Bullish
Spritehood NFT Sale Generates $1.28M Revenue on Robinhood Chain
08:33
Cole Villemain's Spritehood project sold 44,000 NFTs in under an hour, generating $1.28M. The unverified contract raises transparency concerns despite strong initial demand.
Woofun AI reports that Cole Villemain, formerly removed from the Pudgy Penguins founding team, launched the Spritehood NFT collection on the Robinhood Chain on August 11. The batch of 44,000 tokens sold out in approximately 53 minutes, generating $1.2829 million (684.28 ETH). This total exceeds the estimated $755,000, with 37,430 units sold at $17 and 5,526 at $117, alongside 1,488 free distributions. The floor price currently stands at $23.52.
The Spritehood smart contract remains unverified on Blockscout, preventing public access to its source code for pricing and distribution logic. Villemain was ousted from Pudgy Penguins in January 2022 following community votes citing alleged fund misappropriation, though no legal prosecution has occurred.
WOOFUN AI
Impact Assessment · Quick Read
The rapid sell-out and revenue exceeding estimates indicate sustained demand for Villemain's projects despite his controversial exit from Pudgy Penguins. However, the unverified contract status introduces significant trust risks for buyers, potentially limiting secondary market liquidity. This event highlights the tension between community governance outcomes and individual creator influence in the NFT sector.
Generated by WOOFUN AI · For reference only, not investment advice
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