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
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