Morning Minute | A $1B Airdrop Coming Soon

Morning Minute | A $1B Airdrop Coming Soon

TylerD's Market Summary

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๐ŸŽ Wormhole Announces Airdrop Details

March may truly be airdrop SZN.

While it's gotten off to a bit of a slow start, there are signs that big things are coming.

And accelerating.

What Happened?

Yesterday, Wormhole announced new details for its upcoming airdrop.

And with its $W tokens trading at $1.40 premarket, this is set to be a $2.5B airdrop event (with $860M earmarked for the community).

In quick summary:

  • Token supply: 10B tokens with 1.8B circulating
  • Eligibility: Users interacting with a variety of chains + applications and NFT holders
  • Airdrop supply: 617.3M for Community & Launch
  • Airdrop breakdown: 500M for onchain activity, 117.3M for community (Discord, NFTs, Monad, Pyth)
  • NFTs*: DeGods, Mad Lads, y00ts, Bad Kids
  • Snapshot: Feb 6 2024
  • Eligibility checker:

Essentially anyone who used Wormhole as a cross-chain bridge or any of the apps in its ecosystem qualified for a token allocation.

As did several communities along with a few groups of NFT holders.

Mad Lads for example are getting 16,000 $W tokens per Lad (with 3,200 available at unlock). 

And with $W trading in the $1.40 range on Whales Market - that means each Mad Lad is getting a $22,400 airdrop ($4,480 at unlock) at current prices.

Mad Lads are currently at a $24,000 floor. So the airdrop is worth as much as the NFT.

We like airdrop SZN.

But it comes with a caveat.

The Airdrop Meta Impact

The caveat* - holders had to register and get a specific role in the Wormhole discord.

This has become a point of some controversy from those who passively held and thus are missing out on the massive windfall.

The lesson? If you have been buying NFTs recently in hopes of benefitting from airdrops, you better stay active for signals like this to make sure you don't miss crucial steps.

It's time to buckle down and pay attention.

More Airdrops Coming

Wormhole isn't the only major airdrop expected this month or at least soon.

A few major ones expected in the near future (in no order):

  • Kamino (new details coming today)
  • Parcl
  • Tensor
  • Marginfi
  • Friendtech

And there's a laundry list of other airdrops coming in the next 2-3 months.

We'll do our best to keep you up to date on those airdrops and what users need to do with this newsletter.

Let the Airdrop SZN begin...

๐Ÿšš What else is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • Ethereum led NFT trading volume with $34.5M on the day; BTC was next with $19.9M and then Solana with $11.5M
  • The ETH NFT leaders were red again; BAYC even at 17.9 ETH, Pudgy -9% at 13.45, MAYC -6% at 2.78, Azuki -7% at 4 and DeGods -15% at 1.8
  • Milady and Mocaverse were the only leaders in green, +7% and +4% respectively; Roope's REWORLD was the top mover, +93% to 1.5 ETH
  • Two wallets funded with $4M in $APE were market buying BAYC consistently yesterday in a sign that Machi's ApeCoin DAO proposal to buy $24M worth of BAYC and MAYC is in motion
  • Total liquidations on Blur's Blend hit ATH on Wednesday as the ETH NFT market continued to bleed
  • Another Skull of Luci traded for a 70 ETH package including a CryptoPunk in the 2nd deal in 2 days
  • A full AlignDRAW set sold for $150,000 on Wednesday, though the overall floor fell 7% to 1.59 ETH
  • Matt Furie teased a new collaboration with Chain/Saw called....."The Peplicator" coming soon
  • Chimpers founder Timpers teased a new Magic Eden drop with details coming today
  • OMB was the top mover on the day tallying 50 BTC in volume and jumping 30% to a 1.65 BTC floor ($110,000)
  • Other BTC leaders all fell on the day, with NodeMonkes -17% to 0.61 BTC, Nat Cats -20% to 0.09, RSIC -20% to 0.09, Puppets -10% to 0.177 and Quantum Cats -15% to 0.342
  • Inscription #70 sold for 5.145 BTC ($345,776) in the latest low inscription to see a major sale
  • New mint Bangers soared from a 0.0138 BTC mint to a 0.065 floor, a solid 4x return for minters
  • Solana NFTs mostly chopped on the day; Mad Lads even at 193 SOL, Tensorians even at 52, Claynos -5% to 32
  • The Mad Lads Backpack Exchange announced its first snapshot will be on March 18
  • A few more big NBA Top Shot sales hit the books in the past day: Paolo Banchero for $9,999 (jersey match), Tyrese Haliburton for $7,500 & $6,879, and a Steph Curry for $4,400
  • Both NFTfi and Arcade shared bullish updates from their Februarys, each coming in over $12M in lending volume and seeing strong growth

๐Ÿ’ฐ Token, Airdrop & Points Tracker

Introducing a brand new section, highlighting any major token or airdrop news from the day.

๐ŸŒŽ Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

๐Ÿš€ NFT Total Volume

  • BAYC (1,595 ETH, 17.94 ETH Floor)
  • Pudgy Penguins (1,582 ETH, 13.45 ETH)
  • OMB (50 BTC, 1.6 BTC floor)
  • MAYC (873 ETH, 2.78 ETH)
  • Azuki (687 ETH, 4.07 ETH)

๐Ÿ“ˆ NFT Floor Price Increase (ETH)

  • REWORLD by Roope (93%, 1.5 ETH Floor)
  • Heurist Imaginaries (65%, 2.4 ETH)
  • Nippy (49%, 0.41 ETH)
  • Schizoposters (45%, 0.32 ETH)
  • OnChainMonkey (32%, 1.95 ETH)

๐Ÿ—“ Upcoming NFT Mints and Reveals

Today is a busy day of new drops and events, spanning gaming, Pokemon and art.

Emily Xie is back with Avant Arte for a low supply (30 NFTs) drop priced at $2.760 for "Guardian Lion."

Floor is continuing its Season 2 with drop 5 coming today, and Courtyard is doing another Pokemon pack drop.

See the full list and dive in for more details with Swizzy's daily mint monitor

  • Shrapnel STX1.2 (10:00 a.m. ET)
  • Courtyard - Rare Treasures (11:00 a.m. ET)
  • Emily Xie x Avant Arte - Guardian Lion (1:00 p.m. ET)
  • FLOOR - Icons Season 2 Drop 5 (1:00 p.m. ET)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email

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.