Mad Lads Solana NFTs
Gain After
Parent Firm
Backpack Acquires
FTX Europe
Mad Lads Solana NFTs Gain After Parent Firm Backpack Acquires FTX Europe
Mad Lads NFTs continued their recent price surge Tuesday after their creator
acquired the remains of the collapsed FTX Europe.
By Logan Hitchcock
Jan 7, 2025 Jan 7, 2025
3 min read
Artwork from the Mad Lads NFT collection• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен. Image: Coral
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The starting price of NFTs in the prominent Solana collection Mad Lads jumped
19% earlier Tuesday, with the spike coming following news that parent company
Backpack acquired the remains of FTX Europe and the collapsed firm’s MiFID II
exchange license.
Mad Lads briefly held a floor price—aka the cheapest asset listing on the
marketplace—of almost $18,300 worth of SOL early Tuesday, though the price has
fallen to $16,240 as of this writing following a sharp correction across the
entire market.
The price increase may come from speculators hoping for benefits tied to
Backpack’s acquisition , which will allow the Backpack exchange to offer
perpetuals trading to European users after prioritizing the return of funds to
FTX Europe users.
Backpack has acquired FTX EU and its MiFID II License.
Our first priority is to return all customer EURO funds on behalf of the FTX
estate, followed by rolling out a full suite of spot, margin, and futures
trading products.
Crypto perps trading is coming back to Europe ðªðº
pic.twitter.com/ExxYFufZHj
— Backpack ð (@Backpack) January 7, 2025
While no direct benefits for Mad Lads holders have been announced, project CEO
Armani Ferrante shared a timely reminder late last night, only hours before
the acquisition announcement.
“Reminder that if you hold a Mad Lad, you automatically get VIP 1 on Backpack
Exchange,” he posted on X (formerly known as Twitter• Объект организация » Организации по алфавиту » Организации на Tw » Twitter, Inc.).
The reminder came as a response to the company’s teaser about an upcoming
season of trading, a period of time in which trading volumes on its existing
exchange products may lead to additional benefits. Previous seasons have
rewarded users of Backpack’s exchange with access to airdrops , a benefit
known well to Mad Lads NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен holders which received airdrops from Wormhole and
Dymension among others.
Mad Lads has garnered more than $1.8 million in secondary trading in the last
24 hours, making it the second-most-traded NFT collection• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен across blockchains
according to CryptoSlam—only trailing Ethereum’s Pudgy Penguins .
Its price jump extends gains from the last month, in which it has increased in
value by nearly 73%, charging back to levels not held since April 2024
according to NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен Price Floor . The collection reached an all-time high of
$29,420 just one month prior in March 2024, but as of this writing remains
more than 100 SOL off its crypto-denominated high of 192 SOL.
Launched in April 2023, Mad Lads earned acclaim for its clever scheming that
resulted in bots spending more than $250,000 on a fake mint, protecting real
consumers trying to get the NFTs.
Consisting of nearly 10,000 profile picture NFTs, Mad Lads is the
second-most-traded Solana NFT collection• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен of all-time according to CryptoSlam .
Backpack first announced its intention to roll out a centralized crypto
exchange in October 2023. The company also operates a self-custody wallet that
supports multiple blockchains, including Solana and Ethereum.
Edited by Andrew Hayward
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