Following the launch of Taproot Wizards’ Quantum Cats non-fungible token (NFT) series, secondary market activity reveals significant trading volume and a significant increase in the minimum value of the collection. Initially offered at 0.1 bitcoin each, Quantum Cats’ lowest value now hovers around 0.303 bitcoin or $13,062 for each NFT.
Quantum Cats floor values jump to new heights
Just 48 hours earlier, Bitcoin.com News reported on the launch of Quantum Cats NFT, which had suffered some setbacks. Post-launch, after making over $12 million through initial sales, Quantum Cats has now commanded prices well above its initial cost of 0.1 BTC. According to Magic Eden’s figures, Quantum Cat has seen transactions totaling 257.6658 BTC, equivalent to $11.1 million, since it was introduced to the secondary market.
Furthermore, the Ordinals series on the Okx Bitcoin inscriptions trading platform has recorded 245.3061 BTC or $10.57 million in transactions since its debut. Magic Eden lists the minimum value of the Quantum Cats collection at 0.303 BTC or $13,062, while Okx shows a minimum of 0.338 BTC or $14,571 per collectible. This indicates that the lowest value of the NFTs since their initial listing has risen to more than three times their original retail price.
Currently, of the 3,333 NFTs, 533 are up for grabs on Magic Eden, while only 28, or 0.84%, are available on Okx’s inscription marketplace. With 2,720 different holders, the collection will be the leading NFT series on both Okx and Magic Eden starting Wednesday at 9 a.m. Eastern Time.
Currently, Bitcoin-focused NFT sales are just behind Ethereum, with a total of $64,615,064 in sales over the past week, compared to Ethereum’s $100,712,013. Despite this, Quantum Cats faces stiff competition from established Bitcoin inscription series such as Bitcoin Punks and Ordinal Maxi Biz. Notably, five days ago, Bitcoin Punk #60 fetched $169,266, marking it as the most expensive Ordinal entry sold in the past week.
What are your thoughts on the Quantum Cats NFTs rising in value on the secondary markets? Share your thoughts and opinions on this topic in the comments below.