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Five days in and the momentum is already undeniable. This NFT collection has become the most talked about project over the past two weeks, with the team itself trending as the hottest in the space for the last month. The numbers tell the story: 7,503 items were given away for free, generating $205,396.965 in total trading volume. The community response has been strong enough to warrant the next phase—an ICO launch is set to roll through a platform partnership. Not bad for a fresh drop looking to make waves in the NFT ecosystem.
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Giving away over 7,500 for free and still hitting 200,000 in trading volume—I've seen this trick before.
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Another ICO? Still trying to cut in during this bear market?
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Wait, the team trend is the hottest over the past month? Are they just hyping again?
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Projects that rely on airdrops to boost volume, what about afterward...
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Translated, it means: We're raising funds, are you willing to take the plunge?
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A trading volume of 200,000 sounds impressive, but a quick analysis will make it clear.
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Not denying the hype, but these usually don't go far.