Veblen Effect: A phenomenon where luxury products, known as Veblen goods, break the usual economic rules.
Here, soaring prices don't scare off buyers—instead, they boost demand by amplifying the item's allure, exclusivity, and status.
Too many things we can try out on @telegram Gifts.
JUST IN: Someone paid 13,999 TON (worth $41,568) to buy a golden Plush Pepe on @getgemsdotio! 😱😱😱
@ton_blockchain / @telegram / @PlushPepeCom

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