With the Blur marketplace set for a second airdrop soon, Nansen’s Andrew Thurman theorized that this major NFT dump could be a play to reap extra BLUR token rewards while also booking some profits.
Nifty News: Trump NFTs surge 800%, Yuga Labs blacklists NFT exchanges, and more
Donald Trump’s NFT collection started out strong but then started looking lifeless up until a few days ago.
Google Ads-delivered malware drains NFT influencer’s entire crypto wallet
A sponsored advertising link on Google hid malware that siphoned thousands of dollars worth of crypto and NFTs from an influencer’s wallet.
Mutant Ape Planet creator arrested in NY for alleged $2.9M NFT ‘fraud’
The developer of a Mutant Ape Yacht Club knock-off collection has allegedly “defrauded” investors of $2.9 million and admitted to a rug pull.
Nifty News: Celebs lose big on BAYC, Meghan and Harry building a metaverse, and more.
Celebrities are facing huge losses on their Bored Apes bought during the NFT peak, but big names like Sony and Adidas are pushing further into the industry.
NFT markets slump as weekly sales volume dives 30%
MAYC, BAYC, and Otherdeed trading volumes are all way down, as are volumes in the entire NFT market, possibly signaling a general cooldown in the industry.
ApeCoin: APE price climbs 55% in three days as a ‘BAYC land drop’ rumor goes viral
Owners of the popular Bored Ape and Mutant APE nonfungible tokens (NFT) could receive virtual lands on the Yuga Labs’ upcoming “Otherside” metaverse.
OpenSea NFT trading volume surges as Bored Ape mania intensifies
Data shows that OpenSea has generated more than $700 million in sales so far this year putting the NFT marketplace on track for another record month.
Time For The Apes: Mutant Ape Yacht Club And BAYC Sales Surge, Floor Prices Spike More Than 40%
Both BAYC and Mutant Ape Yacht Club (MAYC) NFT sales have risen since Eminem disclosed that he purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for $452K.
Time For The Mutant Apes To Eat
Last week, Mutant Ape Yacht Club topped other NFTs with a massive increase in sales volume. The initiative, which began at Bored Ape Yacht Club, saw two serum sales of more than $3.5 million each, helping Bored Ape Chemistry Club to make the top ten list.
The Mutant Ape Yacht Club floor price has continued to grow, and additional serum sales could keep the NFT collection in the spotlight. MAYC’s seven-day trade volume of $93.02 million was up 93.41 percent on Sunday, January 2, 2022, according to metrics, while BAYC’s weekly volume of $78.26 million was up 150.97 percent.
BAYC has witnessed $78.26 million in seven-day volume from 434 dealers, according to statistics. While BAYC volume has increased by 150.97 percent, the number of dealers has increased by 101.86 percent, despite the fact that BAYC sales have increased by 122.95 percent.
Over the last week, the MAYC project has seen a nearly 500 percent spike in trading volume. The average sale price of a Mutant Ape NFT has risen from around 8 ETH (over $32,000) on December 21 to over 12.3 ETH (around $50,250) yesterday. The project’s price floor—or the cost of the cheapest-available NFT—has grown by about 40% in the last seven days, reaching 9.9 ETH as of this writing.
The Mutant Ape Yacht Club is an Ethereum NFT project with a total avatar image count of up to 20,000.
Despite rise in NFT sales, ETH/USD price plunges. Source: TradingView
Related article | Eminem Buys Bored Ape Yacht Club NFT That Looks Like Him For $452K
Yuga Labs And Their Mutant Apes Sales
BAYC’s overall market value is currently $2.73 billion, according to all-time metrics. The floor price of a single BAYC in ETH is roughly $273,420 at the time of writing, however the average price today is $287,740 per BAYC.
While BAYC has seen a significant increase, the Mutant Ape Yacht Club (MAYC) NFT collection had the most volume this week. Today’s MAYC volume is $93.02 million, up 93.41 percent. This week, there were 2,234 MAYC dealers, and while an individual MAYC’s floor price is $59,180 per NFT, MAYCs are selling on average for $54,270.
According to DappRadar, the NFT market has exploded in 2021, with almost $10.7 billion in trade activity in Q3 and an estimated $22 billion year-to-date as of earlier this month.
Related article | Only In Crypto: A Croissant Explains Web3 And NFTs To Elon Musk
Featured image from Pexels, chart from TradingView.com