NFT Market Dynamics
The airdrop of Penguin NFTs is about to begin: Tomorrow night at 9 PM, Pudgy Penguins will conduct an airdrop. Currently, their NFT prices have seen a slight correction. After the airdrop is completed, their token prices may fluctuate significantly. Historical experience shows that NFT prices usually decline significantly after an airdrop.
Cryptopunks trading is active: As some funds flow out of Pudgy Penguins, the trading volume of Cryptopunks has increased, with the floor price nearing 40 ETH, further consolidating its leading position.
Cool Cats and Cool Pets perform well: Attracting the attention of well-known player Gary in the NFT space, the trading volume of Cool Cats has surged. However, due to the realization of their token issuance expectations, subsequent growth momentum may be limited.
SEC warns about CyberKongz: The SEC believes that CyberKongz's ERC20 tokens may constitute securities. This may bring certain pressures to the future operations of NFT projects, but the overall impact is not significant, and the market remains optimistic about the improvement of the regulatory environment for the crypto industry after Trump's return to power.
