this is a bad take. bagels are a simple, one-time consumable product. You pay, eat, transaction over.
Invisible Friends was a 5k PFP project sold at 0.25 ETH with heavy hype, narrative, and implied long-term building.
A local bagel shop closing temporarily doesn’t leave customers holding worthless “bagel tokens” they can’t sell. Invisible Friends raised millions upfront (mint royalties) from retail buyers treating it like an investment/brand.
It’s closer to a startup CEO taking seed money then vanishing. Reappearing right as the market heats up smells like opportunism.
The “crucifixion” isn’t irrational. It’s holders reacting to broken trust. Many NFT projects that actually shipped through the bear kept their communities, eg. BAYC.
A bagel maker, in a market where no one wants bagels anymore, will shut down his shop. When people suddenly want bagels again, he will reopen the shop.
This is normal.
Unless it’s NFTs, in which case we will crucify you ☠️