Friendship Bracelets by Alexis Andre

Pranksy Breaks Out Broom for Friendship Bracelets
Julian Son

Notable NFT collector and project founder Pranksy swept 146 Friendship Bracelets for a total of 151.6 ETH today

 

❗ Why it Matters: Pranksy has a major influence over the NFT market, driving attention to many of the industries leading projects. Pranksy didn't just sweep floor bracelets on his way to two complete sets. He bought 52 bracelets in the 1-2 ETH range, and 10 bracelets for 2-4+ ETH.

 

Pranksy Breaks Out Broom for Friendship Bracelets
NFT Morning Minute | The End of Friendship
Tyler Warner

Good morning!

Take a minute to catch up on the latest in the web3 space. Here are today's NFT market analysis, top movers, and upcoming mints:

Skip to

NFT Total Volume

NFT Floor Price Increase

NFT Floor Price Decrease

Upcoming NFT Mints

Tyler Warner's NFT Market Summary

Trading volume ticked back up over 27,000 ETH on Monday in a big day of NFT trading, surprisingly led by Friendship Bracelets.

What's going on with Friendship Bracelets?

The Friendship Bracelets free mint window officially closes at 1 p.m. ET today. Apparently, hundreds of people like to procrastinate, as yesterday's mint volume was the highest since week 1 of minting.

Over 3,600 were minted yesterday, as the total supply soared from near 34k to 38k this morning. That's more bracelets than were minted in the entire month of December.

The floor understandably fell Monday from local highs of 0.7 ETH back to 0.5 ETH, but it seemed to find solid support at that level. Even with the minter going brrrr, the floor never really fell below 0.5 ETH, and this morning it's up to 0.54 ETH with 6 hours of minting to go.

Now the million dollar question becomes - what happens when the minter turns off today?

What else is moving?

Most of the top-end sets dipped or chopped on the day. BAYC fell slightly to 82.5 ETH with Mutants also down slightly to 18.2 ETH. Azuki fell more, down about 10 percent to 14.5 ETH, with Beanz at 1.88.

The Memes by 6529 were a big winner Monday, jumping 36 percent to 0.375 ETH floor, and putting the "FirstGM" aside as the largest supply card, the floor is now at 0.56 ETH.

The driver is likely tied to the latest allowlist mechanics, where 6529 is enforcing a 2-phase mint to avoid gas wars. The phase 1 allowlist requires more cards, thus eager participants have been buying up floors. Yesterday's SZN2 card debuted at 0.73 ETH, a solid 10x for minters.

Other top movers on the day include Abosho (+70%, 1.96 ETH) and the DigiDaigaku ecosystem, which say Digis and Heroes both jump 20% to 11 ETH and 3.57 ETH. Founder Gabe Leydon has teased their programmable royalty solution, coming today, and the long-awaited free Super Bowl mint is now in sight.

Other notable news from NFTs and Crypto:

NFT Total Volume

  • Bored Ape Yacht Club (1,583 ETH, 82.5 ETH Floor)
  • Friendship Bracelets (1,414 ETH, 0.54 ETH)
  • Azuki (1,281 ETH, 14.5 ETH)
  • Otherdeed for Otherside (1,273 ETH, 1.38 ETH)
  • Mutant Ape Yacht Club (1,217 ETH, 18.2 ETH)

NFT Floor Price Increase

  • Abosho (70%, 1.96 ETH Floor)
  • Impostors Genesis (45%, 0.55 ETH)
  • Memes by 6529 (36%, 0.375 ETH)
  • DigiDaigaku (20%, 11 ETH)
  • DigiDaigaku Heroes (19%, 3.57 ETH)
  • Chimpers (16%, 2.07 ETH)
  • CyberKongz (12%, 2.39 ETH)

NFT Floor Price Decrease

  • 0n1 Force (-11%, 0.79 ETH)
  • Friendship Bracelets (-10%, 0.54 ETH)
  • Azuki (-10%, 14.5 ETH Floor Price)
  • Captainz (-7%, 5.1 ETH)
  • Kubz (-10%, 1.52 ETH)

Upcoming NFT Mints and Reveals

  • Game of Thrones: Build Your Realm (11:00 a.m. ET)

Winter is here, as Game of Thrones NFTs officially launch on Nifty's today. The Hero Box NFTs will mint for 0.11 ETH, with a 5k total supply for this Series. 

Hype has been fairly low for this one, though picked up a bit last night. With no other big drops today, this has the chance to steal market attention (until tomorrow). And given about 75 percent of the supply is for allowlist, there may be additional secondary demand early.

The determining factor will likely be how the market responds to the Avatars artwork within the Hero Boxes. If it's liked, or tolerated, these likely 2x from mint. Otherwise, it could spell pain.

Enjoy this write-up? Follow along with me on Twitter @tyler_did_it or reach out via email tyler.warner@luckytrader.com.

For all volume and floor price data, see Lucky Trader's Project Rankings page.

For all upcoming mints, see Lucky Trader's Project Schedule page.

