Market Update | 'ORI' Up 45% in Early Trading
Today's Art Blocks Curated drop "ORI" by James Merrill is up 45% in early trading on the OpenSea marketplace.
ORI minted out its supply of 450 at the 1.2 ETH final price, with about 10 percent of the supply minted in the 1.5-1.7 ETH range. The floor quickly rallied to 1.8 ETH on large volume along with several high sales of over 3 ETH, with the top sale currently at 5 ETH.
This was an interesting "heat check" moment for Art Blocks mints, as the ecosystem has major tailwinds headed into last week's crypto crisis, but has since lost some momentum (and volume). Monday's Art Blocks Presents drop "Fleur" ran 40 percent in early trading but quickly fell back below the mint price, leading to some community concern on price action today.
The price action has been strong so far. Here are some key metrics:
- Total trading volume: 363 ETH
- Floor price: 1.75 ETH
- Percent listed: 37%
- Unique owners: 69%
Read more about the project here.