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Solana's Mad Lads: The NFT Project that Conquered the Market with more than 100% increase in the week

Fast Take
  • Solana's Mad Lads records 122% growth in one week.
  • The project surpassed DeGods, becoming the leader in minimum price and market value.
  • Third highest NFT trading volume, demonstrating the potential of Solana NFTs.
Mad Lads NFT tops launch week sales on Solana blockchain
Monatgem portalcripto and Mad Lads NFT images
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A recent event captured the attention of investors and enthusiasts: the remarkable advancement of the Mad Lads NFT project, based on the Solana blockchain. In an impressive week, the minimum price of a Mad Lads NFT skyrocketed, reaching an increase of 120% and reaching a value of 100 SOL, something close to US$5.600 at the current price.

This appreciation placed Mad Lads at the top of the list of Solana's NFT projects, not only in terms of minimum price, but also in market value, estimated at around US$57 million.

The project, which consists of profile pictures (PFP), was launched at the beginning of the year and quickly stood out, surpassing even the popular collection DeGods, which migrated to Ethereum in early 2023. This overtaking represented a significant milestone for the Solana ecosystem, especially considering the challenges faced by the network and its supporters following DeGods' departure.

Contributing to the growing popularity of Mad Lads, Coral has announced exclusive early access to its upcoming Backpack bag, which has been licensed to operate in Dubai. This strategic move added more value to the collection, attracting even more market interest.

The numbers speak for themselves: last week, Mad Lads recorded the third highest trading volume among all NFT projects, with around $6,9 million in trades. This volume is only behind Ethereum giants Bored Ape Yacht Club and CryptoPunks, which had, respectively, US$10,2 million and US$8 million in trading volume.

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The rise of the Mad Lads reflects a larger movement in cryptocurrency market, marked by Solana’s recent momentum and growing demand from buyers to participate in prominent NFT collections.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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