If you are immersed in the atmosphere of a recovering NFT market, where former leading PFPs and generative art NFTs are bouncing back like mushrooms after rain, even the token $BLUR most related to NFT infrastructure is quietly rising. However, at this moment, a shocking news hit the NFT circle like a thunderbolt — the well-known NFT project Clone X under Nike has announced its cessation of operations!
That's right, it's the NFT blue-chip with a Nike background, the project that once shone brightly, but now feels like someone suddenly announcing they will no longer eat during the New Year's Eve dinner, leaving all NFT players dumbfounded.
In the statement from Clone X, the project party RTFKT Studio (now acquired by Nike) announced that it will cease operations. As a transition, they will complete one last thing in December - the 'BLADE DROP' MNLTH X. However, disappointingly, this 'last dance' seems to have not brought any substantial surprises to the holders, but rather a pair of 3D printed shoes produced by Zellerfeld, which left many astonished.
Due to this negative news, CloneX's floor price plummeted by 50% instantly, dropping from nearly 0.9 ETH two days ago to 0.3 ETH. NFT players criticized the RTFKT team for this being a 'Hard Rug', even mocking the unfavorable comments made by RTFKT's co-founder about Pudgy Penguins last year.
So, what will be the follow-up for CloneX? In this moment where this meme has become mainstream, will the community issue a meme token from the perspective of 'CTO Nike'? All of this remains uncertain. However, the sudden collapse of such an NFT blue-chip with a Nike background at the dawn of a bull market undoubtedly brings significant shock and reflection to the entire market.
Reflecting on the three-year journey of CloneX from its launch to RTFKT being acquired by Nike, we can't help but ask: What led to today's situation? Is it the change in market environment? Or issues with the project's own operation? Perhaps there is no standard answer to this question. But what we can learn is that when investing in NFTs, it is essential to carefully choose the project and team to avoid tragedies like 'Hard Rug'.
Now, the holders of CloneX are facing huge challenges and dilemmas. How should they respond? Should they choose to cut losses and exit? Or hold their ground and wait for a turnaround? This is undoubtedly a question that every holder needs to ponder deeply.
Mlion Analysis: The sudden 'runaway' of CloneX has not only brought huge losses and pain to investors but has also sounded the alarm for the entire NFT market. While pursuing high returns, we must not overlook the risks and stability of projects. In this rapidly changing market, seizing the opportunity is crucial. To quickly grasp market dynamics and accurately predict cryptocurrency trends, MLion (for experience, please visit: 🤖👉mlion.ai) will become your indispensable investment assistant!
As a leading AI investment research platform in the Web3 space, MLion integrates real-time news and AI language models to provide you with in-depth market analysis and unique insights. Especially with its AI price prediction feature, using advanced algorithms to accurately forecast the trends of cryptocurrencies, helping you make informed decisions as market conditions change.
For more news updates, real-time price analysis and predictions, and SWAP cross-chain exchanges, please visit: 🤖👉mlion.ai
The above content is for information sharing only and does not constitute any investment advice! Investment involves risks; proceed with caution!
Follow me for more market news every day.
