👮 Serial RUGGER Publicly Scams Another Project!- 20th May, 2022

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24hr Market Overview 📈

NFT Market Recap

On Thursday, Opensea traded $37.67 million, remaining consistent with the rest of the week's low activity.

Like the rest of the week, we saw a range of different price movements, with less coordinated dumping than we saw last week. Bored Ape Yacht Club (96.25 ETH, -0.77%) and Mutant Ape Yacht Club (19.39 ETH, -2.81%) have seen slow bleeding of their floor prices. Fortunately, they both have strong communities and so holders aren't in a rush to sell, otherwise, we would likely see larger undercutting. Instead, this slow bleed is prompted by a few holders liquidating and very little money flowing into the market.

Milady Maker saw larger losses, down -20.53% to 1.09 ETH. This retracement comes as the project is still up 126% over the past week and so isn't too much of a concern for holders. the Milady project has gone through certain accusations in recent times, with an article that was originally published based on rumors from months ago circulating over the past 24 hours. There are accusations that the founders of the project have very dark ties. You can read more on the topic below.

We're interested to know what our readers think of the topic. There are many counter-arguments and criticisms of the article from the community, which you can find by searching milady on Twitter. Let us know your opinions.

Other notable movemenets included:

• Degen Toonz | 1.85 ETH, +8.53%

• World of women | 4.48 ETH, +5.41%

• Invisible Friends | 4.5 ETH, -8.16%

• Karafuru | 1.94 ETH, +8%

With the macro environment still looking uncertain and soaring inflation affecting many across the world. It's unlikely that a sudden inflow of new money will enter the NFT market, instead, we will need to be patient and wait for conditions to look better

Biggest Purchases

🥇 #1) CloneX #16646 bought for 230 ETH ($460,957.34)| Link

🥈 #2) Bored Ape #957 bought for 175 ETH ($349,901.09)| Link

🥉 #3) Bored Ape #2716 bought for 169 ETH ($340,952.50)| Link

Latest NFT News 📰

👮 A popular Solana NFT that minted around a week ago, named Reptilian Renegades was found to be a planned rug pull, with the creator openly admitting that he is a serial scammer/rugger, having already rug pulled the Solana project Bloonsville. Prior to that, Reptilian Renegades minted at 1 SOL and peaked at around 47 SOL. The community and contract have reportedly been recovered and will be run by Hydra Launchpad. The rugger is claiming to be exploiting launchpads to 'help' them tighten up security - Stay safe!

🐵 A court in Singapore has issued an injunction, preventing the sale of a Bored Ape NFT that is pending the resolution of an ownership dispute after it was foreclosed on as collateral for an NFT loan that the owner had taken out against it. The leading counsel for the case, Shaun Leong, said “It is the first decision in a commercial dispute where NFTs are recognized as valuable property worth protecting".

💀 @FrankDegods, creator of Solana blue chip project, DeGods, which currently holds a 270 SOL ($13,900) have announced a second collection - DuppiesNFT. The collection will have 13,333 items and can only be minted with the DeGods own currency - $DUST. We'll be keeping an eye on this one for you!

Today's Biggest Drops 👀

Chain Runners XR:Socials: Discord - Twitter - WebsiteWhen: 20th May 14:00 EST / 19:00 GMTPrice: 0.1 ETH / 20,000Notes: Chain Runners were one of the first sets of popular pixel profile picture NFTs and they are now releasing their first 3D collection. Hype: 🟩🟩⬛

Sponsored Drop 🔥

Meta Mille:Socials: Discord - Twitter - WebsiteWhen: Early JuneWhat You Need To Know: Meta Mille is a new generation of handcrafted & wearable NFT Luxury timepieces for your avatars in the metaverse. With only 1,111 supply, they are focusing on community and building the first and strongest watch community in real life and in the metaverse. Meta Mille aim to be a global luxury brand and this Genesis collection is just the beginning. They will offer real life utility and even give away real life luxury watches to holders like Rolex, Richard Milles, AP, Pateks and much more!

Meme of the Day 🤣

Credit: (twitter.com/Puffyatty)

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.