NiftyNoon: $PEPE Mania Takes Over the Market
NFT Twitter has been taken over by $PEPE as liquidity flees to memecoins (May 5, 2023)
Nifty Thought
The rise of $PEPE has been glorious. The move of NFT buyers to these NFT-native meme coins is natural. In many ways, NFTs are essentially tokenized culture, and Azukis and CryptoPunks are expensive not because they offer outsized utility, but because they capture crypto and NFT culture. It comes as no surprise, then, that the $PEPE meme coin has seen so much success, with Matt Furie's Pepe meme underpinning much of crypto and NFT culture.
With news of a Binance listing once again sending the token price upward, many people have been questioning the long-term viability of the memecoin. Given crypto's inherent volatile nature, anything is possible. While the case for $PEPE hype dying down is apparent, it is also possible that the power of the $PEPE meme itself achieves escape velocity, similar to other memecoins such as $DOGE. In the Wild West of crypto, anything is possible.
Highlighted News
Binance announces it will list $PEPE and $FLOKI in the innovation zone:
https://twitter.com/binance/status/1654448067255361537?s=46&t=1Htus396yShStdTR9uaf8w
Someone just sold off rank 289 BAYC below floor and then threw it all into $PEPE:
https://twitter.com/cirrusnft/status/1654306133144899589?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Project and Community News
OpenSea announces Bubblemaps are back, allowing to connect the dots between the top 150 holders of a collection by observing on-chain relations and activities:
https://twitter.com/openseapro/status/1654150865102553088?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Beeple shares PEPE “FULL BIBLICAL” piece:
PEPE could be construed as copyright infringement as Matt Furie owns the copyright and has won on copyright claims surrounding pepe in the past:
https://twitter.com/3lau/status/1654305167741943808?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
0N1 FORCE announce official partnership with Horizen Labs Ventures (HLV):
https://twitter.com/0n1force/status/1654169879132397568?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
RTFKT The Forging Event live until May 8:
https://twitter.com/rtfkt/status/1654290099494875137?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
AURAS announce mint will be taking place May 9th with more details to follow:
https://twitter.com/jeremycowart/status/1654114559672606720?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Demand surges for opepen opt-ins - 10,000%~ demand for 001 3,500%~ demand for 002:
https://twitter.com/jackbutcher/status/1653852422815481862?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Someone just bought 418E worth of $PEPE in this dip:
https://twitter.com/mrpunkdoteth/status/1654404346191417345?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
7 key takeaways and everything you need to know about y00ts²:
https://twitter.com/waleswoosh/status/1654421692582641666?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Quick Stats:
OpenSea ETH Daily Volume: 2,373 ETH (▼ 7.81%)
Blur ETH Daily Volume: 6,407 ETH (▼ 31.75%)
BTC: $29,197.39 (▲ 0.10%)
ETH: $1,915.36 (▲ 0.55%)
Solana: $22.04 (▼ 1.04%)
Polygon: $0.99 (▼ 0.44%)
NFT Daily Winners:
🏳️🌈 Chromie Squiggles: 9.00 ETH (► 0.00%)
🐈⬛ VeeFriends: 2.33 ETH (► 0.00%)
NFT Daily Losers:
🥃 Proof Collective: 6.75 ETH (▼ 0.01%)
🏴☠️ Captainz: 7.30 ETH (▼ 0.68%)
⛩️ Azuki: 15.14 ETH (▼ 1.05%)
🧬 Clone X: 3.18 ETH (▼ 1.55%)
🦧 Bored Ape Yacht Club: 49.98 ETH (▼ 1.61%)
🐧 Pudgy Penguins: 4.13 ETH (▼ 1.67%)
🌈 Doodles: 2.65 ETH (▼ 1.85%)
🦉 Moonbirds: 2.36 ETH (▼ 2.88%)
🧟 Mutant Ape Yacht Club: 10.97 ETH (▼ 3.18%)
🚬 CryptoPunks: 50.99 ETH (▼ 3.41%)
🥔 Potatoz: 2.83 ETH (▼ 4.39%)
🧝🏼♀️ DigiDaigaku: 3.30 ETH (▼ 6.78%)
Notes:
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