- The transaction volume for the Sappy Seals NFT collection rose by 498% over the previous 7 days.
- Sappy Seals’ unexpected success cannot be separated from the recent hype surrounding Pudgy Penguins.
- On December 27, Sappy Seals earned $764,000 in trade volume, which was half what it had been the preceding seven days.
Sappy Seals, one of several relatively minor NFT collections that gained traction on the secondary market in the first week of 2023, is one of the biggest eye-catchers. Sappy Seals, Pudgy Penguins, Renga, The Potatoz, and mfers all experienced a significant increase in NFT trading volume, while the floor price barely changed.
The Sappy Seals NFT collection’s trade volume increased by 498% over the last 7 days to a total of $1.46 million. The cartoon seals were able to move up to the 24th spot in the NFT Collection rankings as a result.
It is impossible to divorce Sappy Seals’ surprising success from the recent buzz surrounding Pudgy Penguins. Luca Netz, a new leader for the penguins, is the Sappy Seals’ captain. Wab.eth is an unidentified member of the community. In both instances, the community’s belief in its leader has given the projects a lot of buzz.
Sappy Seals generated $764,000 in trading volume on December 27, which was half the amount for the previous seven days, making that day stand out in the last week. Without going into much detail, Wab.eth predicted that the Sappy Seals project would get off to a good start in 2023.
Wishing you all a sappy new year! 🥂🎉🎊 pic.twitter.com/iKt2f9kxjR— Sappy Seals (@SappySealsNFT) January 1, 2023
The leading Web3 companies in the industry had a respectable week. For instance, the floor price at Bored Ape Yacht Club jumped 7.8% over the previous week to $83,870. CloneX’s price plummeted by 4.9%, while Mutant Ape Yacht Club‘s floor price fell by 0.35%.
The smaller collections, like Sappy Seals, saw the most activity. For instance, the Pudgy Penguins collection has long been a popular choice. While the floor price has remained constant over the past week, transaction volume has surged by 249%. But over the preceding month, the floor price of the penguins rose 32%. This happened following Luca Netz’s presentation of the project’s updated intentions.
Today we begin Building in Public.— Luca Netz 🐧 (@LucaNetz) December 24, 2022
We’re going to build one of the world’s biggest brands with @pudgypenguins and we’re going to do it while leading the charge on transparency.
001: https://t.co/bX5WVymySV pic.twitter.com/q8Ssmn4WqT
10,000 cute seal NFTs called “Sappy Seals” will have a home on the Ethereum blockchain. It is a project driven by the community to grow the metaverse.