Samina Kareem

Clone X NFT Art Vanishes: Controversy Erupts Over RTFKT’s Sudden Disappearance
A heated debate has gripped the NFT community after users on X (formerly Twitter) noticed a startling issue affecting the Clone X non-fungible token (NFT) collection. As of April 24, 2025, holders reported that all visual art associated with their Clone X NFTs had vanished, leaving only broken image links and metadata behind.

Be CloneX
Make $81.3M from NFT sales
Get another $37.8M from royalties
Airdrop sneaker coupons
Go silent
Shut down
Don’t pay for servers
Holders left with a broken link and a dream
— Pix🔎 (@PixOnChain), April 24, 2025

The Rise and Fall of RTFKT

Founded in 2020, RTFKT (pronounced "artifact") quickly rose to fame for its futuristic vision, blending augmented reality, game engines, and premium digital design to create collectible assets. Its meteoric success drew the attention of global giant Nike, which acquired RTFKT in December 2021 for a reported $300 million.

RTFKT’s flagship project was the Clone X collection—20,000 unique avatars built on Ethereum, co-created with iconic Japanese artist Takashi Murakami. These NFTs were split into eight “DNA” types, ranging from common Humans (50%) to ultra-rare Aliens (0.15%).

Some Clone X avatars sold for astronomical prices. Notably, CloneX #4594 fetched 450 ETH in 2022, while CloneX #13134 sold for 368 ETH. At its peak, Clone X was among the most valuable NFT projects in the world.

What Went Wrong?

RTFKT’s downfall began in late 2024. Despite earning over $81 million in NFT sales and $37.8 million in royalties, the team ceased operations after Nike announced the brand’s official closure in November 2024.
Since then, RTFKT has gone completely silent—no updates, no communication with holders, and now, no hosted artwork. The cause? It appears the servers that once hosted the Clone X metadata and images are no longer being paid for or maintained.
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$LISTA/USDT EXPLODES — CHARTS SHATTERED AS MOMENTUM IGNITES

$LISTA just blasted off, rocketing +25.25% to reach $0.2242, after peaking at a 24h high of $0.2270 and bouncing hard from a low of $0.1774. With $55.57M+ in trading volume, this isn't just noise—the bulls are in beast mode.

As long as $LISTA holds above the key $0.2190 support, eyes are on the next launch pads at $0.2350, $0.2500, and possibly $0.2800 in the short term.
If a cooldown hits, watch $0.2100 and $0.2010 as prime reload zones.

This isn’t a pump.
This is power. This is moment
Trade smart. Ride the wave.

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Mantra Token Crashes 90%, Wipes Out $4.5 Billion Amid Rug-Pull Fears

Mantra’s OM token suffered a staggering 90% crash on April 13, erasing over $4.5 billion in market cap within two hours. The token briefly fell from a $5 billion valuation to just $500 million before a modest rebound to $761 million. Despite the partial recovery, OM remains down over 87% on the day.

Panic spread across the community, with investors alleging a rug-pull. However, the Mantra team swiftly denied any involvement, attributing the collapse to "reckless liquidations." On-chain data from Lookonchain revealed that 17 wallets offloaded $227 million worth of OM (4.3% of its circulating supply) to exchanges prior to the crash. Two of these addresses were reportedly tied to Laser Digital, a strategic investor in Mantra.

Community lead Dustin McDaniel also denied any wrongdoing, stating the team was offline in Hong Kong at the time of the event. Despite reassurances, doubts linger as traders await more clarity on one of the largest crypto flash crashes of 2025.

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NFT Trader Faces 6-Year Sentence Over $13M Tax Fraud

Waylon Wilcox, a non-fungible token (NFT) and cryptocurrency investor, has pleaded guilty to filing false income tax returns, omitting over $13 million in earnings from CryptoPunks NFT sales. The U.S. Attorney’s Office for the Middle District of Pennsylvania confirmed the charges in an April 11, 2025, press release.

Wilcox, a 45-year-old resident of Dillsburg, Pennsylvania, admitted to two counts of filing false tax returns for the years 2021 and 2022. Court documents reveal that in 2021, Wilcox sold 62 CryptoPunks NFTs for approximately $7.4 million, while in 2022, he sold 35 additional CryptoPunks for roughly $4.9 million. Despite these earnings, he failed to report the income and claimed deductions that reduced his tax liability by over $1 million.

The charge sheet, originally filed on April 12, 2022, stated that Wilcox omitted $2 million in 2021 alone. His 2022 tax filings were short by $4.6 million in reported income.

