😲 Bored Apes Disrespect Graffiti Legend!- 16th June, 2022

GM and welcome to the NFT Minter Daily - The daily no-bullshit newsletter with everything you need to know about NFTs, from the latest news, market recaps and the hottest mints, in less than 5 minutes! ☕

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24hr Market Overview 📈

NFT Market Recap

Yesterday, Opensea traded $20.36 million as much of the markets saw a temporary bounce. This morning, some of that bounce has since retracted.

Yuga Lab's Bored Ape Yacht Club led the way in terms of volume, with 2,763 ETH in sales and the floor sitting at 86.85 ETH. A lot of the Ape sales over the past few days have been from very long-term holders, who purchased their Apes when they were just a few hundred dollars.

This means that many of these holders had held huge unrealised profits but then capitulated during this dump.

NFT NYC starts next Tuesday which we will be covering, BAYC have already caused a stir, after graffiting over a New York graffiti legends work. 😬

Many other projects on Ethereum saw some more relief however this still doesn't make up for the larger losses sustained over the past week. Azuki reclaimed its 10 ETH floor, up +6.38%. Doodles (10.42 ETH, +8.54%) did the same.

Damien Hirst's - The Currency (7.44 ETH, +25.47%) saw big gains, this came with a significant +330% increase in volume. The project is unique in that you can redeem your NFT for a physical edition from the legendary artist. There is a burn cut off date in July, with a large number of burns over the past day causing a supply shock and increasing floor.

You can track how many of the collection has so far been burned here.

Other notable movemenets included:

• Illuminati NFT | 0.62 ETH, -6.77% (retraced after yesterday's huge pump, still up big over the week)

• Mfers | 1.5 ETH, +14.5% (Nice to see a bounce after Sartoshi left last week)

• Otherdeed | 2.1 ETH, -3.18%

• Goblintown.wtf | 2.9 ETH, -20.8%

Biggest Purchases

🥇 #1)  Bored Ape #8639 bought for 137 ETH ($165,415.47)| Link

🥈 #2)  Bored Ape #6853 bought for 128 ETH ($154,549.77)| Link

🥉 #3)  Bored Ape #7544 bought for 115 ETH ($142,142.70)| Link

Latest NFT News 📰

👺 According to NFTPlazas, the founders of one of the most recent NFT hype trains ‘Goblintown’ have doxxed themselves as ‘Truth Labs,’ a self-described collective of Web3 creators who are also behind the ‘IlluminatiNFT’ and ‘The 187’ projects.

Today's Biggest Drops 👀

👻 There's nothing worth minting on our radar today - check back tomorrow! 

Meme of the Day 🤣

Credit: (twitter.com/jimtalbot)

That's all from us! Enjoy your weekend!

Disclaimer: The NFT Minter Daily DOES NOT provide financial advice. All content within this newsletter is for informational and entertainment purposes only. The NFT Minter Daily is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.