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Azuki’s Trading Volume Soars After Founder Reveals Shady Past

The trading volumes of anime-inspired NFT avatar collection ‘Azuki’ jumped by more than 64% during the past 24 hours, after the project’s founder...
Azuki’s Trading Volume Soars After Founder Reveals Shady Past Azuki’s Trading Volume Soars After Founder Reveals Shady Past

The trading volumes of anime-inspired NFT avatar collection ‘Azuki’ jumped by more than 64% during the past 24 hours, after the project’s founder revealed his apparent habit of abandoning projects in the past.

Today, the Azuki avatar collection ranks as the second most traded NFT collection on the OpenSea marketplace with a trading volume of 16,418 ETH, or more than $38.2 million USD,

Despite this high trading volume, the floor price of Azuki NFTs have been travelling in the opposite direction, undergoing a significant slump. The average floor price of a single Azuki NFT currently sits at 9 ETH, or $21.2K, at the time of writing, while just a few days ago, the average price of an Azuki NFT was closer to 18 ETH, or nearly $45K, at the ETH price of $2,490 at the time.

Azuki Founder Reveals His Past

The panic sell of the anime-style Azuki NFT collection was catalyzed by the project’s pseudonymous founder, Zagabond, publishing a post which detailed how the NFT projects he had previously been involved with, ‘CryptoPhunks‘, ‘Tendies‘ and ‘CryptoZunks‘ came to an end after being abandoned by their founding teams.

“Builders need to experiment and innovate for Web 3.0 to be able to challenge Web 2.0. Azuki is built on learnings from CryptoPhunks and other projects, which taught me to lead, not follow,” Vagabond wrote, adding that the team is building Azuki NFTs with long term goals in mind.

Zagabond did not comment as to why he had chosen this time to make such confessions, especially considering the harm they could cause to his own and Azuki’s reputation. However, rumors in the NFT space are circulating that the information could have been made public knowledge outside of his control in the coming days.

Community Reacted

The part of the NFT community went rough on Azuki’s founder, hinting at him as a serial creator of rug pulls, which are a common type of scam in the crypto and the NFT world. Typically they come as legit-looking projects, but as soon as their value increases, founders pull out all the allocated funds and abandon the project.

In the meantime, others have accused the NFT community of hypocrisy, stating that they do not care about the reputations of a particular project or its founders as long as they can make money with it.

As previously mentioned, multiple traders swiftly jumped onto the OpenSea marketplace in an attempt to capitalize on the declining floor price of the Azuki NFT collection.

Minted in January 2022, the anime-themed Azuki avatar collection has been one of the top traded collections on the biggest NFT marketplaces ever since.

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21-05-2022 20:18:25 (UTC+7)

EUR/USD

1.0562

-0.0024 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/USD

1.0562

-0.0024 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

GBP/USD

1.2489

+0.0029 (+0.23%)

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Neutral

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Buy (8)

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USD/JPY

127.86

+0.07 (+0.05%)

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Neutral

Moving Avg:

Buy (8)

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Buy (3)

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AUD/USD

0.7039

-0.0008 (-0.11%)

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Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

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USD/CAD

1.2839

+0.0014 (+0.11%)

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EUR/JPY

135.05

-0.24 (-0.18%)

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Neutral

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EUR/CHF

1.0296

-0.0005 (-0.05%)

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Gold Futures

1,845.10

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Silver Futures

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4.3042

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Crude Oil WTI Futures

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US Coffee C Futures

216.48

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Euro Stoxx 50

3,657.03

+16.48 (+0.45%)

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S&P 500

3,901.36

+0.57 (+0.01%)

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DAX

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20,717.24

+596.56 (+2.96%)

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Moving Avg:

Buy (4)

Sell (8)

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Buy (1)

Sell (7)

US Small Cap 2000

1,768.35

-7.87 (-0.44%)

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Moving Avg:

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Sell (1)

IBEX 35

8,484.50

+78.50 (+0.93%)

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BASF SE NA O.N.

48.850

-0.010 (-0.02%)

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Bayer AG NA

63.74

+0.34 (+0.54%)

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Allianz SE VNA O.N.

195.58

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Buy

Moving Avg:

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Adidas AG

172.80

+0.92 (+0.54%)

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Buy

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Sell (1)

Deutsche Lufthansa AG

6.852

+0.049 (+0.72%)

Summary

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Siemens AG Class N

115.08

+2.62 (+2.33%)

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Deutsche Bank AG

9.362

-0.130 (-1.37%)

Summary

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Sell (1)

 EUR/USD1.0562↑ Buy
 GBP/USD1.2489Neutral
 USD/JPY127.86Neutral
 AUD/USD0.7039Sell
 USD/CAD1.2839↑ Buy
 EUR/JPY135.05Neutral
 EUR/CHF1.0296↑ Buy
 Gold1,845.10↑ Buy
 Silver21.765↑ Sell
 Copper4.3042↑ Buy
 Crude Oil WTI110.35↑ Sell
 Brent Oil112.91↑ Sell
 Natural Gas8.058↑ Sell
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,717.24↑ Sell
 Small Cap 20001,768.35↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,875/ 6,975
(0/ 0) # 1,795
SJC HCM6,895/ 6,985
(5/ 5) # 1,800
SJC Hanoi6,895/ 6,987
(5/ 5) # 1,802
SJC Danang6,895/ 6,987
(5/ 5) # 1,802
SJC Nhatrang6,895/ 6,987
(5/ 5) # 1,802
SJC Cantho6,895/ 6,987
(5/ 5) # 1,802
Cập nhật 21-05-2022 20:18:27
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ↀ Giá vàng thế giới
$1,846.53+4.270.23%
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RON 95-V30.58031.190
RON 95-III29.98030.570
E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
DO 0,001S-V27.45027.990
Dầu hỏa 2-K25.16025.660
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WTI$110.53-0.11-0.10%
Brent$112.89-0.31-0.27%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.000,0023.310,00
EUR23.879,5425.217,23
GBP28.128,1029.328,16
JPY176,49186,84
KRW15,8019,26
Cập nhật lúc 18:54:43 21/05/2022
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