### Item Summary: Walk the Plank Emote Token The **Walk the Plank emote token** is a consumable Treasure Hunter item that unlocks the "Walk the Plank" cosmetic emote. It is highly thematic and often associated with pirate-themed promotional events in RuneScape. First introduced in the **Treasure Hunter Pirate Edition event on April 5, 2023**, this token was initially uncommon, but continuous injections into the game through promotions have resulted in significant price volatility. Players interested in cosmetic rewards or nostalgic emotes often purchase the token, making it both a collector's item and a speculative trading asset. #### Release and Rarity: - Released: **April 5, 2023** via Treasure Hunter. - Rarity: Medium *inherent rarity*, but supply has been diluted by frequent Treasure Hunter re-releases, hence its somewhat volatile value. Initial prices above **9M GP** suggest it was perceived as rare upon release. --- ### Price Trends and Key Influences #### Historical Price Movements: 1. **April 2023:** Release period saw the token priced at **~10M GP**, likely reflecting hype and low supply. 2. **May 2023:** The price crashed to **~7,632 GP** after a likely Treasure Hunter re-release. The sharp drop indicates oversupply entering the market. 3. **July 2023:** A spike back to **~1.9M GP** was observed, likely driven by a dip in supply or speculative purchases. However, a subsequent drop to **400,000 GP** on **July 4** aligns with the **Red Portal bug**, which destabilized high-value items and cosmetics due to rampant GP movement and lured rares. 4. **February 2024:** The token recovered to **5M GP**, potentially from renewed interest in older cosmetics following related Treasure Hunter rewards or player nostalgia. #### Event-Driven Analysis of Influences: - **Dupes and Hacks (2023):** The April 2023 dupe (Scrimshaw dupe) brought trillions into the economy, which artificially inflated prices until oversupply corrected the valuation. - **Hero Pass Backlash (September 2023):** This event caused some token demand as players sought non-Hero Pass cosmetics. However, the effect was marginal given the availability of alternative emotes. - **Max Cash Update Exploit (May 2024):** Cash flooding due to the exploit resulted in token prices stabilizing near **5M GP**, with inflated buying power keeping demand steady. - **Upcoming Combat Update (March 2024):** If the environment shifts towards combat-focused content, cosmetics like emote tokens may decline in demand slightly. --- ### Price Prediction: Mid-2024 and Beyond The Walk the Plank token has exhibited a recurring pattern of rapid devaluation following Treasure Hunter resupply and unpredictable recovery with time as tokens leave circulation. Based on historical data: - **Short Term (Next 3-6 months):** - Likely price range: **4M–6M GP.** Stability near 5M suggests demand will at least stay consistent before another re-release. - Potential Dips: Around Treasure Hunter updates (especially holiday-themed), token prices could fall below **4M GP.** - Long-Term Resistance: **9.99M GP**, a possible peak if the token remains unreleased for a prolonged period. - **Long Term (>1 year):** - Rallying above **10M GP** depends on no further re-releases and cosmetic inflation from other tokens (e.g., Black Partyhat promotion). --- ### Flipping Margins Flipping the Walk the Plank token represents a high-risk, high-reward opportunity due to its price swings. Typical margins under current prices: - **Buy low (~3.8M GP)** during re-releases at Treasure Hunter spike periods. - **Sell high (~5.3M GP)** during buyout-driven periods in the economy (e.g., nostalgia-driven interest or GP inflation spikes). - Margin: **1.5M GP per token** on average, provided careful monitoring of game updates/events. --- ### Related Items to Watch/Buy To diversify flipping or cosmetic investments, players should consider: - **Pirate Outfit Tokens:** Similar appeal during Pirate-themed promos, often overlooked by traders. - **Champion's Ring Token (Emote):** Historically steady due to its aesthetic appeal and lower re-release frequency. - **Troll Chuck Token:** A quirky and widely popular Troll-themed item with high demand. - **Seasonal Promos:** Holiday-themed tokens (e.g., Christmas or Halloween emotes) typically see value peaks close to their respective seasons. --- ### Seasonal Price Outcomes - **Positive Seasons:** - **Summer (June to August):** Higher activity levels coincide, increases casual player demand for cosmetics like emotes. - **Eventless Months:** Periods like February or October *after* event-driven content often see slower re-releases, benefiting item scarcity. - **Negative Seasons:** - **Holiday Periods:** Direct Treasure Hunter promos commonly crash token prices temporarily as oversupply dominates. - **March/April Combat Updates:** These focus heavily on functional, not cosmetic, content, dampening emote demand. --- ### Conclusion The Walk the Plank emote token is a speculative item that thrives on scarcity and nostalgia but suffers from the volatility of Treasure Hunter re-releases. Strategic flipping during inactive promo periods, complemented with investments in similar niche items like Champion's Ring or Troll Chuck, poses a strong opportunity to capitalize on RuneScape’s unique economy dynamics. Adjust buy/sell patterns based on seasonal trends and major updates, avoiding large stockpiles during re-release risks.