Gold Foil Arachne Thug's Fall is Quite Something
None of this article is financial/investment/legal advice, it contains a strategic valuation analysis of speculative assets that can be subject to market fluctuations. You are suggested to seek out a Registered Investment Advisor (RIA) for all investments and the author is not an RIA. Splinterlands' Terms of Service identifies Splinterlands/Steem Monsters as not being an Investment Company. As defined by the U.S. Code of Federal Regulations, Steem Monsters (the parent company of Splinterlands) and the Decentralized Autonomous Organization (DAO) that was published by Steem Monsters can be argued to rise to the definition of being classified as Financial Institutions in the United States. This is a duty to warn and inform given that the actions to be described regard the valuation of assets and speculation of events to take place.
This is just a quick note to everyone that Gold Foil Arachne Thug was at one point $66 and now it is at an All-Time Low of $1.391. It has struggled to go above $1.65 and then this was dropped.
As these cards get minted, remember that there are nearly 2.9 million unopened Chaos Legion packs and 2.1 million unopened Riftwatchers packs. Each opening will increase the supply and holders will look to sell off their assets immediately. A newly minted card owner can sell their cards at a cheaper price than a reseller. This is what happened here.
It appears as this was being written, someone gobbled up the card.