In both years, Wilcox falsely checked “no” on the IRS digital asset question, which asks whether the taxpayer received, sold, exchanged, gifted, or otherwise disposed of any digital assets.

CryptoPunks, created in 2017 by Larva Labs and now managed by Yuga Labs, are a highly sought-after collection of 10,000 unique, pixel-art NFTs stored on the Ethereum blockchain.

Wilcox's actions violate U.S. tax laws, which require digital asset transactions—including NFT sales—to be reported for tax purposes. His conviction could lead to a maximum sentence of six years in prison and a significant financial penalty.

The IRS Criminal Investigation unit led the investigation, with Assistant U.S. Attorney David C. Williams prosecuting the case.

“IRS Criminal Investigation is committed to unraveling complex financial schemes involving virtual currencies and NFTs designed to conceal taxable income. It’s more important than ever that Americans trust the system and know everyone is playing by the same rules.

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NFT Market Bounces Back Slightly With $95M Weekly Sales Surge, Ethereum NFTs Lead The Charge

After weeks of steep decline, the global non-fungible token (NFT) market has shown a modest sign of life, recording a 2.05% uptick in trading volume this past week. According to data from CryptoSlam, NFT sales totaled $95 million from April 7 to April 13 — a much-needed rebound after a brutal start to 2025.

This recovery comes on the heels of broader market turbulence, largely fueled by President Donald Trump’s 2025 tariff policies. Initially hailed as a potential crypto-friendly administration, Trump’s decision to impose 10–25% tariffs on imports earlier this month triggered a widespread risk-off sentiment across digital asset markets. The result? An $800 billion wipeout in total crypto market cap since January, with Bitcoin dropping below $80K and stocks back to levels not seen since the 2023 rate hikes.

“Trump was supposed to be great for crypto traders. Instead, Bitcoin is under 80k and the crypto market is down hundreds of billions,” tweeted Joey Palimeno (@PalimenoForGAD1) on April 7.

Ethereum Leads NFT Comeback

Despite the broader crypto slump, Ethereum once again proved its dominance in the NFT space. Between April 6 and April 13, Ethereum-based NFT collections generated $37 million in trading volume — a significant 55% increase from the previous week.

Close behind, Polygon secured its spot as the second most-active NFT blockchain, with $17 million in weekly volume, up 0.84%. The Courtyard NFT collection played a pivotal role in this growth.

Mythos Chain came in third with $14 million in sales (up 6.34%), followed by Solana, which dropped to fourth place. Solana NFTs clocked $6.8 million in sales, but saw a sharp 29.5% decline compared to the previous week.
Courtyard NFT (Polygon)

Sales: $15M | Weekly Growth: +1.85%

A limited collection of 80,461 digital assets, Courtyard NFTs led the market this week.

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Polygon Surpasses Ethereum in Daily NFT Sales Volume Amid Bear Market

Despite the ongoing crypto bear market, Polygon—a popular Ethereum scaling solution—is showing strong resilience and growth, especially in the NFT space. For just the second time in crypto history, Polygon has overtaken Ethereum, Mythos, and Solana in terms of daily NFT trading volume. In the past 24 hours alone, Polygon-based NFT collections generated a sales volume of $2.8 million.

Polygon Tops the Charts

According to data from CryptoSlam, a leading multi-chain NFT analytics platform, Polygon led all major NFT blockchain networks in daily trading volume. Ethereum, which usually dominates the NFT scene, came in second with $2.6 million, marking a steep 71% drop from the previous day.

Coming in third was the Mythos Chain, with $2.1 million in sales, down 2.09%. Meanwhile, Immutable and Solana took fourth and fifth place, recording $1.2 million and $1.1 million, respectively. Notably, both Immutable and Solana saw significant growth, with Immutable’s volume up 208% and Solana’s up 67%.

What’s Driving Polygon’s NFT Surge?

The standout driver behind Polygon’s success is Courtyard, an NFT collection featuring over 80,000 digital collectibles. Courtyard alone accounted for more than $2.5 million in trading volume—over 80% of Polygon’s total—and saw a 1.54% increase from the previous day.

This isn’t the first time Polygon has outpaced Ethereum in daily NFT volume. Back in January 2024, the Web3 game Gas Hero and its “Common Heroes” NFT collection helped Polygon briefly seize the top spot, with over $3 million in daily sales at that time.

Quick NFT News Bites:

Rarible launches NFT trading on MegaETH’s testnet

A Punk NFT sold for $16M earlier this year, recently resold for just $6M

Magic Eden acquires crypto trading app Slingshot