Citing BlockTempo, Valve updated the skin trading system in Counter-Strike 2 on October 23, introducing a new Trade Up Contract mechanism that allows players to exchange five red StatTrak or regular secret-tier skins for one golden weapon or gloves. This change caused a massive market shock, with the total value of CS2 skins plummeting from $5.9 billion to $4.2 billion overnight. The update disrupted the long-standing scarcity model of golden skins, which previously could only be obtained through weapon cases, leading to sharp price drops for golden items and surges for red-tier skins. Players and investors expressed mixed reactions, with some criticizing the instability of in-game economies and others mocking the situation with memes.
Valve's CS2 Skin Update Triggers $1.7B Market Crash
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