Silver Lining for Ethereum NFT Prices but Azuki Seems to be Drowning


  • Moonbirds, Bored Apes, and other NFT projects are rising after Monday’s dip.
  • Azuki is crashing harder due to controversy over one of its founders.
  • Reports believe Azuki has landed in hot water.

As uncertainty and tension swirled around the possibility of cryptocurrency market crash moved closer to the tokenized collectibles as well, a number of priceless and popular NFT collection witnessed declining price points in a jiffy. Quite a horrific day yesterday was!

Today, it seems tables have turned as many of such NFT projects have got back their significant value; however, same can’t be said for Azuki, an Ethereum profile picture collection that has been engulfed by a controversy over the past day.

According to the data from NFT Price Floor, the cheapest NFT in the secondary market for projects like Moonbirds, Doodles, Bored Ape Yacht Club, Clone X and Mutant Ape Yacht Club have bounced by double-digit percentages when measured in terms of US dollars, per data.

Growing valuations are tied to the price of Ethereum. Compared to yesterday, it has increased slightly just above $2,200. Currently, it is sitting at a price of $2,300. A number of collections’ lowest-priced NFTs are up in terms of ETH measurements.

Among the pool of assumed blue chip NFT projects, Moonbirds has faced largest single-day bouncebacks. In terms of USD value, its current price is 25 ETH, marking a rise of 41% in value during the last 24 hours. The project saw a hard hit yesterday probably because of its relative recency, which took it at a low of 17 ETH.

In terms of USD, the Bored Ape Yacht Club floor is up 15% today to $230,000 (99.8 ETH), Mutant Apes are up 23% to above $52,000 (22.5 ETH), and Otherdeed virtual land deeds for the upcoming Otherside metaverse game—from the Bored Ape creators—are up 12% to nearly $6,900 (nearly 3 ETH). Talking about CryptoPunks, they have faced a bump at 5% to just over $123,000; whereas, Meebits have popped up 28% to $13,400.

Moving on to project that can be called as the odd one out for today, it is Azuki since its floor price has lost 43% of its USD value in the past 24 hours, dropping to about $24,000 (10.4 ETH).

OpenSea had its lowest single day of Ethereum NFT trading volume on Sunday, with only $52.3 million, it bounced-back to about $83.4 million on Monday.

As holders bail out and newbies expect scoring a deal on an until-recently hot profile picture collections, Azuki NFTs have been the hot sellers during the last 24 hours. CryptoSlam has reported nearly $45 million worth of Azuki sales across all marketplaces, which signifies a 734% increase over the previous period.

Bored Ape Yacht Club remains at its peak price. A Bored Ape NFT started at $429,000 on April 29, one day before the controversial Otherdeeds launch. Though initial price of a Broad Ape Yacht Club NFT is still down about 46%; it was down 55% from the peak a day ago.