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Azuki spikes past Bored Apes in daily sales

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Azuki, an anime-inspired NFT avatar collection, surged over 140% in the past 24 hours to top Friday’s sales volume chart, surpassing Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club, according to CryptoSlam data

See related article: Azuki, CryptoPunks battle it out for week’s top NFT title

Fast facts

  • With its latest spike, Azuki’s sales volume has grown about 360% in the past week, recording the third-highest sales across the NFT market. 
  • Meebits, an NFT collection owned by BAYC creator Yuga Labs, had its sales volume pump by over 1,400%.
  • Both Azuki and Meebits are some of the most popular NFT collections that have had inflated sales volumes in recent months due to wash trading.
  • Wash trading is a form of market manipulation where investors repeatedly purchase assets from themselves at self-directed prices to mislead value. 
  • Azuki has stayed competitive against industry leaders like Bored Apes and CryptoPunks, both of which have been receiving sales boosts since Yuga Labs announced its gaming and metaverse venture, Otherside.
  • Azuki is the eighth-highest selling NFT collection of all time on the Ethereum blockchain.

See related article: Why Asia is poised to be the next big market for an NFT boom

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Source: https://forkast.news/headlines/azuki-spikes-past-bored-apes-daily-sales/

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