Bullish

Spritehood Mint Generates $1.28M Revenue, The Saudis NFT Floor Jumps 436%

08-12

Cole Villemain's Spritehood sold out in under an hour, generating $1.28M. The Saudis announced new Robinhood chain NFTs, driving floor prices from 0.028 to 0.15 ETH.

Woofun AI reports that Cole Villemain, formerly removed from Bored Ape leadership, launched the Spritehood NFT series on the Robinhood chain with a supply of 44,444 tokens. The collection sold out in less than one hour, generating an estimated $1.28 million in revenue. Crypto artist Beeple posted that the chain 'saved NFTs,' a sentiment echoed by Robinhood co-founder Vlad Tenev.

Meanwhile, The Saudis announced plans to release new NFTs on the same chain, causing their floor price to rise from 0.028 ETH to 0.15 ETH despite low trading volume.

WOOFUN AI

Impact Assessment · Quick Read

The rapid sell-out of Spritehood and the price surge for The Saudis indicate renewed retail interest in established NFT brands migrating to newer chains. This migration suggests builders are seeking fresh liquidity pools beyond the Ethereum Mainnet ecosystem. However, low trading volume for The Saudis highlights potential sustainability risks, implying that price action may be driven more by announcement hype than deep market demand.
Generated by WOOFUN AI · For reference only, not investment advice

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