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BAYC continues to decline, Azuki and BEANZ on the rise? Beeple: AZUKI RISING

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BAYC continues to decline, Azuki and BEANZ on the rise? Beeple: AZUKI RISING

The well-known NFT series Bored Ape Yacht Club (BAYC) recently faced a consensus crisis, with prices in the secondary market dropping by 14% within a week to below 40ETH. BAYC's major collector, Huang Licheng, even proposed to acquire a large number of related NFTs in an attempt to rescue the prices. On the other hand, amidst the general downturn of blue-chip NFTs, the Azuki series, which means "red bean" in Japanese, has maintained a certain level of ETH price. Renowned digital artist Beeple also created a piece titled "AZUKI RISING" to show support for Azuki's rise.

Brother Huang Licheng also felt the pressure from Azuki's recent event, The Rabbit 2023, in Las Vegas. He expressed, "Azuki has outsmarted us, darn it."

Disclaimer: This report describes the current situation and is not investment advice. The NFT market has low liquidity and is prone to manipulation, so please exercise caution.

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Learn more about Brother Huang Licheng's proposal

AZUKI RISING

Renowned digital artist Beeple released a new artwork on 6/24, featuring a painting of a golden Azuki statue with a group of red bean people protesting below. Beeple is not typically an artist who leads trends but rather presents current events as a record or satire.

Recently, the NFT series is hosting a series of community events called The Rabbit 2023 in Las Vegas, which may have inspired the artwork.

Beeple's artwork

AZUKI Announces Airdrop of SBT, Launching Azuki Elementals on 6/27

AZUKI announced the release of Azuki Elementals on 6/24, NFTs with four elements totaling 20,000 varieties, accompanied by animated promotional production. Azuki and BEANZ holders can participate in the presale. Holders attending The Rabbit 2023 event in Las Vegas can also receive the soul-bound token SBT.

AZUKI Average Price in the Past Year: 13 ETH

According to data from NFTGo, Azuki has had 1585 sales in the past year with an average price of 13.89 and a current floor price of 17.07. The price curve is relatively stable, which is significant amidst the sharp decline in the NFT market. Whale transactions amount to 3890.

BAYC Average Price in the Past Year: 61 ETH

Based on data from NFTGo, BAYC has had 5810 sales in the past year with an average price of 61.45 and a current floor price of 35.17. The price has significantly dropped, but the transaction volume remains impressive. Whale transactions amount to 3640.

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