A brief and concise look at the NFT market over the last 24 hours.

Daily Newsletter

NFT Market Update

Much of the liquidity in the NFT space seems to be flowing into the cryptocurrency market as the global cryptocurrency market cap has been on the rise. The trading volume on OpenSea yesterday was down by -19.6% compared to the day before with slightly less than 14.8 million dollars traded. 

Source: Dune Analytics

Crypto Update

The cryptocurrency market has been in the green for the past three days in a row, and most major altcoins and cryptocurrencies were up yesterday. The global cryptocurrency market cap was up by +3.5% with a total valuation of just over 975 billion dollars. 

Bitcoin is up by 3.3% and trading at just over $21,037. Ether is up by +5.6% and trading at $1148.

 Source: CoinGecko

Project Launches


Moonrunners

Moonrunners is a free-to-mint 10k collection of pixelated wolf PFPs that launched earlier today. 

The project has no Discord server or roadmap, but the NFT community took a liking to the artwork behind the PFP and many are rallying to the Moonrunners collection. 

The success of Moonrunners is additional confirmation that the free mint degen meta is still in full swing.

 The average floor price of Moonrunners began at around 0.03 ETH and the collection began to immediately pump as the NFTs with the rare traits got sold between 0.3 ETH to even more than 2 ETH. 

The current floor price of the Moonrunners collection sits at 0.19 ETH and in less than 7 hours the collection has seen more than 760 ETH worth of trading volume. 

Supply Count: 10,000

Mint Price: free + gas

Current Floor Price: 0.19 ETH

Website: https://www.moonrunners.io/

Twitter: 
https://twitter.com/MoonrunnersNFT

Discord: No Discord

OpenSea: 
https://opensea.io/collection/moonrunnersnft

It’s nothing

It’s nothing is a collection of 8,888 NFTs that is mostly a mystery as of yet. The NFTs, according to the team are literally nothing until nothing reveals on June 26th. 

The lack of information, entertainment, and speculation is what sells in the current NFT market, and the It’s Nothing team has been playing this to a tee. 

The only additional information that the team has left for us on Twitter is as follows: “Until reveal, we will stay silent. Believe in nothing.” 

The It’s nothing collection sold out within 2 hours since its launch despite high gas costs during its mint phase. Initially, it was going to be a 1 mint per wallet, but due to the high gas fees, minters were allowed to mint an additional 2 NFTs during the second mint phase. 

The ‘It’s nothing’ collection currently sits at 0.062 ETH at writing, and the entire community is excited in anticipation of the reveal.

Supply Count: 8,888

Mint Price: free + gas

Current Floor Price: 0.062 ETH

Website: https://itsnothing.xyz

Twitter: 
https://twitter.com/itsnothing_nft

Discord: No Discord

OpenSea: 
https://opensea.io/collection/itsnothing-nft

AreYouSeeingThis

AreYouSeeing is a collection of 1,337 NFTs that launched earlier today as a free-to-mint project which is completely ambiguous. It is a story-driven degen project and the story begins like this:

“They are trying to keep me here. I can’t say much. I left some info where they can’t see it. This is my first transmission. Help me.”

When looking at the project’s official Twitter page, a picture of a TV broadcasting an emergency transmission can be seen.

 According to the project’s latest tweets, “This is our last chance, but just the beginning. It will all make sense soon. I promise.” 

There is no additional information about the project at this current time, but this isn’t stopping the collection from selling. 

The current floor price of this collection sits at 0.05 ETH which is a great start to a free mint project that launched a little less than 2 hours ago at writing. 

Supply Count: 1337

Mint Price: free + gas

Current Floor Price: 0.05 ETH

Website: No Website

Twitter: https://twitter.com/AreUSeeingThis

Discord: No Discord

OpenSea: 
https://opensea.io/collection/areyouseeingthis

The Bear Market Bullies

The Bear Market Bullies is a collection of 7,777 bear avatar NFTs that launched on June 22nd. The collection went with an instant reveal, and the collection sold out within 12 hours. 

The Bear Market Bullies was a free-to-mint project which is part of the Genetic Chain umbrella which is an NFT collection that curates and launches NFT projects alongside well-known artists.

According to the ‘The Bear Market Bullies’ Twitter page, “FVCK A BEAR MRKT. FVCK A WEBSITE. FVCK SPACES. TWITTER  ONLY”. 

This collection has a royal fee of 10%, and it was free to mint for all Genetic Chain NFT holders who held their NFTs in time for the snapshot. 

The floor price of this collection sits at 0.17 ETH at writing, and the collection has seen more than 158 ETH worth of trading volume since its launch. 

Supply Count: 7,777

Mint Price: free + gas

Current Floor Price: 0.017 ETH

Website: No Website

Twitter: 
https://twitter.com/BearMrktBullies

Discord: No Discord

OpenSea: 
https://opensea.io/collection/the-bear-market-bullies

LonelyPop

LonelyPop is an anime-style 10k PFP collection created by Thai artist, Noinah in collaboration with 0xStudio. 

0xStudio is known for its exceptional marketing prowess in the NFT space, being largely responsible for the success of 3Landers, among other NFT projects. 

The LonelyPop collection was initially intended to be a Dutch Auction with a starting price of 1.5 ETH, but the team later decided to change the mint details last minute due to the NFT market conditions. The mint cost for WL members was 0.075 ETH, and the public sale price was 0.15 ETH.

The reveal for the LonelyPop collection was less than 24 hours ago, and since then, both the collection floor price and the trading volume have been in a decline. 

The collection floor price sits at 0.195 ETH at writing which is about 40% less than what it was yesterday. 

Supply Count: 10,000

Mint Price: free + gas

Current Floor Price: 0.195 ETH

Website: https://lonelypop.com/

Twitter: 
https://twitter.com/LonelyPopNFT

Discord: 
https://discord.com/invite/lonelypop

OpenSea: 
https://opensea.io/collection/lonelypop

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