Mad Lads Soars: Solana NFT Project Dominates 24-Hour Sales Volume

Key Takeaways:

• Mad Lads achieves a new peak with a floor price of 123 SOL, equivalent to over $7,100, showcasing an impressive triple-fold increase in value throughout November.
• Over the past 24 hours, Mad Lads has recorded sales exceeding $1.39 million on secondary markets, surpassing other prominent NFT projects, including the Fortune Founder’s Pass NFT and the Bored Ape Yacht Club on Ethereum.
• Solana’s substantial price surge, rising from $21 to $58 in recent weeks, contributes to the increased demand and value of Mad Lads.
• Mad Lads, created by startup Coral, distinguishes itself by being linked to the Backpack app and its executable NFTs standard, offering diverse experiences related to tokenized assets.

In the dynamic realm of non-fungible tokens (NFTs), Mad Lads, a Solana profile picture (PFP) collection, has emerged as a standout performer, consistently outpacing other notable NFT projects. Recent data from Solana Floor reveals that Mad Lads is not only experiencing a surge in entry prices but also leading the 24-hour NFT sales volume chart, marking a remarkable milestone in the project’s journey.

Source: Solana Floor

During this period, Mad Lads outperformed the well-known Bored Ape Yacht Club on the Ethereum platform, registering approximately $881,000 in NFT sales. Meanwhile, another Solana NFT project, Tensorians, affiliated with the Tensor marketplace, followed closely behind the Ape Club with sales amounting to approximately $810,000.

Source: CryptoSlam

Lads on top. https://t.co/eOFv5FDzRj

— Armani Ferrante (@armaniferrante) November 28, 2023

Furthermore, as per CryptoSlam data, the sales of Solana NFTs surpassed $62 million in November, a substantial increase from the approximately $28 million recorded in October. Notably, the average sale price, denominated in U.S. dollars, has more than doubled compared to the previous month.

Read More: Solana Price Prediction

Conclusion:

Mad Lads’ ongoing success reflects the broader trend of growing interest in Solana NFTs, driven by the platform’s rising market share and the overall surge in the value of Solana. Coral’s strategic initiatives, such as the imminent launch of a crypto exchange and collaborations like the PYTH Network airdrop, have contributed to the project’s buzz and heightened demand among NFT enthusiasts.

Source: Decrypt