💰 Magic Eden Raises $130 Million Despite Crypto Crash!- 21st June, 2022

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24hr Market Overview 📈

NFT Market Recap

On Monday, Opensea traded $17.32 million in what was a mostly positive day for the markets

Azuki (11.99 ETH, +20.02%) saw a solid day of gains, as did CLONE X (11 ETH, +6.28%) and Doodles (13.37 ETH, +6.54%). It's nice to see these projects find strong buying support and shows us that the NFT space had been heavily oversold.

CryptoPunks (67.40 ETH, -1.46%) saw a slight retracement coming off the back of the announcement which was made over the weekend, this retracement is somewhat expected after the project had pumped over 40% in 3 days.

NFT NYC started yesterday, and a video was posted by @bobbyhundreds on Twitter showing an Anti-NFT protest. This video caught on like wildfire, going insanely viral. The video was in fact a marketing stunt by the project Adam Bomb Squad (0.43 ETH, +10.26%) and not a real protest.

Bored Ape Yacht Club (89.49 ETH, -2.73%) was in the spotlight yesterday after a video went viral on Youtube with claims that the project has ties and took inspiration from Nazi ideology. These claims have been lingering for months on this website. If you'd like to watch the full video (it's long) you can do so below.

The man behind the original claims has created his own re-minted Bored Ape collection, if he was really so concerned with some of the traits in the original Bored Ape collection, surely he would have removed them from his new collection?

We'll let you guys watch the video and formulate your own opinions, although a lot of the points made in the video seem to be at best huge stretches.

Biggest Purchases

🥇 #1) Bored Ape #8522 bought for 233.33 ETH ($262,958.66)| Link

🥈 #2) CryptoPunk 8010 bought for 139.95 ETH ($161,924.24)| Link

🥉 #3) Bored Ape #2553 bought for 146.255 ETH ($157,823.14)| Link

Latest NFT News 📰

📈 Magic Eden, a marketplace for NFTs on the Solana blockchain, saw its valuation surge in a fresh funding round, after raiding $130 million in a funding round at a $1.6 billion valuation. The company will use the new funds to increase headcount to 140 from its current 50 and grow in “a responsible way” over the next six to 12 months.

Today's Biggest Drops 👀

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

Meme of the Day 🤣

Credit: (twitter.com/scottmelker)

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.