NFT Morning Minute | The End of Friendship
Friendship Bracelet Deadline Approaching
Logan Hitchcock

The Art Blocks' Friendship Bracelets claim is ending in 24 hours on Jan. 10 at 1:00 p.m. ET, according to the initial release announcement

Why It Matters: After 1:00 p.m. ET, no wallet entitled to the free claim of Friendship Bracelets will be able to acquire the NFTs, finalizing the circulating supply of Friendship Bracelets. 

Action Items: Any wallet that was holding any Art Blocks NFTs on Oct. 26, 2022, is eligible to claim two free Friendship Bracelets. Wallets must only pay gas to claim their NFTs. Claims can be made on the official project page. 

By The Numbers: The Friendship Bracelets collection is up to 35,526 NFTs and counting as the deadline rapidly approaches. While free to claim, each NFT is worth approximately 0.48 ETH at the time of writing, nearly $650 based on the current ETH price. 

Friendship Bracelet Deadline Approaching
How Are NFTs Holding Up?
Tyler Warner

Today has been a very volatile day in the crypto markets, to say the least. Binance is set to potentially acquire FTX in a blockbuster move, and early fallout from the news has sent several crypto tokens down sharply.

So what is the early impact on the NFT market?

Market Volume Impact

For starters, volume is down. Yesterday OpenSea hit $12M in trading volume, but so far today has just $5.45M (on pace for ~$7M). This is partially caused by the dipping ETH price (-18.7% to $1,300), as well as crypto trading clogging up the Ethereum blockchain and driving up gas prices.

But in general, NFT liquidity typically dries up on very volatile macro crypto days.

That lack of liquidity has started to impact some NFT project sectors.

PFP Impact

The top-end PFP market is holding steady, so far.

BAYC is at 66.8 ETH on Blur (removing flagged assets) and 69.5 ETH on OpenSea (+0.74%). CryptoPunks are at 64.69 ETH, even on the day, but leading the volume charts with 546 ETH traded (flight to quality). 

Mid-tier PFPs are down slightly, with CloneX at 8.6 ETH (-2.6%), MAYC at 12.35 ETH (-0.56%), and Azuki at 11.07 ETH (-1.2%), though the 3 sets have combined for just 156 ETH volume.

Though, while these projects' floors are mostly steady in ETH terms, they are now down ~20 percent in USD with the recent ETH dip.

Recent Movers Impact

The volatility seems to have hurt recent project movers the most.

Friendship Bracelets opened the day at 0.3 ETH floor but have since dropped 30 percent to 0.2 ETH. KPR has fallen 16 percent to 0.64 ETH, and RENGA has given back some recent gains, falling 12 percent to 1.05 ETH. Art Gobblers also continue their recent downtrend, falling another 6 percent to 3.8 ETH as GOO hits $11.7 (-14%).

Other (Surprising) Impacts

Perhaps the biggest and most important NFT takeaway from this crypto volatility is out of Frank DeGods and the Solana ecosystem. For those not following, SOL has been one of the hardest-hit tokens (besides FTT), down 26 percent on the day to $23.79.

This has led Frank to reconsider his future on Solana.

To be clear, he indicates no "rash decisions" will be made and promises to engage the community in the decision-making process.

The y00ts floor has taken a beating on the day, down 20 percent to 58 SOL ($1,379 or 1.05 ETH). The mint t00bs are down ~10 percent at 82.5 SOL.

UPDATE: as of 3:51 p.m. ET Frank shared that he deleted his tweets about moving to ETH, due to their impact. He did mention that dialogue will remain open but "No decisions will be made today."


This situation is all still evolving and the full extent of the impacts likely will not be known for days (perhaps weeks). Additionally, NFT market action does typically lag crypto actions, so there may be greater moves over the next few days.

One thing is fairly likely though - we will not see a big NFT rally until the crypto markets re-stabilize.

How Are NFTs Holding Up?
NFT Morning Minute | The Power of Friendship
Tyler Warner

gm!

Take a minute to catch up on the latest in the web3 space. Here are today's NFT market analysis, top movers, and upcoming mints:

Skip to

NFT Total Volume

NFT Floor Price Increase

NFT Floor Price Decrease

Upcoming NFT Mints

Tyler Warner's NFT Market Summary

OpenSea trading volume came in at 7,500 ETH ($12M) on Monday, in a nice rebound from the weekend. That volume was led by BAYC with 1,400 ETH traded (66.8 ETH floor), on the back of a whopping 888 ETH in spend by notable holder j1mmy.eth.

The bigger headliner, though, was Art Blocks Friendship Bracelets. The Bracelets surged over 100 percent on the day with 1k ETH volume, reaching a 0.29 ETH floor. This happened while supply inflated another 15 percent on the day, now at 21,100 as traders speculate on what the resting supply will be. 

