Daily Newsletter
May 6, 2022
NFT Market Update
Yesterday’s daily trading volume on OpenSea was down approximately -5% from the day before, with approximately $168.5 million worth of trading volume for the day – which is still on the high end compared to the rest of Q1 of 2022.
Trading volume from yesterday and the day before is mostly owed to the launch of Project PXN as the project has seen more than 16,500 ETH (approximately $45,257,025) worth of trading volume in the last 48 hours.
Source: Dune Analytics
Cryptos Plunge
A heavy sell-off in the stock market spread to digital assets, as most of the major cryptocurrencies tanked over the last 24 hours. Bitcoin is down 9.1% over the last 24 hours at $35,927 and Ether is down 8.2% at $2,689. A number of other cryptos also experienced heavy losses, with ApeCoin down 18.2% over the last 24 hours at $13.22 and AVAX down 13.2% at $57.39.
Project Launches
PXN Ghost Division
Project PXN was the most hyped NFT project since the Otherside Metaverse Deed sale as they boasted more than 428.1k followers on Twitter. The mint phase concluded approximately 48 hours ago as a Dutch Auction starting at 2 ETH, which sold out in a matter of minutes. The floor price for the PXN collection pumped to as high as 4.89 ETH during the first hour of their launch, and later the collection dipped to as low as 1.78 ETH during the WL mint phase while paper handed investors took profits. The collection has picked up a substantial amount of volume in the last 4 hours as the floor price rose from 1.79 ETH to a current floor price of 3.5 ETH at writing.
Supply Count: 10,000
Dutch Auction Mint Price: 2 ETH
WL Mint Price (taking place later today): 0.35 ETH
Current Floor Price: 3.5 ETH
Website: https://www.phantom.sh/
Twitter: https://twitter.com/projectPXN
Discord: https://discord.com/invite/projectpxn
OpenSea: https://opensea.io/collection/pxnghostdivision
Otherdeed for Otherside
Yuga Labs made history by launching the most successful NFT project in history with their latest collection drop called ‘Otherdeed’ which launched on April 30th, 2022. The floor price of this collection is currently trading at less than the initial mint price which cost approximately 4.2 ETH or more for anyone who was able to mint. The Yuga Labs team still has yet to announce any information regarding the metaverse lands, and how all of the resources, kodas, and artifacts will be used. It is more than likely that the collection will pick up volume and pump once again when more details surrounding the Otherside metaverse are released. The collection floor price of the Otherdeed for Otherside sits at 3.39 ETH at the time of writing.
Supply Count: 100,000
WL & Public Mint Price: 305 Ape Coin per deed
Current Floor Price: 3.39 ETH
Website: https://otherside.xyz/
Twitter: https://twitter.com/OthersideMeta
Discord: https://discord.com/invite/the-otherside
OpenSea: https://opensea.io/collection/otherdeed
NFTStar Fan Pass – Son HeungMin
NFTSTAR Fan Pass – Son Heung-Min was the first-ever official drop by Son with a total supply of 10k NFTs. NFTStar is an NFT company based out of Korea that works with high-profile athletes to help them create and sell NFTs. Currently, this project is still in its public mint phase and approximately 5.9k NFTs out of 10.8k have been minted at the time of writing. By owning four or more of Son Heung Min’s NFTs, holders will be able to get WL access to Neymar Jr.’s NFT collection.
Supply Count: 10,800
WL & Public Mint Price: 0.09 ETH
Current Floor Price: 0.09 ETH
Website: https://www.nftstar.com/hm-son
Twitter: https://twitter.com/THENFTSTAR
Discord: https://discord.gg/NFTStar
OpenSea: https://opensea.io/collection/hm-son
Kahiru: Heroes of Ruy
KAHIRU is a 3D anime NFT project with a total collection size of 7,222 digital avatars created by Hodei Piquer and a fully doxxed team. The mint for Kahiru occurred less than 24 hours, which sold out in less than an hour during its public sale. The collection soon saw a lot of trading volume during the first 30 minutes of its mint phase where the floor price rose from 0.19 ETH to as high as 0.28 ETH during its peak. Currently, the floor price of this collection is sitting at 0.129 ETH as the community waits for the reveal in hopes of another big pump.
Supply Count: 7,222
WL & Public Mint Price: 0.12 ETH
Current Floor Price: 0.129 ETH
Website: https://www.kahiru.io/
Twitter: https://twitter.com/kahirunft
Discord: Closed/Locked
OpenSea: https://opensea.io/collection/kahiru
BEANZ Reveal
BEANZ, a companion project from the blue-chip Azuki project revealed their collection yesterday. A BEANZ NFT can be paired with an Azuki using the Azuki website, and also have a “selfie mode”. The Azuki community certainly seem split by the reveal, with some members delighted with their cute little companions, while others are disappointed by the deviation from the OG Azuki art. The floor price following reveal dropped from just under 6 ETH to around 4 ETH – which is to be expected as collectors put their less rare NFTs up for sale after failing to secure any rare items.
Supply Count: 20,000
Mint Price: Free for Azuki holders
Current Floor Price: 3.99 ETH
OpenSea: https://opensea.io/collection/beanzofficial
Other Articles
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