Itt was practically all house money. People who bought ETH for under $10 or made 30-100x returns in crypto using their gains to flip jpegs. They managed to lure

Itt was practically all house money. People who bought ETH for under $10 or made 30-100x returns in crypto using their gains to flip jpegs. They managed to lure in a few suckers from retail but most of it was just money rotation between existing players. Any retail-focused play failed hard - like the Coinbase NFT marketplace.