CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home NFT

Identical Azuki Elemental NFT Leads to Overall NFT Market Drop

03.07.2023
A A
0
126
VIEWS
ShareShare

Identical Azuki Elemental NFT Leads to Overall NFT Market Drop

Identical Azuki Elemental NFT Leads to Overall NFT Market Drop

  • Popular crypto researcher Colin Wu cites statistics from NFTGo to explain the decline.
  • The updated Elementals NFTs are almost identical to the originals.

The Azuki Elementals airdrop last week resulted in a dramatic decline in the NFT market, which has continued over the last 24 hours. Popular crypto researcher Colin Wu cites statistics from NFTGo to explain the decline.

Affected by the Azuki incident, the NFT market fell sharply again in the past 24h. BAYC fell 16% and fell below 30 ETH, MAYC fell 20% and fell below 5 ETH, and Azuki fell 11% and fell below 6 ETH. The overall market value of the NFT market has fallen by 53% to 3.33million ETH in…

— Wu Blockchain (@WuBlockchain) July 3, 2023

The total value of the NFT market has dropped by 53% during the last year, to 3.33 million ETH. Moreover, with a 16% decrease, BAYC is now worth less than $30 ETH, MAYC is now less than $5 ETH (-20%), and Azuki is worth less than $6 ETH (-11%).

There was a lot of buzz in the Web3 community with the release of the Azuki Elementals mint on June 27. The 20,000 NFTs for Elementals were mined and sold out in record time after being promoted as the latest installment of the successful anime-themed PFP initiative.

Community Frustrated

The euphoria around elementals NFTs seems to be waning, though, and there has been a great commotion about the ‘Identical’ Elementals Art. The most recent information suggests some holders are selling Elementals for far less.

The floor price for Azuki Elementals NFTs was set at 2 ETH (about $3,800) on the day of launch. OpenSea’s statistics show that within a week of the debut, the floor price has dropped to below 0.8 ETH.

Many NFT owners and collectors, as well as some NFT designers, have taken to social media to vent their frustration with the Azuki Elementals’ aesthetic. They compare the visual style of these NFTs to that of the original Azuki PFPs, which were based on anime

The updated Elementals NFTs are almost identical to the originals but for a few minor details. Many are concerned that the Elementals collection may devalue the first Azuki endeavor. A lot of individuals are getting rid of their authentic Azuki NFTs as a result of this.

Highlighted Crypto News Today:

Cristiano Ronaldo Launches New NFT Collection on Binance

Share10Tweet6ShareSharePin2

Related Posts

Tiger Global Reportedly Shrinks Stakes in BAYC and OpenSea
NFT

Tiger Global Reportedly Shrinks Stakes in BAYC and OpenSea

01.12.2023
0

The firm reportedly reduced its holdings in BAYC by 69% and OpenSea by 94%. Earlier, Coatue Management wrote down 90%...

Read moreDetails
What is Mark Cuban’s Take On ZK Technology and NFTs in Real Estate?

What is Mark Cuban’s Take On ZK Technology and NFTs in Real Estate?

28.11.2023
Solana’s Mad Lads NFTs Hit Record-Breaking All-Time High

Solana’s Mad Lads NFTs Hit Record-Breaking All-Time High

28.11.2023
Season 2 of TinyTap Publisher NFTs by Animoca Brands Declared Sold Out

Season 2 of TinyTap Publisher NFTs by Animoca Brands Declared Sold Out

28.11.2023
CoinGecko Boosts NFT Data Integration with Acquisition of Zash Platform

CoinGecko Boosts NFT Data Integration with Acquisition of Zash Platform

23.11.2023
Load More
Next Post

Bittrex Mirrors Coinbase, Requests SEC Lawsuit Dismissal

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Terraform Labs and Do Kwon Pay SEC Over $4.6 Billion

Terraform Labs and Do Kwon Pay SEC Over $4.6 Billion

1 year ago
Shiba Inu in Golden Cross Territory – Could SHIB Drop a Zero By End of 2024?

Shiba Inu in Golden Cross Territory – Could SHIB Drop a Zero By End of 2024?

11 months ago

Coinbase Launches Web3 Wallet Targeting Institutional and Enterprise Clients

2 years ago

Unified Payment Card Launched in Africa

3 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

The PioneerHash Cloud Mining App, a Global Hit by 2025

Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts

Crypto Exploits Plunge 22% — $127M Lost in September, Top Hacks Revealed

Trending

Why is Bitcoin near all-time highs? Everything that happened in crypto today
Analysis

Why is Bitcoin near all-time highs? Everything that happened in crypto today

03.10.2025
0

Bitcoin (BTC) traded at $120,367.71 as of press time, near its all-time high of $124,000, driven by...

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

03.10.2025
PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

02.10.2025
CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

02.10.2025
From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

02.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz