Bitcoin Puppets Leads an Ordinals Rally as Its Floor Doubles

ALEX: Otherdeed's floor is up about two thirds in a week, measured in dollars. Ether itself only moved a tenth.

ALEX: So this isn't the token dragging it up. This is the land.

ALEX: And the strange part? Almost none of it was in a single week of normal Otherdeed news.

ALEX: Go back to September tenth. Somebody gives a fruit fly brain an avatar, and forty people play Space Invaders inside the world. Odd, but very Otherside.

ALEX: The next day, a grail deed trades for over five ETH, off the open market. The team noticed and said so.

ALEX: Then the completionists start posting their books. Twenty-eight of twenty-nine biomes. Every single resource.

ALEX: None of that moved the floor much. Over two weeks it's up about a third. Nearly all the gain came in the last seven days.

ALEX: So what changed? Koda.

ALEX: On the fifteenth, the Koda-only session at ApeFest drops its restrictions and opens to everyone. On the eighteenth, a holder opens a Koda-only Discord and hands it to everyone too.

ALEX: And on the twentieth, the first Koda gets bought, and the beta lands on Yuga's own deeds only.

ALEX: I know what you're thinking. Beta for deed holders, floor goes up, done. Maybe. Nobody in the archive draws that line, so I won't draw it for them.

ALEX: What I can show you is the buying. Sales went from thirty-five the week before to fifty-one.

ALEX: The biggest was yesterday. One ETH, about eight and a half times floor, for a deed in the top five hundred by rarity. That's out of almost thirty-three thousand.

ALEX: Its best trait is only worth a touch over floor. So the buyer paid for rarity, not for one trait. And they hold eight now.

ALEX: That buyer has almost no tracked history with us. That's what a grade E means: a wallet we barely know. It's a new face, not a veteran.

ALEX: There was a second big sale yesterday too. Ordinary piece, similar price, and the buyer already doesn't hold it. That one I don't count.