Azuki NFTs Doubled in Price. Then Holders Got an Airdrop

Azuki has airdropped 20,000 “one thing” NFTs to its holders. The brand new NFTs at the moment have a ground worth of three.14 Ethereum on the secondary market, placing the cumulative worth of the airdrop at over $213 million. 

Azuki Holders Obtain Airdrop

One other NFT airdrop is making waves within the crypto house.

Azuki, an anime-inspired NFT mission that describes its members because the “skaters of the Web,” unveiled an airdrop final night time at a non-public NFT LA celebration for its holders. Every Azuki NFT holder has acquired two unrevealed “one thing” NFTs, at the moment represented by an airdrop crate with an eye fixed peeking out from between two of the picket panels. 

“We’re constructing Azuki, and collectively we’re shaping the way forward for Web3,” said Azuki crew member ZAGABOND, who took to the stage at the start of the Azuki Backyard Occasion in Los Angeles Wednesday night time. “So let’s see how deep this rabbit gap goes; the Azuki universe is simply starting to unfold,” he continued earlier than telling the viewers to verify their wallets. 

Azuki is considered one of a number of NFT avatar collections to soar in worth in latest months. Regardless of solely launching in early January, the gathering at the moment has the seventh-highest all-time buying and selling quantity on NFT market OpenSea, coming in at over 154,000 Ethereum, or $523 million at present costs. 

Whereas no info on what the “one thing” NFTs will reveal has been launched, it hasn’t stopped speculators from making an attempt their luck on the secondary market. The ground worth for the airdropped NFTs at the moment sits at 3.14 Ethereum, placing the cumulative worth of the 20,000 “somethings” at over $213 million. With each holder receiving two new NFTs, that equates to a payout of about $21,000 at present costs. 

Nonetheless, one Twitter consumer who goes by FastandLucid believes they’ve worked out that the airdropped NFTs will reveal pigs from a number of clues within the NFT paintings. A Wordle trace on the airdrop crate matches a part of a puzzle posted in a earlier Azuki tweet and results in the phrase “bacon.” Moreover, the textual content on the backside of the crate reads, “Wonderful exports from the farm,” additional hinting at a connection to a farmyard animal. Whether or not FastandLucid has labored out the puzzle or simply discovered a wild coincidence stays to be seen. 

Azuki minted at about 1 Ethereum, whereas the most cost effective on the secondary market right this moment are available in at over 18 Ethereum, over $60,000 at present costs. Demand for the NFTs has not too long ago soared, with a uncommon piece from the gathering selling for $1.4 million Wednesday. Curiously, a ground worth Azuki value round 9 Ethereum two weeks in the past, however the assortment rallied within the days main as much as the airdrop. 

An analogous pattern performed out earlier than Yuga Labs acquired the CryptoPunks and Meebits collections earlier this month. The ground worth for Meebits NFTs virtually tripled forward of the announcement, main a number of Web3 sleuths to uncover what gave the impression to be insider buying and selling from people who knew concerning the deal forward of time. Within the unregulated NFT market, it’s actually potential that merchants who knew concerning the forthcoming airdrop purchased the NFTs in anticipation, in flip contributing to the sudden surge. 

Disclosure: On the time of scripting this piece, the creator owned ETH and several other different cryptocurrencies.