@Rahim_mahtab Yep, this happened https://t.co/FSZTsjv2Jpwale.moca 🐳 (@waleswoosh):I've seen a few posts on the timeline about this pump in NFT floor prices being propped up by leverage and the potential dangers that come with it.So let's take a look at the big projects:Yes, we are seeing quite some leverage being used in Pudgy Penguins, Bored Apes, Azukis https://t.co/LTRlG6fqnu ...

The rally in ETH made JPEGs quite expensive lol.CryptoPunks close to a quarter million dollars.Pudgy Penguins at $60k USD, Bored Apes at $50k USD https://t.co/VZlUrOvTi2 ...

One of my costliest mistakes has always been thinking "it's too late, it has already pumped", whenever a token or NFT I was interested in went up and I hadn’t bought in yet.At some point you realize that none of that really matters.During the NFT run, you could have faded Bored Apes at 5 ETH because they "already pumped" - but if you had done that, you would have missed their run to 150 ETH.The same thing happened during the memecoin run.If you're bullish on something, don't fall into the "it's too late" tr ...

Yesterday a gold skin Pudgy Penguin sold for 30 ETH ($102,000 USD). New trait floor price is at 40 ETH.Big sale, but small premium compared to golden Bored Apes.Last sale way 130 ETH, and trait floor price is at 225 ETH.This is despite the fact that the floor price of Pudgy Penguins is higher than that of Bored Apes.Last sales:2x premium for the golden Penguin.10x premium for the golden Bored Ape.Why?Supply is the same (40 gold Bored Apes exist, 44 gold Penguins), but:Unlike in the Bored Apes collection, th ...

The fun thing about NFTs is that sales like this sound absolutely absurd if you're not really in the bubble.Same goes for the Otherside sales earlier this week.You have to understand the collection, lore, rarity etc to realize why certain NFTs are priced the way they arewale.moca 🐳 (@waleswoosh):The difference between these two golden Bored Apes is $1,800,000 USD.Someone just sold the one on the left for 666 ETH ($2.3M USD) and then bought the one on the right for 130 ETH ($460k USD).Only in NFTs https://t. ...

NFT Market Leverage - The NFT market, particularly for projects like Pudgy Penguins, Bored Apes, and Azukis, exhibits significant leverage on platforms like Blur [1] - Borrowers are using loans to finance a large portion of NFT purchases, exemplified by buying a Pudgy Penguin with 2 ETH instead of 16 ETH, borrowing the remaining 14 ETH [1] - A substantial percentage of current NFT loans have a loan-to-value (LTV) ratio of 70% or higher, indicating high leverage [2] Risk Assessment - High LTV ratios, such as borrowing 11+ ETH to purchase a Pudgy Penguin, represent a bet on the floor price increasing [2] - The risk is currently perceived as low due to rising floor prices, adequate bid depth, and organic sales [2] - The end of Blur farming has eliminated the riskiest loan offers seen in 2023 and 2024, but has also weakened bid depth [3] Market Monitoring - Debtors are likely to take profits if the price increase slows or reverses, especially as interest accumulates on loans [3] - The market should be monitored for potential profit-taking behavior that could impact floor prices [3] - If the floor price decreases and the loan cannot be refinanced, the borrower risks losing the initial investment (e g, 2 ETH) and the NFT [2]

NFT PFP Market Trends - Punks increased by 17% to 47.75 ETH [1] - Pudgy Penguins increased by 13% to 16.6 ETH [1] - Bored Apes increased by 21% to 13.4 ETH [1] - Milady increased by 10% to 2.83 ETH [1] - Azuki increased by 29% to 2.46 ETH [1] - CryptoDickbutts increased by 40% to 1.88 ETH [1] - Project Aeon increased by 45% to 1.86 ETH [1] - Moonbirds increased by 22% to 1.8 ETH [1] NFT Art Market Trends - Fidenza increased by 20% to 28.69 ETH [1] - Squiggles increased by 35% to 5.95 ETH [1] - Ringers increased by 52% to 19 ETH [1]

If your reaction to the pump in CryptoPunks, Pudgy Penguins, Bored Apes, Azukis etc is:"Ok let me look for a dead NFT project from 2021 that hasn't pumped yet"Then you deserve everything that happens to you next ...

@pudgypenguins 600 pudgy penguins on loanversus218 bored apes on loan ...

Solid move in NFTs in the last 24 hours.Led by Pudgy Penguins (+25%), the other major ecosystems are also up, Bored Apes over 11 ETH, Azuki back to 2 ETH.Looks even better in USD, NFTs are a leveraged bet on ETH:1) Pudgy Penguins: $24k USD -> $35k USD.2) BAYC: $27k USD -> $34k USD.3) Azuki: $4.5k USD USD-> $6k USD.Even Ordinals (Bitcoin NFTs) are showing some strength here, Taproot Wizards are up from $16k USD to $22k USD, which is higher than mint price ...