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Boop.Fun leading the way with a new launchpad on Solana.
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Established projects pumping.
Rumors about NFT treasury companies.
They won't be buying this week's new mint, but instead they will invest in the established, proven NFT projects with battle-tested communities.
And there are not too many of them left.
Look for the BTC, ETH etc of NFTs, not the catwifhat equivalent
20.7. klo 01.39
A lot of people are commenting "NFT szn".
If you look at the total NFT market cap, you see some recovery from the bottom, but we're still in the same range since 2023.
I think the reason it feels different is that the recent uptrend is concentrated in a few collections - so the total market cap is no longer a good indicator of how the NFT sector is doing.
The market cap of Pudgy Penguins did a 3x in the last three months.
For Moonbirds, it was a 9x.
CryptoPunks did a 2x, adding $800M USD to the total NFT market cap.
The next "NFT bull market" will likely not be a broad one with everything pumping.
Instead, we might see the few existing collections that have been building / are still relevant doing super well.
I even think we gonna see new ATHs because all the energy will be focused on them.
Also can’t neglect the impact of ETH/USD on this chat
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