Art Gobblers continue their steep and rapid decline, down another 37 percent to 3.55 ETH as GOO reaches $18. Big winners on the day included gmDAO Token at 4.95 ETH (+70%), Aopanda Party at 1.35 ETH (+53%), and a few Art Blocks sets as Squares reached 3.33 ETH (+25%), Flux hit 1.2 ETH (+36%), and Fidenza saw 3 sales and hit a 99 ETH floor.

The crypto markets took a tumble late Monday night as the feud between CZ Binance and SBF rages on. BTC fell to $19,730 (-4.9%), ETH to $1,485 (-5.9%), and SOL was hit even harder at $28.23 (-10%), all in relation to the crashing FTX token FTT, now at $17.21 (-22.5%). This is the primary story to watch today, as a crashing crypto market could stunt any and all NFT rallies in their tracks.

In other news, OpenSea spoke out on Monday, clarifying their stance on creator royalties and extending the timeline for existing collections to comply while community discussion continues. Nifty Gateway announced its own open-source royalty enforcement tool, and notable digital artist XCOPY shared plans for a revenue model change in response to the OpenSea royalty move. Rolex filed trademarks for NFTs and the Metaverse, and Ledger announced a partnership with Solana to support the Saga Solana Mobile phone.

NFT Total Volume*

  • Bored Ape Yacht Club (1,400 ETH, 66.8 ETH Floor Price)
  • Friendship Bracelets (1,006 ETH, 0.29 ETH Floor Price)
  • Art Gobblers (525 ETH, 3.55 ETH Floor Price)
  • KPR (407 ETH, 0.78 ETH Floor Price)
  • CryptoPunks (287 ETH, 63.95 ETH Floor Price)

NFT Floor Price Increase*

  • Friendship Bracelets (100%, 0.29 ETH Floor Price)
  • gmDAO Token (70%, 4.95 ETH Floor Price)
  • Aopanda Party (52%, 1.35 ETH Floor Price)
  • Flux by Owen Moore (36%, 1.2 ETH Floor Price)
  • Squares by Martin Grasser (25%, 3.33 ETH Floor Price)

NFT Floor Price Decrease*

  • Art Gobblers (-38%, 3.55 ETH Floor Price)
  • Castaways - The Islands (-27%, 2.4 ETH Floor Price)
  • Theirsverse (-15%, 0.5 ETH Floor Price)
  • DigiDaigaku Adventure Keys (-11%, 0.28 ETH Floor Price)
  • Tide Predictor (-10%, 0.68 ETH Floor Price)

Upcoming NFT Mints and Reveals

  • Nickelodeon Season 2 TV Packs (2:00 p.m. ET)
  • Voiders (TBD)

Today is a very slow day of new mints. Expect most volume to be on the secondary markets, likely led by Friendship Bracelets again (now a major Blur airdrop farming set), KPR (now 2 days ahead of reveal), Aopanda (recent runner), and whichever other sets can catch some market attention. 

For all volume and floor price data, see Lucky Trader's Project Rankings page.

For all upcoming mints, see Lucky Trader's Project Schedule page.

*data retrieved at 8:00 a.m. ET. Volume and percentages are based on the last 24 hours. Notable projects are included, typically with a 0.25 ETH minimum on the projects listed in this roundup.

NFT Morning Minute | The Power of Friendship
Sharp Wallets Are Exiting Friendship Bracelets
Lou Sherman

Profitable wallets are exiting Friendship Bracelets by Alexis Andre according to our Sharp Report

In the past 24 hours, the project has seen a net loss of 48 profitable wallets (those that have made more than 50 ETH trading), as the floor has risen from 0.07 to 0.12 ETH. 

About nine percent of the wallets holding a Friendship Bracelet are sharp wallets that made more than 50 ETH in profit. 

For more on Art Gobblers, check out Lucky Trader's full breakdown of the project.

Sharp Wallets Are Exiting Friendship Bracelets
Art Blocks 'Friendship Bracelets' Are Live
Tyler Warner

The highly anticipated and free "Friendship Bracelets" mint is now live after a delay this morning, verified in the Art Blocks discord. The delay was due to a website bug this morning, which was fixed within about forty minutes.

The project mint page can be found here, and as a reminder, any wallet which held an Art Blocks NFT prior to the snapshot on Oct. 26 is eligible to mint 2 Friendship Bracelets for free.

Those eligible to mint (holders of any Art Blocks NFT prior to the snapshot) are encouraged to feel free to wait, especially if gas prices are high, as the claim window is open until Jan. 10, 2023.

Learn more about the project in our announcement post or on the project website.

Given the supply could reach 30,000+, these NFTs were not necessarily being viewed as trading assets. But recently, community members have chatted about their use as "status symbols" for early Art Blocks adopters. That chatter coupled with the high caliber of art from Mac Tuttui and Snowfro in the early outputs, perhaps this project could see some secondary market traction. 

Art Blocks 'Friendship Bracelets' Are Live

KEEP UP TO DATE

Sign up for our Newsletter. Daily updates on the biggest stories with expert analysis
By subscribing you accept the LuckyTrader Terms and conditions.