gm NFTs Mar 8: Market Movers, Gutter Clones, New Drops

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Overall NFT volume increased 20% on Monday, but still posted one of the lowest daily candles of 2022 with just $59mm traded. But it was enough to pull some projects back in to the green, and we have a big day of news and drops ahead of us to hopefully maintain the upwards momentum.

Market Movers

After what seemed like a blood bath in the NFT markets over the weekend and into Monday, we saw a slight rebound into the evening and overnight. Of the top 10 daily movers, 5 posted floor price increases on the day.

Top Movers:

BAYC with 2800 ETH traded, 73.5 ETH floor (up 2%)
CyberBrokers with 2700 ETH traded, 1.98 ETH floor (up 16%)
CloneX with 1100 ETH traded, 11.2 ETH floor (down 1.5%)

Biggest Winners:

Quirkies up 34% to 0.9 ETH floor
CryptoCovens up 28% to 1.09 ETH floor
Rug Radio Membership up 29% to 0.08 ETH floor

Notable Losers:

Tubby Cats down 23% to 0.21 ETH floor
Starcatchers down 22% to 0.28 ETH floor
Nuclear Nerds down 19% to 0.29 ETH floor

Gutter Clones

The Gutter Cat project had a highly anticipated town hall meeting Monday evening, and it didn't disappoint. Amidst a series of other announcements, including more detail on the Puma partnership, the team revealed Gutter Clones!

Gutter Juices (DNA Vials) will be airdropped to all holders of any of the Gutter Cat NFT family today (snapshot taken sometime prior). A public sale will be held for the remaining supply, within the next 24 hours.

The market seems to be responding well to the news, as Gutter Cat Gang is holding a 5.74 ETH floor and has been one of the top performers for PFP projects in the past week. Will we see a drop after the vials are released? Time will tell.

To read more about the other updates to the Gutter Cat ecosystem, refer to our recent Gutter Cat Gang Town Hall Recap.

Today's Drops

A few projects to watch today:

HyperLoot (presale) at 11:00 AM EST: 0.05 ETH mint, 20,000 total supply
BattleFly "Batch 1" at 11:59 AM EST and "Batch 2" at 11:59 pm EST; free mint, supply TBD, lottery system for mints
Hot Dougs (presale) at 12:00 PM EST; 0.05 ETH mint, 6,969 total supply

Have a good Tuesday!

Author Bio

Tyler Warner

Tyler is a high-volume NFT trader, having reached the top 100 in NFT sales revenue using NFTBank’s rankings, a Pengu maxi (in Luca we trust), and a writer for Lucky Trader. Tyler’s writing spans market analysis, news breakdowns, project ecosystem overviews, and web3 opinion pieces.

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. AI may have assisted in the creation of this content.