Morning Minute | Blast Delays Airdrop, Blast Gold πŸ“‰

Morning Minute | Blast Delays Airdrop, Blast Gold πŸ“‰

TylerD's Market Summary

Today's Morning Minute is brought to you by nftperp, your gateway to the future of NFT derivatives trading!

Are you ready to dive into the world of NFT trading but hesitant due to high entry barriers? Look no further than nftperp.

nftperp allows traders to go long or short NFTs with the click of a few buttons. 

And now it is officially live on Blast L2, providing a lower fee environment for traders along with:

  • New "Degen Draw" raffle game

  • Punks, Penguins and Milady's live for trading

  • 100% of their Blast airdrop being shared with the community

  • Additional $VNFTP rewards for traders

They just recently announced 3x Blast Gold rewards for their next distribution along with completing a recent Angel fund raise, backed by names like Dingaling, Zeneca and more.

So check out nftperp and start trading today.

🎁 Blast Announces Delayed Airdrop Date

Excitement was building for what was supposed to be the final stretch of Blast farming ahead of the airdrop coming end of May.

Well, farmers and traders are going to have to wait another month.

And many don't seem happy about it.

What Happened?

Yesterday Blast announced its airdrop date for June 26.

Other highlights from the announcement:

  • The airdrop allocation will be increased due to the delay
  • 2 more Dapp Blast Gold distributions are coming
  • Blur Season 3 will end on June 26 as well

So the team confirmed more dilution of Blast Gold (though we don't know how much) but a slight consolation in increasing the airdrop token allotment.

This led NFT Stats to drop his Blast Gold estimate from $10 to $6, based on:

  • an increase in Gold from 56M to 100M (his assumption)
  • raising distribution size from 5% to 6%
  • lowering the FDV from $12B to $10B tied to the state of the market

That's a big reduction, but note that his reduction in FDV was also a major factor. Had he held the FDV estimate at $12B, Gold would still be north of $7.

Regardless of the specifics and assumptions - everyone's estimates were revised down by this mostly disappointing news.

Market Response

There were some notable winners after the news broke.

  • $PAC jumped 18% to $52M as many think it will likely hit more Jackpots
  • The Fantasy Top floor rebounded after a recent dip, as many think it will continue being a top recipient of Gold

Fantasy Top seems to be the biggest winner here.

They got the 2nd biggest allotment of Blast Gold in the last distribution and there's no reason to think that will change in the next one.

Many have questioned how long the game will remain viable once Gold rewards are removed - well, now they're confirmed to last another 6-7 weeks at minimum.

That gives the team a lot of runway to develop a real fan base, generate revenue and develop plans for a post-Gold world.

Jackpot enthusiasts are winners here too. Now there are at least another month of Jackpots to root for (hence the PAC pump).

The other winners - late comes to Blast. They now have another month to dive in and catch up to those who were early (early farmers likely the biggest losers here).

So get some rest - the final Blast sprint just turned into a 6-week marathon.

🚚 What else is happening in NFTs?

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

  • BTC led NFT trading volume with $9.9M on the day (+60%); ETH was next with $5.3M (-18%) and then Solana with $2.8M (+8%)
  • NodeMonkes led BTC trading volume with 28 BTC volume and rebounded 10% to 0.314 BTC; most leaders pumped 5-10%
  • OMB even at 0.378 BTC; Quantum Cats at 0.36, and Bitcoin Puppets at 0.22
  • ETH NFT leaders were mostly green with +1% to 13.5 ETH; Pudgy even at 11.4 and Azuki +2% to 5.38
  • Anata, Rumble Kong League and Killabears led top movers, jumping 25-30% on the day
  • Solana NFTs were red again on the day as Sol pumped; Mad Lads -7% to 59 SOL, Tensorians even at 13; DeGods -8% to 39, and SMB Gen 2 even at 31
  • Blast NFTs saw a mix of red and green, Blast-Man +9% to 0.16 ETH, Blastopians -10% to 0.19 ETH and Plutocats +5% to 1.56
  • Art Blocks announced Art Blocks Studio, creating a space for artists to experiment, publish on their own contracts, connect with their collectors, and more

πŸ’° Token, Airdrop & Protocol Tracker

Here's a rundown of major token or airdrop news from the day:

  • The Yield token from Crypto Valleys won Blast Jackpot 9, with the 15% win returning 276k Blast Gold to holders
  • Wormhole added Blast so that dapps can connect to 30+ blockchains for token transfer
  • Phantom adds Pump dot Fun to its list of Auto-Confirm partners as the memecoin platform continues to drive $1M+ in fees daily
  • PUPS soared 88% on Wednesday to become the #2 Runes by market cap at $270M
  • Broader Runes rallied as well following PUPS, with DOG +11%, RSIC +18% and DECENTRALIZED +20%

🌎 Around Crypto and Web3

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

  • Crypto majors are very green this morning after CPI came in under expectations and the S&P 500 hit ATH; BTC +5.5% at $66,110; ETH +3% at $3,000, SOL +13% at $163
  • Memecoin majors were mixed with DOGE +3%, WIF even, PEPE -6%, BONK +6%; PUPS, BODEN, TREMP outperform
  • Grayscale had net BTC inflows of $27M on Wednesday after CPI came in under expectation
  • Millenium Management disclosed a $2B BTC position making up 3% of its $64B fund
  • The SDNY announced the arrest of two brothers for stealing $25M in crypto via "a technologically sophisticated, cutting-edge scheme they plotted for months and executed in seconds”
  • Binance released a new "Spot Copy Trading" feature, allowing users to copy trade experienced traders
  • Robinhood Crypto EU launched a Solana staking feature

πŸš€ Memecoin Movers 

  • $PUPS (+99%, $270M market cap, Solana / Bitcoin)
  • $BODEN (+70%, $308M market cap, Solana)
  • $TREMP (+61%, $87M market cap, Solana)
  • $BRETT (+38%, $360M market cap, Base)
  • $TRUMP (+31%, $440M market cap, ETH)

πŸ“ˆ NFT Floor Price Increase (ETH)

  • Beeple Spring collection (56%, 8.59 ETH Floor)
  • Panda Eyes (48%, 0.09 ETH)
  • Full Send Metacard (35%, 0.27 ETH)
  • Anata (30%, 0.97 ETH)
  • Killabears (24%, 0.57 ETH)

πŸ—“ Upcoming NFT Mints and Reveals

Today is a fairly busy day of mints and events.

The $DRIFT token claim goes live this morning.

And then the Fantasy Top Common-only Tournament starts this afternoon at 2 pm ET. Expect some jostling into lock.

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

  • $DRIFT token claim (8:00 a.m. ET)
  • Munchies (12:00 p.m. ET)
  • Elders of Crypto (12:00 p.m. ET)
  • MLow - Based PEPEs for Peace (12:00 p.m. ET)
  • Floor Icons Series 3 - Vamktory (1:00 p.m. ET)
  • Fantasy Top - Common Tourney (2:00 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 to

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.