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Cryptocurrency News Articles
MadLads NFT Collection Surges +400% In Daily Sales Volume, Becoming the Second Most-Traded NFT Collection Globally
Jan 09, 2025 at 06:57 pm
MadLads, a non-fungible token collection from the blockchain company BackPack, is on the run for the second day, emerging as the second most-selling non-fungible token collection
MadLads, a non-fungible token collection from BackPack, is having a moment.
After its creator BackPack acquired the European arm of FTX to offer regulated crypto derivatives across the European region, the MadLads NFT collection started skyrocketing earlier this week.
Data from CryptoSlam.io shows that the MadLads NFT collection has seen a massive increase in trading sales volume.
In the past 24 hours, the MadLads NFT Collection has seen a trading sales volume of $1.8 million. During this time, the MadLads NFT trading sales volume has soared by 444% from the previous day.
Launched on April 20, MadLads is a collection of 10,000 digital items created by Coral and hosted on the Solana blockchain network.
Coral is a Solana framework development company that you might know better as BackPack, the company that built one of the most popular Solana tool kits for developers, Anchor, and BackPack, the popular Solana wallet and exchange.
MadLads is currently trading closely behind the non-fungible token collection Pudgy Penguins, which is the most-traded NFT collection in the global NFT market.
Launched in August 2021, the Pudgy Penguins is an NFT collection from the digital asset firm Igloo, featuring a limited edition of 8888 NFTs hosted on the Ethereum blockchain network.
In the past 24 hours, the Pudgy Penguins has seen a trading sales volume of $1.9 million, up +137% from the past day.
Backpack Has Bought FTX EU
On January 07, 2025, the MadLads NFT creator Backpack confirmed that they had acquired the European arm of FTX.
Under the new acquisition, the Backpack’s FTX EU arm will offer a full suite of crypto derivatives throughout the European Union region, including perpetual futures.
FTX was a leading crypto exchange that went bankrupt in November 2022 amid allegations that its owners had embezzled and misused customer funds.
BackPack announces it is buying the European arm of FTX, with plans to offer regulated crypto derivs across Europe.
MadLads on the move, up 20% +in the past 24 hours. pic.twitter.com/1aL5Ftnfyf
— Stats (@punk9059) January 7, 2025
More NFT News:
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