The February Crypto Rally No One Expected

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BTC $47,271 (+5.8%), ETH $2,507 (+3.7%), SOL $105.8 +4.5%

Top Stories

• Notable NFT whale and trader Franklin sells his iconic Gold Bored Ape for 275 ETH (~$670k) after buying it for 4 ETH on May 5th, 2021. Franklin: “End of an era”

• Quantum Cats announce first “evolution” with surprise art change, with body traits and backgrounds change - met with mixed reviews. Quantum Cats down 16% to 0.245 BTC in the last 24 hours

• Yuga Labs faces backlash after their Legends of the Mara “loot” minted on Ethereum and featured high gas fees, and was only tradable on X2Y2 to secure royalties. Chief Gaming Officer first tweets “We got it wrong”, offers a catalyst to all minters before walking it back, and instead reimbursing gas cost.

• Solana Saga 2 leaderboard snapshot was taken, top 1500 can claim a non-transferable “Element” NFT. All pre order purchases to also receive a non-transferable pre order token

• $RUG (BTC) airdrop goes live, eligible users’ Satoshis were “marked” with $RUG token for new airdrop mechanism. Most users reported airdrops between 3-10k $RUG - with the token trading at $0.015 ($3 million market cap). You can check your airdrop eligibility here

• Ordinals Gang sells out Sub-1k, 21 supply collection for 1 BTC each - collection currently has a 1.9 BTC floor with no sales yet

ERC-404 update

• Pandora

  • NFT: +15% to 12.9 ETH

  • Token: +36% to $240 million market cap

• DeFrogs

  • NFT: -50% to 0.78 ETH

  • Token: -35% to $18 million market cap

• Monarch

  • NFT: +205% to 1.5 ETH

  • Token: +25% to $15 million market cap

• An explainer of ERC-404 tokens can be found here

Top Movers

ETH

• Pebbles

  • Minted for 0.06529 ETH - peaked at 1.3 ETH, now sitting at 0.69 ETH

  • What is it? First project of Next Gen - TLDR: Art Blocks of Meme Ecosystem

  • Punk6529’s explanation of Next Gen’s ecosystem can be found here

• Pillheads

  • +45% to 0.12 ETH (0.01 ETH floor earlier this week)

  • Why? Team is connected to Pallette, the first art project to use the ERC-404 standard

  • Learn more here about Pillheads x Pallette here

SOL

• Open Solmap

  • +18% to 0.25 SOL

  • What is it? Top collection for farming Magic Eden Diamonds

  • Why? Possibility of Airdrops coming to Solmap holders after instructional tweet dropped by team

BTC

• RSIC Runes

  • 23% to 0.095 BTC

  • Why? Possibility of RSIC not being one of the first 9 tokens inscribed into the Runes protocol by Casey Rodarmor

Crypto

• $DYM

  • Peaked at $8.30, pulled pack to $7.70, up 12% in last 24 hours

  • Why? Sell friction and high staking, possible similar airdrop playbook to $TIA staking

• $TIA

  • +13.5% to $19.70 in last 7 days

  • Why? $TIA stakers received minimum 200 $DYM airdrop, now worth over $1,400, liquidity flowing back $JUP

• $JUP

  • -6% to $0.50

  • In “price discovery” mode after $JUP liquidity removed from DLMM

Upcoming Mints:

Marms (SOL) 

Collection info:

• Supply: 5555

• Presale Price: 2 SOL (concluded)

• AL Price: 2.25 SOL

• Estimated launch (unconfirmed) rumors around 2/14

  • AL Spots currently selling for 2-3 SOL not including mint price

• Latest development: Marmival

  • 700 AL spots will be up for grabs through raffle system.

  • Pay 0.1 SOL for 25% chance to win AL spot - if you lose, you get an NFT that can be used to gamble for Marms merch.

  • Phase 1 instantly sold out 300 tickets, next phase coming today at 11 AM EST

Flora Forms (BTC)

Collection info:

• Supply: 10k

• Date: 2/14/2024

• Price: Free

• Artist: Harto, other collections include:

  • Golden Ratio 0.14 BTC (420 supply)

  • Blocks 1.8 ETH (124 supply)

  • Formation 0.2 ETH (300 supply)

• AL raffle (open to anyone, closes at 2/10)

• Presale currently selling for $200-300

• Premint was announced as a partner