Yuga Labs spent a total of 90.57 ETH (around US$265,000) on roughly 640 refunds, according to data from Etherscan. The largest individual refund was 2.6 ETH (around $7,500), with the firm spending 0.26 ETH (around $783) in gas fees to send out all the refunds.
This Is Why Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs
Constantly diluting supply with token unlocks, selling pressure from venture funds, lack of fresh inflows to crypto and seasonal trends...