gm - November 27th, 2022

gm 👋

Crypto markets are pretty quiet with Bitcoin flat at $16560 and Ethereum stuck at $1215. Newsflow is light and Crypto Twitter is relatively stable as Thanksgiving/Black Friday wraps up. Several US states have opened investigations into Genesis, but at this point, this is light news.

NFT volumes saw a pick up over the weekend, dominated by flow into the Bored Ape collections. BAYC has $4M, MAYC $3.2M, BAKC $1.8M, and Otherdeed $1.1M. Between them, they sucked up $10M in trading volume across roughly 800+ trades! This is on the back of speculation from Friday’s post from the BAYC account on Twitter for a mystery box. ETH-NFTs were $16M ($10M from above) and Solana-NFTs at $1M. Gods Unchained had $600k on the day to bring ImmutableX into the mix.

Snapshot of Blue-Chip NFTs

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NFT headlines:

Small Chinese NFT platforms are closing amid industry winter

Floki Inu Release 88-Second Trailer of the Valhalla P2E Metaverse NFT Game

Mattel Launches NFT Marketplace With Hot Wheels Collection