The cryptocurrency NFT collection Mad Lads briefly reached a floor price of $18,300 worth of SOL before falling to $16,240 following a market correction. Speculators may have driven the price increase due to Backpack's acquisition of FTX EU, which will enable perpetuals trading for European users. Although no direct benefits for Mad Lads holders have been announced, the CEO mentioned that holding a Mad Lad NFT grants VIP 1 status on Backpack Exchange. Mad Lads has seen over $1.8 million in secondary trading in the last 24 hours, making it the second-most-traded NFT collection, after Ethereum's Pudgy Penguins. The collection has experienced significant price gains over the past month, increasing by almost 73%. Mad Lads was praised for its tactics to protect genuine buyers during a fake minting incident. Backpack, the company behind the acquisition, plans to launch a centralized crypto exchange and operates a multi-chain self-custody wallet.



Other News from Today