Fantasy Top Prepares For Big Week Ahead
Plus Roaring Kitty's return sends GME and KITTY skyrocketing.
TylerD's Market Summary
GM!
Today's top news:
Crypto majors jump 3%, Cobie bear posts
Pudgy Penguins debut toys in Target; floor jumps 7%
Fantasy Top shares timeline, new scoring and more; floor pumps
Roaring Kitty returns; GME and KITTY soar
Ordinals and Runes continue slow decline
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🚀 Fantasy Top Changes The Game
Fantasy Top took the Blast ecosystem and broader crypto degen base by storm in the past 2 weeks.
Their social media influencer fantasy game was a novel idea, and it seems to have found some real demand.
And changes announced for this upcoming week should see that demand continue to rise.
What Happened?
The Fantasy Top team made a series of big announcements yesterday ahead of this week of action.
First, the timeline:
May 13: Introduction of new Hero Score v0.3
May 14: Main Tournament 2 to begin (333k Blast Gold in prizes)
May 16: First "Common Cards only" sub-tournament (with a twist)
Along with the timeline, the team also shared:
The new Heroes 2 Cohort
More information on card distribution and how the inflation works
New Heroes Rewards including 1.5% fee on volume, 10% share of pack sales, free cards and Gold/fan points
It was a lot to unpack.
First reaction - the introduction of the Common Only tourney and that it would be concurrent (running at the same time) was the blockbuster news here.
If one assumes 15k entries in both tourneys, that would mean ~150k cards locked in teams. That's a huge supply crunch.
The new Heroes score change is huge as well, as it’s going to change the reach scoring component and favor bigger accounts along with frequent posters.
Market Response
Not surprisingly, the floor has pumped since this announcement.
The overall card floor is at 0.015 ETH and up nearly 100% off local lows (~5x from 9 days ago).
Packs have been steadily increasing in price, now at 0.43 ETH, meaning demand there isn't slowing down.
Other notable stats (from Hildobby's flipside page):
13,126 ETH in total trading volume ($38.8M)
21.1k weekly users
3,974 ETH in treasury ($11.8M)
Total card supply at 217k (+9% on week)
It will be telling how tournament entries go this week.
If they can see similar entry size as last week (~19k entries), then prices are likely to boom.
The other factor to watch is the "twist" coming for the Common-only tournament.
Some have predicted limits on types of cards which can be used (5-star and below), NFT PFPs only or even some kind of burn tactic (burn 1 card to enter, burn all cards played).
As long as the team doesn't make any major errors, they should continue to see major success.
They still have 2.5M Blast Gold to give out (and are likely to get even more IMO).
And there's nothing else to do in this market.
Crypto is chopping, memecoins are quiet, NFTs are going sideways or down.
This is the main game in town right now - expect the degens to keep playing.
🚚 What else is happening in NFTs?
Here is the list of other notable headlines from the weekend in NFTs:
ETH led NFT trading volume with $6.4M on the day (+69%); BTC was next with $5.1M (-20%) and then Solana with $3M (-14%)
ETH NFT leaders were green led by Pudgy; Pudgy +7% to 12.2 ETH, BAYC +1% to 14 ETH; MAYC +3% to 2.65; Azuki +1% to 5.09
You The Real MVP and Parallel Avatars led notable top movers
Pudgy Penguins announced the debut of their Pudgy Toys in Target, including community-licensed Pengus through Overpass
A 0-Trait CryptoPunk sold for 270 ETH ($790k) on Sunday, marking only the 2nd sale on these rare Punks in the last 3 years
BTC NFT leaders fell after a recent rally; Puppets -10% to 0.21 BTC, NodeMonkes -10% to 0.29; Quantum Cats and OMB hold at 0.38
Solana NFTs were mixed on the day; Mad Lads -2% to 69 SOL, Tensorians +10% at 14; DeGods even at 42
Blast NFTs saw mostly red on the weekend; Blastopians -4% to 0.29, Plutocats -19% to 1.72, Blast Penguins -30%, Blastoadz +9%
Memeland CEO announced a HK$100,000 bonus for any employees with a new born along with a HK $1M bonus for 10 years of employment
Chimpers announced a new collectible card dropping on Base
💰 Token, Airdrop & Protocol Tracker
Here's a rundown of major token or airdrop news from the weekend:
Tokens won big on Blast this weekend with $BAJA winning Jackpot 6 and then $JUICE winning Jackpot 7
$SPEC rallied post-TGE, briefly reaching a $40M mc before retracing to $28M
Friend Tech meme club Hog McCrankerson rose over 100% this weekend to a 394 $FRIEND floor ($~800) and $1.6M mc
rug dot fun finished its first game on Friday with Airdrop and RDF "winning" and the other 8 tokens rugging
Runes saw more red this weekend with FEHU -7% to $2.4B mc, DOG -8% to $234M, PUPS -14% to $172M and RSIC -12% to $164M
🌎 Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
Crypto majors are mostly green this morning; BTC +2.4% at $62,650; ETH +1.1% at $2,960, SOL even at $145
Memecoin majors chopped with DOGE even, WIF -2%, PEPE +1%, BONK even; KITTY, GME outperform
The GME token soared 700% after Roaring Kitty returned to X with a meme showing he's dialed in
Bitcoin Magazine announced it's CEO David Bailey has been collaborating with Donald Trump's campaign to develop their crypto policy
Franklin Templeton's CEO said she expects all ETFs and mutual funds to be onchain based on results of a side-by-side experiment
🚀 Memecoin Movers
$KITTY(+8500%, $10M market cap, Solana)
$GME (+700%, $28M market cap, Solana)
$SLOTH (+40%, $80M market cap, Solana)
$MANEKI (+25%, $50M market cap, Solana)
$CHIPPY (+30%, $15M market cap, Solana)
📈 NFT Floor Price Increase (ETH)
You The Real MVP (69%, 69 ETH Floor)
Parallel Avatars (17%, 0.73 ETH)
Terraforms (17%, 0.97 ETH)
Tarot (15%, 2.25 ETH)
Elemental Beans (11%, 0.89 ETH)
🗓 Upcoming NFT Mints and Reveals
Today is a very slow day of new drops.
Expect most attention on Fantasy Top and perhaps any big announcements out of the Blast ecosystem as we move into the final stretch pre-TGE.
See the full list and dive in for more details with Swizzy's daily mint monitor.
Only Good Vibes Matter (9:00 a.m. ET)
Memes by 6529 (11:00 a.m. ET)
Scrips (12:00 p.m. ET)
Kukang (12:00 p.m. ET)
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