXEAAc9Q8.png)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFSYypvJWUAEOFFD.png)
In Cow’s opinion maybe this wouldn’t happen if networks and protocols used web3 insurance protocols like unore.io.
Some are saying that the UST crash was a coordinated attack.
![Twitter avatar for @4484](https://substackcdn.com/image/twitter_name/w_96/4484.jpg)
Others pointed out that it’s not the first or last time a algo stable ponzu dies:
![Twitter avatar for @moo9000](https://substackcdn.com/image/twitter_name/w_96/moo9000.jpg)
![Image](https://substackcdn.com/video/upload/e_loop,vs_40/socsxwgmysuqoqqt0svb.gif)
Others are blaming Do Kwon for the incoming regulation of stable assets by the government:
COINBASE REKT!
Apparently, coinbase has lost $450M in their last report, and the drama ensues.
![Twitter avatar for @nosleepjon](https://substackcdn.com/image/twitter_name/w_96/nosleepjon.jpg)
Twitter was quick to point out the changes in wording on Coinbase terms.
![Twitter avatar for @TheWinklerGroup](https://substackcdn.com/image/twitter_name/w_96/TheWinklerGroup.jpg)
That will be all for today. If you want to look at these tweets directly cow has made a thread for it here:
![Twitter avatar for @0xbluecow](https://substackcdn.com/image/twitter_name/w_96/0xbluecow.jpg)
Have a good night sers!