NFT strike price in prominent Solana The Mad Lads collection jumped 19% on Tuesday, with the surge coming after news that Backpack’s parent company had acquired the remnants of FTX Europe and the collapsed MiFID II exchange-licensed company.
The Mad Lads briefly held a minimum price – or the cheapest asset listing in the market – of nearly $18,300 in SOL value early Tuesday, though the price has fallen to $16,240 as of this writing following a sharp market-wide correction.
The rise in prices may come from speculators hoping for bundled benefits Acquiring a backpackwhich will allow the Backpack exchange to offer European users permanent trading after prioritizing refunds to FTX Europe users.
While no direct benefits to Mad Lads holders were announced, Project CEO Armani Ferrante shared a timely reminder late last night, just hours before the acquisition was announced.
“Remember if you’re holding Mad Lad you automatically get VIP 1 on Backpack Exchange,” he said published on X (formerly known as Twitter).
The reminder came in response to the company’s teaser of the upcoming trading season, a period in which trading volumes on its existing exchange-traded products may lead to additional benefits. Previous seasons rewarded Backpack exchange users with access to parachutesa benefit well known to Mad Lads NFT holders who received airborne troops from Wormhole and Dymension among others.
Mad Lads has generated more than $1.8 million in secondary trading in the last 24 hours, making it the second most traded NFT collection across blockchains – only behind it, according to CryptoSlam. Ethereum Pudgy Penguins.
Its price jump extends gains from last month, when its value surged nearly 73%, and returns to levels not held since April 2024 according to the NFT price floor. The collection reached an all-time high of $29,420 just a month before March 2024, but at the time of writing, it remains more than 100 SOL away from its crypto-denominated high of 192 SOL.
Mad Lads, which was released in April 2023, earned recognition for this clever intrigues resulting in bots spending over $250,000 on a fake mint, protecting real consumers trying to get NFTs.
Consisting of nearly 10,000 NFT profile pictures, Mad Lads is the second most traded Solana NFT collection of all time. according to CryptoSlam.
Backpack first announced its intention to market a centralized crypto exchange in October 2023. The company also operates its own wallet that supports multiple blockchains, including Solana and Ethereum.
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