Solana’s NFT Project – Mad Lads – Sees Huge Price Surge
Solana (SOL) has experienced a significant pump lately, seeing its value more than double over the past month, hitting an 18-month high this week. The top NFT project on the network, Mad Lads, has also seen a rapid rise in value, with a price climb of over 100% in just the last seven days alone.
Mad Lads, a Solana profile picture (PFP) project launched earlier this year, has surged in price to become the top collection on the network by floor price—the price of the cheapest listed NFT on a secondary marketplace.
According to blockchain data compiled by SolanaFloor, the floor price of a Mad Lads NFT has jumped 122% over the past week to 100 SOL, or about $5,750 at present, making it the most valuable Solana collection by floor and market cap based on that floor price, which ultimately tops $57 million.
This week, Mad Lads’s price jumped even higher, above $6,000 worth of Solana, surpassing that of DeGods—once the reigning Solana project before it migrated to Ethereum earlier this year.
DeGods is back on top at a current floor price of 3.15 ETH, or about $6,200 at present, per NFT Price Floor.
Armani Ferrante, co-founder and CEO of Mad Lads creator Coral, told Decrypt that Solana’s NFT space needed a “new heartbeat” after DeGods left, and that he believed Mad Lads had filled that void following its buzzy launch.
Mad Lads has registered the third-most trading volume of any NFT project over the last week, with about $6.9 million worth of trades. Beyond excitement over Solana’s recent momentum surge and demand from buyers to be part of its top NFT collection, Coral also offered exclusive early access to its upcoming Backpack exchange, which received a license to operate in Dubai.
Hot Take: The Surge of Mad Lads NFT Project
Mad Lads, the NFT project on Solana, has experienced a significant surge in value, making it the top collection on the network. The rise in value is attributed to the recent momentum surge of Solana, demand from buyers, and exclusive early access offerings from its creator, Coral.
By
By
By
