gm - October 24th, 2023

gm 👋 NFT volumes on top 5 chains: $12M 1. Ethereum NFTs: $7.4M 2. Solana NFTs: $1.0M 3. Mythos NFTs: $1.0M Collections 1. DMarket: $1.0M 2. BAYC: $0.9M (20 trades, 17 buyers) 3. Gods Unchained Cards: $0.6M Top sales Azuki #3309: $205k CryptoPunks #4092: $100k CryptoPunks #4160: $88k ---

NFT volumes are up, but slightly when discounting for washtrading. Volumes have gone from $9-10M to $12M today so in general a 20%+ uptick in volumes. Obviously, crypto participants are staring at Bitcoin and Ethereum, as both have made incredible advances in the past 24 hours - Bitcoin is up 12.5% while Ethereum is up 9.5%. Volumes indicate a short squeeze and spots moving up as a result, though there are rallies in altcoins that are trying to confirm the rally. $LINK is up 40% in the past week, while coins outside of the top 10 are up anywhere between 5~12%. With that said, there is still an outstanding $400M or so of shorts open despite the rally - keep both eyes open, and as always, don't overleverage!

Past 24 hour moves across top NFT collections