🚀 Bitcoin NFTs Soar as BTC Passes $65k
Find out who the winners are, plus catch up on all the weekend action and memecoins going bonkers.
TylerD's Market Summary
GM!
Today's top news:
Ordinals see mega-rally as BTC passes $65k
NodeMonke Aliens catch 53 BTC sweep and 17 BTC sale
ETH NFT leaders fall 10% on week
Blast opening weekend disappoints, no major action
Friend Tech teases fair launch, Paradigm approves
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📈 NFT Market Weekend Recap
Ordinals and Memecoins.
Those are the driving forces in the market right now.
And they are having wildly different impacts on the market.
Bitcoin NFT Market
NodeMonkes are leading an absurd rally on Bitcoin right now.
And their headlines have been equally absurd.
Yesterday a whale swept 6 Alien Nodes for 53.45 BTC ($3.3M), sending the Alien floor to 16.5 BTC. He then came back for more, with a groundbreaking 17 BTC buy on the Hoodie Alien.
That came after a Saturday night sweep of 30 floor Nodes (for over $1M) sent the floor up 10% in one go.
The whales have arrived.
Those whales helped drive the Node floor up to 0.87 BTC, and it's helped carry all of the leaders up with it.
Other notable leaders and their weekly change:
OMB at 1.16 BTC (+23%)
NodeMonkes at 0.87 BTC (+113%)
Quantum Cats at 0.38 BTC (+29%)
Bitcoin Puppets at 0.272 (+58%)
Nat Cats at 0.13 BTC (+175%)
RSIC at 0.11 (+8%)
It's not just PFPs though.
Art had a huge weekend. Let's take a look at some of the big winners:
SATS by Harto at 1 BTC (+100%)
The Golden Ratio at 0.39 BTC (+160%)
Bitglyphs at 0.26 BTC (+2500%)
FLARES by FAR at 0.089 BTC (+200%)
FloraForms at 0.017 BTC (+240%)
Several microcaps saw rallies as well, led by Pepenals (+100% to 0.018 BTC).
One could've thrown a dart at the Bitcoin NFT board and made money last week. We'll see how long that lasts.
There is another winner besides early traders this weekend though -
Magic Eden.
Magic Eden is now dominating NFT marketplace share cross-chain.
They have 35% market share on the week, with multiple days over the weekend with that share above 45%.
Their bet on Bitcoin is paying off.
ETH NFT Market
Memecoins and Blast have stolen the recent airdrop meta thunder from the ETH market.
And most of the gains have already been wiped out.
This led to a very red week for most of the leaders (with a few exceptions).
Punks at 56.99 ETH (+2%)
BAYC at 20.37 ETH (-11%)
Pudgy Penguins at 16 ETH (-12%)
Captainz at 5.69 ETH (+19%)
Milady at 4.9 ETH (+115%)
Azuki at 4.7 ETH (-18%)
Creepz at 3.7 ETH (-24%)
MAYC at 3.56 ETH (-12%)
So basically Punks are stable (now at $200,000), the Blur farming leaders all fell 10%, and Milady + Captainz outperformed.
Milady and Remilio ecosystems won due to their ties to memecoins (which are soaring).
Captainz pumped alongside $MEME, and $MEME pumped along with the memecoin rally (along with rumors that stakeland is coming soon).
There were a few bright spots in art with Flamingo DAO sweeping Squiggles back over 8 ETH and AlignDRAW jumping 120% on the week to 1.8 ETH.
Solana NFT Market
Same story as ETH. Memecoins have the attention.
Farmer grid lock continues at the top of the board and none of the NFTs seem to have any real demand.
Tensorians continue to fall as Tensor loses overall NFT marketshare, down 20% on the week to 55 SOL.
Mad Lads are holding stable up top at 184 SOL.
Other than that, no one on Solana is interested in NFTs when memecoins are printing multiples on a daily basis. And the season seems to be just warming up.
Blast's Disappointing Debut
The wild card headed into this weekend was the Blast launch.
And well, it was pretty quiet on what was a very loud weekend.
A few memecoins did well amidst a sea of rugs and zeroes. A few NFTs pumped to 0.2-0.3 ETH levels but no big winners.
There really wasn't much chatter on the timeline at all.
It's early, so we will give them some time. But a disappointing debut to say the least.
🚚 What else is happening in NFTs?
Here is the list of other notable headlines from the weekend in NFTs:
Bitcoin led NFT trading volume with $32.3M on the day; ETH was next with $24.3M and then Solana with $9.4M
NodeMonkes were the top mover on the day tallying $11.3M in volume on the back of a 53 BTC Alien sweep and 17 BTC ATH sale; floor up to 0.888 BTC
The entire BTC NFT board was washed in major green; Nat Cats up 30% to 0.13, Puppets +10% to 0.27 BTC, RSIC +20% to 0.11; OMB +30% to 1.16
Pudgy Penguins led volume on ETH after a whopping 150 ETH sale on a Diamond Skin (2nd highest all time), rallying the floor 10% to 16.3 ETH
Milady and Remilio led ETH top movers, up 19% (4.9 ETH) and 28% (1.38 ETH) respectively; Lasogette rallied 240% to 0.24
Solana NFTs continued to fall over the weekend; Mad Lads -1% to 187 SOL, Tensorians -7% to 55, Parcl -9% to 15, CryptoUndeads -11% to 3
💰 Token, Airdrop & Points Tracker
Introducing a brand new section, highlighting any major token or airdrop news from the day.
Blast passed $2.6B in TVL over the weekend as farming intensifies
$PORTAL introduced Portal Nodes on Friday; token holding at $2.22
$MEME rallied 8% to $0.049 and $525M; $LOOKS was up 14% to $0.1277
🌎 Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
Crypto majors are moving up this morning; BTC +4.3% at $65,000; ETH +1.8% at $3,505; SOL +3.7% at $133
PEPE and BONK led another massive memecoin day, rallying 29% to $3.06B and +27% to $2.17B respectively (both now top 50 in mc)
Coinbase introduced a new smart wallet solution to make crypto onbaording easier last week at ETH Denver
Charlie Noyes from Paradigm praised Friend Tech's upcoming "truly fair launch" and indicated all of the points (re: tokens) will be for the community at launch
🚀 NFT Total Volume
NodeMonkes ($11.3M, 0.87 BTC Floor)
Nat Cats ($3.5M ETH, 0.13 BTC)
Bitcoin Puppets ($3.25M, 0.273 BTC)
Quantum Cats ($1.8M ETH, 0.38 BTC)
Pudgy Penguins ($2.5M, 16.3 ETH)
📈 NFT Floor Price Increase (ETH)
Lasogette (233%, 0.24 ETH Floor)
Lo-fi Pepe (133%, 0.17 ETH)
alignDRAW (100%, 1.79 ETH)
Redacted Remilio (28%, 1.38 ETH)
Pandora (27%, 9.37 ETH)
🗓 Upcoming NFT Mints and Reveals
Today is a slower day of new drops to start the week.
Node Frogs launch on Bitcoin and New Blast City drops on Blast, along with a few art drops.
Everyone is expecting a BTC NFT cool off - will it happen today? We will find out.
See the full list and dive in for more details with Swizzy's daily mint monitor.
Node Frogs (8:00 a.m. ET)
Brutal - Splintered (11:00 a.m. ET)
Memes by 6529 (11:00 a.m. ET)
ClownVamp - PUPPIES (2:00 p.m. ET)
New Blast City (4:00 p.m. ET)
Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email tyler.warner@luckytrader.com.