Weekly NFT Volume Recap | Milady Maker Returns

Weekly NFT Volume Recap | Milady Maker Returns
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This time last week market participants were celebrating and rejoicing as floors were up across the board during the week of NFT NYC despite many users being away from their computers.

While there are still winners from this week, there are also a lot of losers who could not manage to keep pace with the volume and floor growth from the week prior. For more information on the real-time NFT market, refer to our project rankings page.

*All data is taken from the Lucky Trader Project Rankings page and is based on the last seven days of volume unless stated otherwise.

Weekly Uptrends

Despite a week that saw no project do more than 7,000 ETH in volume and many blue-chip projects take a hit in floor price, a few projects managed to muster a notable increase in volume traded. 

Project Volume (ETH) Volume Change Floor Price (ETH) Floor Price Change
Moonrunners 6,152.00 +507.91% 0.29 +69.70%
Otherside 6,373.00 +49.92% 2.84 +27.47%
Milady Maker 517.00 +1225.64% 1.19 +248.53%
Gutter Cat Gang 227.00 +100.88% 6.10 +22.00%

While Moonrunners is down from its ATH floor price that fluttered around 0.80 ETH, zooming out, the project is still third in total sales volume this week and currently sits at a floor of 0.29 ETH, an increase of more than 27 percent from last week. 

Much like the CryptoPunks spike earlier in June that was followed by an announcement about IP rights for Punk holders, Otherside NFTs also experienced an increase in volume and floor price prior to an announcement from Yuga Labs as "The First Trip," a tech demonstration approaches on July 16. 

Arguably the biggest winner in terms of increases in metrics was Milady Maker. The project experienced more than a 1,200 percent increase in volume with its floor price increasing 300 percent in the same time span. 

The last true winner in terms of heavy increases in sales and floor is Gutter Cat Gang. A lot of this volume came following a tweet from project co-founder Gutter Dan that gave an ominous message that said "$GANG WARS," perhaps speculating on the near release of $GANG, the projects upcoming utility token.

While Gutter Cat Gang is the genesis piece in the Gutter collection, the rest of the ecosystem is also up at least 18 percent in floor price following Dan's tweet.

Weekly Downtrends

This list could be larger but for the sake of time, we are going to keep this to bigger projects in the market.

Project Volume (ETH) Volume Change Floor Price (ETH) Floor Price Change
Doodles 2,009.00 -50.86% 12.90 -8.45%
Gossamer Seed 1,458.00 -28.84% 0.44 -19.71%
Dooplicator 1,352.00 -57.56% 2.28 -17.03%
Azuki 996.00 -62.14% 10.90 -4.39%
goblintown.wtf 1,045.00 -56.48% 2.69 -26.74%

Doodles had a big week of events, headlined by its Genesis Box drop that came to a conclusion yesterday. The sale concluded with Doodles selling 20,000 NFTs for 0.508 ETH, bringing in more than $10M. With the Doodles 2 announcement at NFT NYC, the project's ecosystem experienced a huge boom in floor price in both the Doodles and Dooplicator collections. Dooplicator partially revealed but did so enough to show users that 67 percent of the supply are "Very Common" in rarity, hastening the rate at which rare lottery players cut ties with their NFTs. This lottery-type trade could be partially responsible for the floor being down from its ATH of almost 5 ETH to its current floor of 2.28 ETH. 

Gossamer Seed is a new gaming project that is being built by BRON Studios. Late last week the project announced that it would be bringing on the founder of Fortnite, Epic Games, to help build out its game. Following the announcement, a boom in floor price immediately followed, and later the same day the project began partially revealing its collection. Those events were not received quite as positively, and the floor price has fallen slightly, sitting at 0.44 ETH at the time of writing. 

Azuki has seen the largest decrease of projects listed in terms of volume traded, experiencing a decrease of 60 percent from the week prior. However, despite being down the most in volume on this list, it is also the project that has seen the smallest decrease in floor price as well. The project was recently under heavy scrutiny following the news that its founder Zagabond was involved with projects many users consider to be rugs. The Azuki frontman has since attempted to make amends with refunds and by refuting contract ownership. He officially revealed himself at NFT NYC and sparked new speculation about the project by wearing a jacket inscribed with "Black Jade Mahjong Club."

The final project in the list is goblintown,wtf, a free-mint project from last month that hosted a Twitter Space where users gathered to make goblin noises. The project founders recently unveiled themselves, an announcement that was promptly followed by a decrease in floor price.

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.