Daily Newsletter
NFT Market Update
The OpenSea daily trading volume saw a significant dip yesterday as the trade volume on OS was down by -26.9% compared to the day before, with approximately $25.3 million traded. The NFT market is in a strange predicament as many previous blue chip projects have lost most of their initial value, and many MEME-based NFT projects like goblintown and ShitBeast have become the new flavor of the month and pumping to astronomical prices despite being free mints.
Source: Dune Analytics
Crypto Update
The global cryptocurrency market cap is the same as it was 24 hours ago, as it is still valued at just under 1.3 trillion dollars. The cryptocurrency market has been fairly lackluster for the past month since the Terra Luna and USDT debacle, which wiped out close to 45 billion dollars of liquidity from the cryptocurrency space.
The major cryptocurrencies and altcoins have taken another dip over the last 24 hours. Bitcoin’s price is down 1.4% over the last 24 hours at $29,651, and Ether is down 3.3% at $1,735.
Source: CoinGecko
Trending Projects and Launches
Pixelverse Poops
Pixelverse Poops is a collection that is the latest brainchild from the pieceofshit.wtf team who is also responsible for other successful degen MEME projects such as the ShitBeast and the ‘ill poop it’ collection.
Each person who owns an OG ‘ill poop it’ can create a pixelverse poop by using/burning a plunger. You can use a maximum of 5 plungers on 1 OG poop which will get you five pixelverse poops in return. These pixelverse poops are metaverse compatible and will be usable in the pieceofshit metaverse, which is still in development.
The Pixelverse Poops collection is still in its mint phase, and it is unclear when the claiming process will end. The floor price of Pixelverse Poops currently sits at 0.39 ETH at writing.
Supply Count: 5,531 (still minting)
Mint Price: Plunger + OG Poop
Current Floor Price: 0.39 ETH
Website:
https://pieceofshit.wtf/poops-factory
Twitter:
https://twitter.com/pieceofshit_wtf
Discord: No Discord
OpenSea:
https://opensea.io/collection/pixelverse-poops
Knights Town
Knightstown is a new free-to-mint 6,969 piece MEME-based NFT collection of hand-drawn knights building on top of the goblintown.wtf lore, although they don’t have any affiliation with the goblintown project itself.
According to the Knightstown lore, the knights are responsible for ridding the land of the insurrection caused by the goblins.
Like many other free-to-mint projects that came before it, the Knightstown website is only used for minting purposes, and they have no Discord server.
The floor price of Knightstown went as high as 0.1 ETH when they launched earlier today, but the hype has since then died down, and the floor price at writing sits at 0.014 ETH.
Supply Count: 6,969
Mint Price: free + gas
Current Floor Price: 0.014 ETH
Website:
https://www.knightstown.wtf/
Twitter:
https://twitter.com/Knightstownnft
Discord: No Discord
OpenSea:
https://opensea.io/collection/knightstown-wtf
Based Ghouls
Based Ghouls is a collection of 6,666 pixelated PFPs that are mostly MEME-based and have no current utility. Based Ghouls was a relatively unknown NFT project that launched two weeks ago on May 23rd. The project is still in its mint phase, and 5,829 out of 6,666 NFTs have been minted at writing.
The Based Ghouls collection saw little to no trading volume during its initial release, and the floor price remained under 0.1 ETH for weeks. In the last 24 hours, the collection went from 3 sales per day to more than 4,259 transactions, and the collection floor price ended up pumping more than 10x overnight.
The Based Ghouls collection currently has no roadmap, no Discord, and no utility, and the project has only 2.2k followers on Twitter at the time of writing.
It is also interesting to note that the Based Ghouls Twitter feed currently has only 30 likes and seven retweets per post on average which is a meager engagement rate compared to their other MEME-based competitors.
Supply Count: 6,666
Mint Price:
Current Floor Price: 0.118 ETH
Website:
https://www.basedghouls.com/
Twitter:
https://twitter.com/BASEDghouls
Discord: No Discord
OpenSea:
https://opensea.io/collection/based-ghouls
Shit Plunger
‘Shit Plunger’ is a collection of 1,100 shit plunger NFTs which is the latest MEME-based degen NFT project to get launched by the infamous @pieceofshit_wtf team. The @pieceofshit_wtf team is also responsible for creating a few other degen/MEME-based NFT collections such as ‘ill poop it’ and ShitBeast.
There is only 1 item for the Shit Plunger NFT with 1,100 owners. Although information surrounding the Shit Plunger collection is sparse, it is likely the Shit Plungers was a free mint and only mintable by using the $SHIT tokens generated by holding an ‘ill poop it’ NFT or a ShitBeast.
The @pieceofshit_wtf team made history today as they had 4 projects trending in the top 15 of OpenSea. $SHIT coin was also the #1 trending token on Dextools today. All of this is quite historical as everything was done without influencers or hype, and everything was based on 100% organic growth.
Supply Count: 1,100
Mint Price: $SHIT + gas
Current Floor Price: 0.325 ETH
Website: https://pieceofshit.wtf/
Twitter:
https://twitter.com/pieceofshit_wtf
Discord: No Discord
OpenSea:
https://opensea.io/collection/shitplunger
End of Sartoshi
‘End of Sartoshi’ is the collection to be released by the artist, @sartoshi, the same artist behind the MFers collection, which is another 10k collection with a floor price of more than 1.8 ETH at writing.
‘End of Sartoshi’ was minted on Foundation on June 9th, and it was sold as an open edition available for anyone without any mint limits or restrictions.
The ‘End of Sartoshi’ ended up with a final supply count of 16,996 NFTs, and the floor price sits at 0.041 ETH at writing. This is said to be the last project released by sartoshi, and he will be vanishing forever, according to his latest official blog post. He subsequently deleted his Twitter account with hundreds of thousands of followers.
Supply Count: 16,996
Mint Price: 0.069 ETH
Current Floor Price: 0.041 ETH
Website: https://endofsartoshi.xyz/
Twitter: No Twitter
Discord: No Discord
OpenSea: https://opensea.io/collection/end-of-sartoshi
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