Citing AiCoin, the CS2 virtual skin market lost approximately $2 billion (around 14.2 billion RMB) in a single day after Valve introduced a new policy allowing low-tier skins to be synthesized into high-tier ones. The change, dubbed 'Red Skin Alchemy,' caused a sharp drop in prices for top-tier skins like Butterfly Knives, devastating traders and resellers who had heavily invested in the market. Many players, especially those known as 'daogou' (skin speculators), reported massive losses, with some losing over 600,000 RMB in a short time. The move has sparked widespread backlash on social media, with many blaming Valve's CEO Gabe Newell, while others argue it is a necessary correction to a speculative market that had become detached from the game's core purpose.
CS2 Skin Market Loses $2 Billion Overnight as New Policy Sparks Chaos
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