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Mad Lads climbs to sixth place among top NFTs, with a market cap of $186.7 million, as Solana hits $287, driven by the buzz around TRUMP memecoin.
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Mad Lads, a non-fungible token (NFT) collection on the Solana blockchain, has climbed to sixth place among the most valuable NFTs by floor market cap.
The surge comes as SOL (SOL) reached an all-time high of $287, up 19% in the last 24 hours, driven by the buzz surrounding the TRUMP memecoin, which was launched on Jan. 17 by President-elect Donald Trump on the Solana network.
According to NFT price floor, Mad Lads currently has a market cap of $188.1 million and a floor price of $18,905. In the last 24 hours, the collection recorded $473,788 in trading volume from 24 sales, with floor price up by 5.15%.
Launched on April 19, 2023, Mad Lads was created by Armani Ferrante and Tristan Yver of Backpack Exchange. It features 9,965 NFTs blending anime-style art with Peaky Blinders-inspired themes.
Mad Lads climbs to 6th place in NFT market cap rankings. Source: NFT Price Floor
Solana fuels up NFT rally
The Solana NFT market has grown by 15% in the last 24 hours, with its total market cap reaching $714 million. The trading volume over the same period stands at $3.39 million, according to CoinGecko.
Meanwhile, other Solana-based NFT collections also gained traction. Claynosaurz’s floor price rose to $4,882, up 13.8%, with a market cap of $48.8 million. Solana Monkey Business has a floor price of $7,956, with a market cap of $39.7 million following a 7.1% increase.
Solana-based tokens have also surged, with decentralized exchange (DEX) tokens Jupiter (JUP) and Raydium (RAY) rising 33% and 10% in the last 24 hours, respectively.
Related: Crypto execs plan Trump inauguration attendance — at a steep price
Trump’s trading cards surge
The launch of the TRUMP memecoin, coordinated by CIC Digital LLC — an affiliate of the Trump Organization previously involved in NFT ventures — has reignited interest in Trump’s Digital Trading Cards on the Polygon blockchain.
The first collection of Trump’s Digital Trading Cards is trading at a floor price of $936.91, up 12% in the past day, with 1,275 sales recorded. It has a market cap of $93.5 million and a 24-hour trading volume of $2.44 million.
The second collection has also surged, with a floor price of $213, up 10% in the past day, recording 2,133 sales. It has a market cap of $22.6 million and a 24-hour trading volume of $940,000.
Magazine: Stablecoin for cyber-scammers launches, Sony L2 drama: Asia Express
This article first appeared at Cointelegraph.com News
