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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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The Azuki team stole 20,000 ETH, but the NFT market lost 200,000 ETH of liquidity
As the Azuki incident continued to ferment, the community complained, and many long-term holders sold, smashed, and left, which further drove the market sentiment to bottom out. People once again discussed the stagnant development and weak innovation of PFP NFT, and the Azuki series of works fell across the board. At the same time, other NFT prices were not spared, and the total market value of NFT also dropped rapidly within a few days.
According to NFTGO data, before Azuki launched the Elementals series (on the evening of June 28), the total market value of the NFT market was about 3.474 million ETH, and the total market value of the NFT market as of now is 3.318 million ETH. Yesterday, the total market capitalization dropped to 3.232 million ETH at one point. Calculated on the basis of ETH, it dropped by 7% compared to before the crash. If calculated on the basis of US dollar, it fell by 6.5%.
This time, the Azuki team took 20,000 Ethereum from the community by selling rough and small pictures, but their operation caused the liquidity of 200,000 Ethereum to be taken away from the entire market.
So since the "Azuki crash", how have the major blue-chip NFT series performed? Who is most affected by the "sit together", and whose price is relatively firm? The chart below was produced by Odaily Planet Daily: