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Phoenix Group
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Recently, the market for #nft experienced significant fluctuations, with a market value drop of 1.2 billion dollars in less than a week, falling to approximately 8.1 billion dollars. This decline is highly correlated with the drop in the price of Ethereum (#ETH ), as most NFTs are minted on the Ethereum blockchain; the decrease in the ETH exchange rate directly pulls down the dollar value of NFTs, highlighting the close relationship between NFTs and the underlying blockchain. Specifically, the market impact is not uniform. Blue-chip projects like #CryptoPunks and #BoredApeYachtClub saw significant reductions in market value, but Pudgy Penguins unexpectedly rose to second place, indicating a shift in investor interest and community support. This also suggests that the NFT market is not only influenced by the overall market trend; the performance of individual projects can go against the trend. The drop in market value has brought challenges such as liquidity tightening and valuation uncertainty, but it may also clear out speculative bubbles and provide opportunities for projects with solid fundamentals and active communities. In the future, whether the NFT market can recover will depend on innovation capability, practical application implementation, and community building levels. For investors, the key is to conduct thorough research, diversify investments, maintain a long-term perspective, and closely monitor market dynamics. Although the volatility of the NFT market is high, its technological and artistic value still holds potential; those who understand how to observe trends and choose quality projects may find opportunities amidst the fluctuations.
Recently, the market for #nft experienced significant fluctuations, with a market value drop of 1.2 billion dollars in less than a week, falling to approximately 8.1 billion dollars. This decline is highly correlated with the drop in the price of Ethereum (#ETH ), as most NFTs are minted on the Ethereum blockchain; the decrease in the ETH exchange rate directly pulls down the dollar value of NFTs, highlighting the close relationship between NFTs and the underlying blockchain.

Specifically, the market impact is not uniform. Blue-chip projects like #CryptoPunks and #BoredApeYachtClub saw significant reductions in market value, but Pudgy Penguins unexpectedly rose to second place, indicating a shift in investor interest and community support. This also suggests that the NFT market is not only influenced by the overall market trend; the performance of individual projects can go against the trend.

The drop in market value has brought challenges such as liquidity tightening and valuation uncertainty, but it may also clear out speculative bubbles and provide opportunities for projects with solid fundamentals and active communities. In the future, whether the NFT market can recover will depend on innovation capability, practical application implementation, and community building levels.

For investors, the key is to conduct thorough research, diversify investments, maintain a long-term perspective, and closely monitor market dynamics. Although the volatility of the NFT market is high, its technological and artistic value still holds potential; those who understand how to observe trends and choose quality projects may find opportunities amidst the fluctuations.
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Market Manipulation in NFTsMany times we have seen the phrase 'market manipulation', referring entirely to #Criptomonedas and #tokens , but did you know that this can also happen in NFTs? Let's explore. To put a little context to all this, on Saturday there was a conference dedicated to the #nft called #CryptoPunks Meetup 2-0, the name refers to the very famous collection (OG) in the #Ethereum network with a floor price of 55 ETH (approximately $233k) and the significant value it represents for the community. Image 1 Source: Opensea

Market Manipulation in NFTs

Many times we have seen the phrase 'market manipulation', referring entirely to #Criptomonedas and #tokens , but did you know that this can also happen in NFTs? Let's explore.

To put a little context to all this, on Saturday there was a conference dedicated to the #nft called #CryptoPunks Meetup 2-0, the name refers to the very famous collection (OG) in the #Ethereum network with a floor price of 55 ETH (approximately $233k) and the significant value it represents for the community.

Image 1 Source: Opensea
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Bullish
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🎨💣 NFT RENAISSANCE: WILL ETH OUTPACE SOLANA? Data after CryptoPunks V2: 🔥 Trading volume: $1.4B (+700% over the month!) 🚀 Top collection: Pudgy Penguins ($200M volume) 💧 Gas cheaper than $0.01 after Dencun Where are they hunting for blue chip NFTs? #nft #CryptoPunks #PudgyPenguins #Ethereum $ETH {spot}(ETHUSDT)
🎨💣 NFT RENAISSANCE: WILL ETH OUTPACE SOLANA?
Data after CryptoPunks V2:
🔥 Trading volume: $1.4B (+700% over the month!)
🚀 Top collection: Pudgy Penguins ($200M volume)
💧 Gas cheaper than $0.01 after Dencun
Where are they hunting for blue chip NFTs?
#nft #CryptoPunks #PudgyPenguins #Ethereum $ETH
TOP #NFT SALES IN THE LAST 7D Among the largest sales in the last 7D are: #CryptoPunks Largest Sale: CryptoPunk #2550 - $332.77k
TOP #NFT SALES IN THE LAST 7D

Among the largest sales in the last 7D are:

#CryptoPunks

Largest Sale: CryptoPunk #2550 - $332.77k
Is the NFT Era Coming to an End? Why Did LG Shut Down Its Platform? 🚨 Another big shock for the NFT market! LG has announced that it will shut down its NFT platform, LG Art Lab, on June 17, 2025. Launched in September 2022, this platform allowed users to display NFTs on LG TVs and collaborate with digital artists. However, LG now says it is shifting focus to new technologies. NFT Market in Decline? ❌ The NFT market cap currently stands at $3.67 billion, far below earlier expectations. 📉 Major collections like CryptoPunks and Bored Ape Yacht Club have seen significant price drops. 🏢 Companies like Kraken and RTFKT are also shutting down their NFT operations. Will NFTs Make a Comeback? Many experts believe the NFT hype is over, while others see a potential comeback in a new form. 💬 What do you think? Should people still invest in NFTs, or is it a fading technology? Share your thoughts in the comments! 🔗 #NFTs cryptoNews #blockchain kchain #LGArtLab #NFTMarketCrash #CryptoPunks
Is the NFT Era Coming to an End? Why Did LG Shut Down Its Platform?

🚨 Another big shock for the NFT market! LG has announced that it will shut down its NFT platform, LG Art Lab, on June 17, 2025.

Launched in September 2022, this platform allowed users to display NFTs on LG TVs and collaborate with digital artists. However, LG now says it is shifting focus to new technologies.

NFT Market in Decline?

❌ The NFT market cap currently stands at $3.67 billion, far below earlier expectations.
📉 Major collections like CryptoPunks and Bored Ape Yacht Club have seen significant price drops.
🏢 Companies like Kraken and RTFKT are also shutting down their NFT operations.

Will NFTs Make a Comeback?

Many experts believe the NFT hype is over, while others see a potential comeback in a new form.

💬 What do you think?
Should people still invest in NFTs, or is it a fading technology? Share your thoughts in the comments!

🔗 #NFTs cryptoNews #blockchain kchain #LGArtLab #NFTMarketCrash #CryptoPunks
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Bullish
🔥 NFT MARKET ON FIRE: SALES JUMP 10.6% TO $115M! 🔥 🔹 Total Volume: NFT trading soared 10.6% this week to $115 million—green across the board! 🔹 Doodles DOMINATE: Doodles floor price exploded +500%, riding a wave of blue-chip hype 🚀 🔹 Blue-Chip Roar: CryptoPunks and Bored Apes flexed—with BAYC floor up +18% and Punks up +12%—as collectors chase legacy drops. 🔹 Layer 2 Surge: Polygon-based collections jumped +35% in volume as gas-free mint mania returns. 🔹 New Stars Rising: Azuki and Moonbirds saw floor gains of +22% & +19%, signaling fresh community flames. 💬 Your Take: Are you stacking Doodles or hunting the next breakout drop? Drop your hot pick & tag a fellow degenerate! 🔁 REPOST to blast this through the Square algorithm—let’s keep the mint frenzy alive! #nft #Doodles #CryptoPunks #Polygon #AltcoinSeasonLoading $ETH $POL $RPL  
🔥 NFT MARKET ON FIRE: SALES JUMP 10.6% TO $115M! 🔥

🔹 Total Volume: NFT trading soared 10.6% this week to $115 million—green across the board!
🔹 Doodles DOMINATE: Doodles floor price exploded +500%, riding a wave of blue-chip hype 🚀
🔹 Blue-Chip Roar: CryptoPunks and Bored Apes flexed—with BAYC floor up +18% and Punks up +12%—as collectors chase legacy drops.
🔹 Layer 2 Surge: Polygon-based collections jumped +35% in volume as gas-free mint mania returns.
🔹 New Stars Rising: Azuki and Moonbirds saw floor gains of +22% & +19%, signaling fresh community flames.

💬 Your Take: Are you stacking Doodles or hunting the next breakout drop? Drop your hot pick & tag a fellow degenerate!
🔁 REPOST to blast this through the Square algorithm—let’s keep the mint frenzy alive!

#nft #Doodles #CryptoPunks #Polygon #AltcoinSeasonLoading
$ETH $POL $RPL

 
🗞️ Today in Web3 Your daily dose of Web3 news 🌐 1⃣ Mastercard's UEFA Champions League Game NFT Pass 2⃣ MicroStrategy now holds 190K BTC 3⃣ CryptoPunks Announce Artist in Residence Program 4⃣ Bitsonic Chief Sentenced for Crypto Theft 5⃣ Judge Approves BlockFi and 3AC Settlement #Write2Earn #mastercard #btc #cryptopunks #microstrategy
🗞️ Today in Web3

Your daily dose of Web3 news 🌐

1⃣ Mastercard's UEFA Champions League Game NFT Pass
2⃣ MicroStrategy now holds 190K BTC
3⃣ CryptoPunks Announce Artist in Residence Program
4⃣ Bitsonic Chief Sentenced for Crypto Theft
5⃣ Judge Approves BlockFi and 3AC Settlement

#Write2Earn #mastercard #btc #cryptopunks #microstrategy
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🟡 NFT trader faces criminal charges — $13M profit from CryptoPunks hidden from tax authorities • American Waylon Wilcox pleaded guilty to concealing nearly $13 million in profits from NFT transactions from the CryptoPunks collection • In 2021-2022, he understated his income by millions — in 2021 he sold 62 NFTs for a profit of $7.4 million, and in 2022 another 35 for $4.9 million • When filing tax returns, he claimed that he had not conducted digital asset transactions — which turned out to be a lie • He now faces up to 6 years in prison, a hefty fine, and supervision after release • This is one of the first major cases where the IRS and U.S. prosecutors are targeting NFT speculators 🟡 For the cryptocurrency market as a whole — a signal that the IRS is tightening control, especially against the backdrop of new rules for DeFi and CEX, effective from 2024 📢 Stop chasing the market — start outpacing it 💼 #bitcoin #crypto #NFT #CryptoPunks #IRS
🟡 NFT trader faces criminal charges — $13M profit from CryptoPunks hidden from tax authorities

• American Waylon Wilcox pleaded guilty to concealing nearly $13 million in profits from NFT transactions from the CryptoPunks collection
• In 2021-2022, he understated his income by millions — in 2021 he sold 62 NFTs for a profit of $7.4 million, and in 2022 another 35 for $4.9 million

• When filing tax returns, he claimed that he had not conducted digital asset transactions — which turned out to be a lie
• He now faces up to 6 years in prison, a hefty fine, and supervision after release
• This is one of the first major cases where the IRS and U.S. prosecutors are targeting NFT speculators

🟡 For the cryptocurrency market as a whole — a signal that the IRS is tightening control, especially against the backdrop of new rules for DeFi and CEX, effective from 2024

📢 Stop chasing the market — start outpacing it 💼

#bitcoin #crypto #NFT #CryptoPunks #IRS
TOP #NFT SALES IN THE LAST 7D Among the largest sales in the last 7D are: #CryptoPunks Largest Sale: CryptoPunk #308 - $174.74K
TOP #NFT SALES IN THE LAST 7D

Among the largest sales in the last 7D are:

#CryptoPunks

Largest Sale: CryptoPunk #308 - $174.74K
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Chat with gmoneyFounded in 2022 by gmoney, 9dcc aims to “reinterpret centuries-old brand traditions while delivering fresh take on fashion for digital-first consumers whose perspectives on fashion and design align with gmoney’s vision for timeless style.” COLLECTION 01 by 9dcc is the first fully on-chain fashion collection, seamlessly integrating physical products with digital experiences. In this Q&A, gmoney discusses how he merges the physical and digital sides of fashion, as well as 9dcc’s upcoming Black Box casting, which launches on December 18th.

Chat with gmoney

Founded in 2022 by gmoney, 9dcc aims to “reinterpret centuries-old brand traditions while delivering fresh take on fashion for digital-first consumers whose perspectives on fashion and design align with gmoney’s vision for timeless style.”
COLLECTION 01 by 9dcc is the first fully on-chain fashion collection, seamlessly integrating physical products with digital experiences.
In this Q&A, gmoney discusses how he merges the physical and digital sides of fashion, as well as 9dcc’s upcoming Black Box casting, which launches on December 18th.
TOP #NFT SALES IN THE LAST 7D Among the largest sales in the last 7D are: #CryptoPunks Largest Sale: CryptoPunk #9723 - $206.07K
TOP #NFT SALES IN THE LAST 7D

Among the largest sales in the last 7D are:

#CryptoPunks

Largest Sale: CryptoPunk #9723 - $206.07K
TOP #NFT SALES IN THE LAST 7D Among the largest sales in the last 7D are: #CryptoPunks Largest Sale: CryptoPunk #5213 - $125.56K
TOP #NFT SALES IN THE LAST 7D

Among the largest sales in the last 7D are:

#CryptoPunks

Largest Sale: CryptoPunk #5213 - $125.56K
🔼#CryptoPunks floor is up 15%, now at $175K. One trader swept 76 #NFTs for $13.5M, sending volume up 11,000%. Looks like some figured $ETH strength might spill over into blue-chip #NFTs. Turns out, Punks not dead. {future}(ETHUSDT)
🔼#CryptoPunks floor is up 15%, now at $175K.

One trader swept 76 #NFTs for $13.5M, sending volume up 11,000%.

Looks like some figured $ETH strength might spill over into blue-chip #NFTs.
Turns out, Punks not dead.
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