- Mad Lads NFT market cap reaches $67 million milestone.
- Backpack’s crypto exchange scheme in Dubai powers Mad Lads‘ value peak.
In the vibrant landscape of non-fungible tokens (NFTs), the Solana-based Mad Lads NFT has soared to unprecedented heights, marking a major milestone with its floor price hitting a new all-time high in Solana’s digital collectibles space.
Over a 24-hour span, the MLADS witnessed a staggering surge, exemplified by 122,598 SOL, which reflected a 29% escalation. The bottom price reflects this momentum and solidifies at $6.67. The market cap stands at $66,542,820, supported by 1,221,817 SOL trading hands in the same duration, representing an increase of 28.5%.
Furthermore, 24-hour volume impressively peaked at $1,364,119, showing an exponential increase of 1488.2% in 25,047 SOL.
MLADS chart view, source: CoinGecko
What’s behind the wave?
The rapid increase in the value of Solana’s Mad Lads is mainly fueled by Backpack’s strategic initiative. It plans to set up a cryptocurrency exchange center in Dubai. Can Sun, FTX’s former general counsel, led this effort. This endeavor has increased credibility and sparked significant intrigue within the crypto community.
Additionally, the recent announcement of a PYTH airdrop for Mad Lads holders and early registrants of the Backpack Exchange has increased interest. This strategic move is expected to further boost demand for Mad Lads NFTs.
Meanwhile, beyond the borders of Solana, Mad Lads and Backpack have captured the attention of collectors in several ecosystems. The integration of EVM support into the backpack wallet and messages of support from prominent figures in the Ethereum and Bitcoin communities indicate increasing interest from investors.
Finally, dedicated advocates lead the charge for continued growth and recognition within the Mad Lads community. It shows his fervor and unwavering support as proof of the project’s current success.