UPDATED gm NFTs Dec. 22: The Punk Flippening, Le Anime Day 3

UPDATED gm NFTs Dec. 22: The Punk Flippening, Le Anime Day 3

Top News Today:

  • The Forced, Fake Flippening
  • Le Anime Day 3 Auction
  • TokenTax Tax Review

The Fake Flippening

Update: Early Wednesday morning there was a more legitimate Punk flippening, but the two projects have gone back and forth. As of 10:30 am ET, Punks hold a narrow edge in floor price.

Amidst calls for the flippening of CryptoPunks by the Bored Ape Yacht Club, a forced flippening was instituted last night by notable NFT personality and ape holder, "Franklin." While the Bored Ape Yacht Club floor held 51.9 ETH on OpenSea, Franklin listed CryptoPunk 349 for 51.89 ETH, temporarily providing a flippening event when comparing the floors of the two collections. CryptoPunk 349 was immediately snatched up, and business was back to normal with a tightened race, albeit one still led by the CryptoPunks when comparing floor prices. 

All done! Listed and immediately sold my CryptoPunk 349 for 51.89 ETH. So for the duration of less than one second, the #BAYC floor passed the Punk floor. No more “People’s Punk” for me (unless I buy back in lol) pic.twitter.com/cDCrpF2XJ9

Le Anime Auctions Day 3

The third and final day of the Le Anime auctions kickstarts today at 3:00 p.m. ET. Today's auction sets forth the remaining 4,444 NFTs - with unsuccessful bids from yesterday's auction rolling over to today. The auction format introduces a unique concept for NFT participation, allowing willing participants to bid any price they wish - with a minimum bid threshold established. In order to win, you must bid above the reserve bid threshold, but you do not need to bid any more (unless you wish). The top 4,444 bids from today's participants, or unsuccessful rollover bids from yesterday, will take home the last of the NFTs.

 

 

Need help preparing your crypto and NFT taxes? Our staff is working on a series of reviews for the most popular cryptocurrency and NFT tax preparation software. Read our full review and signup for TokenTax below! 

 

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NFT Market Updates

  • Creature World ticked back up a bit after a long spaces event last night from Danny Cole
  • After sellout and reveal in the last few days, newly release Galaktic Gang is back down near mint price at 0.08 ETH floor. 
  • Rumble Kong League keeps rumbling forward, increasing floor to 3.23 ETH.

Disclaimer: Lucky Trader is not a registered investment advisor. You understand that the service is furnished for your personal noncommercial, information, purpose only. No mention of an NFT in the service constitutes as a recommendation to buy, sell, or hold that or any other NFT. Nothing within the service shall, or is intended to, constitute financial, legal, accounting, or tax advice. Any decision that you make to buy, sell, or hold an NFT should be based on an assessment of your risks in consultation with your personal advisers. 

More about Bored Ape Yacht Club

Arguably the most successful NFT project, the Bored Ape Yacht Club (BAYC), is a collection of 10,000 uniquely generated bored apes that are stored on the Ethereum blockchain. Launched on April 23, Bored Ape Yacht Club had a mint price of 0.08 ETH and the collection sold out on April 30, 2021. Since its launch, the project has dropped multiple companion collections including Bored Ape Kennel Club, Mutant Ape Yacht Club, and Otherdeed for Otherside, and has helped onboard a number of high profile and celebrity collectors to the NFT ecosystem.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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