Azuki fortunes reverse as sales soar after floor price drop

Azuki non-fungible token (NFT) revenue rose by additional than 800% in the previous 24 hours after a 50% floor selling price dive due to rug pull allegations towards the founder.

See linked post: Twitter hacker requires more than confirmed accounts to boost faux Azuki NFT drop

Rapid points

• Much more than US$50 million well worth of Azukis have been traded in the earlier day, and the collection has now totaled US$710 million in historic sales, earning it the eighth-greatest NFT selection, in accordance to CryptoSlam.
• The gross sales surge follows a plunge in floor price from 16.2 ETH (US$38,484) to 8.3 (US$19,717) ETH on Tuesday, in accordance to CoinGecko.
• On Tuesday, Azuki’s pseudonymous founder Zagabond shared in a weblog post the lessons learned from a few earlier unsuccessful jobs — CryptoPhunks, Tendies and CryptoZunk.
• CryptoPhunks was handed back again to the neighborhood after many de-listings owing to copyright fears, though Tendies shut down because of to absence of interest, and CryptoZunk fell target to large gasoline charges, Zagabond wrote.
• Some Twitter end users alleged Zagabond’s response to the failures mirror traits of rug pulls, a type of scam when founders abandon projects and flee with investors’ money.
• Zagabond has denied the allegations. 

See relevant post: BAYC’s floor value surpasses 100 ETH considering that ApeCoin launch