😲 'Flipped' Okay Bears REMOVED From OpenSea- 19th May, 2022

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24hr Market Overview 📈

NFT Market Recap

On Wednesday we saw Opensea trade yet another day of low volume, totaling $38.6 million. Both Bitcoin and Ethereum made slight retracements after a few days of bouncing from their lows, this resulted in NFTs once again taking a hit. Fortunately, this time losses weren't so severe.

Both Bored Ape Yacht Club (97 ETH, -0.51%) and Mutant Ape Yacht Club (19.95 ETH, -0.2%) managed to remain stable despite other projects taking losses, which is a great sign of strength for Yuga Labs. Furthermore, Otherdeed (3.17 ETH, +0.6%) avoided any downside at all, and instead saw small gains.

Other projects which didn't perform so well as the markets retraced include:

• Azuki | 13.2 ETH, -5.65%

• Adidas Originals | 1.38 ETH, -8%

• Invisible Friends | 4.9 ETH, -9.09%

• Doodles | 13 ETH, -6.81%

Whilst the general market retraced, we did see individual projects with gains. This is nice to see and is very different from last week when everybody was panic selling projects.

Degen Toonz (1.8 ETH, +12.5%) saw decent gains, the project has established an incredibly strong community, even during this period of downwards momentum. There is also a claimable NFT for Toon holders which will take place at the end of the month, you can read more about that here.

Karafuru, the project which held an airdrop a few days ago saw a bounce in price. The price had originally dropped after holders had claimed their airdrop for a 3D Karafuru, however, we have since seen a solid bounce with the price up +16.35% and now sitting at 1.8 ETH.

Overall it has been yet another day of low volume in the NFT market. We have seen more and more attention shifting to SOL NFTs, with a steady increase in trading volume on Magic Eden, Solana's biggest marketplace. This is something which we also saw in September of last year. If you would like us to start covering SOL NFTs in our daily newsletter, let us know!

Biggest Purchases

🥇 #1) Otherdeed #5702 bought for 199 ETH ($383,633.88)| Link

🥈 #2) CryptoPunk 3468 bought for 149.99 ETH ($293,824.67)| Link

🥉 #3) Bored Ape #6167 bought for 145 ETH ($288,808.81)| Link

Latest NFT News 📰

🐻 After recently reporting that Opensea would start automatically detecting and releasing 'copycat' NFT collections - the first high profile removal has happened. The much hyped 'Not Okay Bears' - an Ethereum based flipped derivative of the Solana blue chip 'Okay Bears'. They released a few days ago, minting at 0.02 ETH each and subsequently sold out, donating around $60k to charity. They are now only available to trade on LooksRare. What are your thoughts on flipped derivatives?

🤖 After multiple high profile hacks on discord servers such as Okay Bears, RTFKT, Cool Cats and Moon Birds, much of the NFT community blamed the popular Mee6 Discord bot. The company has denied reports that the bot itself was hacked, and have stated that a Mee6 employees account was compromised. Remember to be careful even when popular projects release a 'stealth mint' on a new website!

Today's Biggest Drops 👀

Boki:Socials: Discord - Twitter - WebsiteWhen: 19th May 19:00 EST / 02:00 GMTPrice: 0.066 ETH / 7,777Notes: Boki has a high community allocation - it may be hard to grab a public mint!Hype: 🟩🟩⬛

Money Bags Community Sale:Socials: Discord - Twitter - WebsiteWhen: 19th May 17:00 EST / 22:00 GMTPrice: 0.1 ETH / 5,555Notes: Offering giveaways and ETH prizes if a diamond, gold bar or cash stack is minted. More details can be found in this official tweet.Hype: 🟩⬛⬛

Meme of the Day 🤣

Credit: (twitter.com/xShearx)

That's all from us! Happy minting!

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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.