the price has increased by 47% in the past month

The floor price of the NFT Azuki collection, famous for its profile images used by the crypto community, has risen 47% in the past month. Specifically, the price has increased from 3.7 ETH thirty days ago to the current 5.3 ETH.

NFT Azuki and its 47% increase in price floor in the last thirty days

According to Coin gecko‘s platform, it seems the floor price of the Azuki collection has increased by 47% in the past thirty days. Specifically, the price has increased from 3.7 ETH to 5.3 ETH.

Azuki is an NFT collection with a total market capitalization of more than $90 million and currently priced at 5.3 ETH, the equivalent of $9,039.

The collection, launched in early 2022, represents 10,000 unique NFTs, in pfp formatand that is often used as a profile image of the crypto community. The unique Azuki prizes are generative NFT avatars inspired by anime-style artworkwith a distinct artistic style.

All 8,700 Azuki NFTs, available for new, were sold for 1 ETH, in a Dutch auction which sold out within 4 minutes. Additionally, an unspecified number of the remaining NFTs were minted via a private whitelist sale, selling for 0.5 ETH each.

NFT Azuki: the price development of the collection since launch

At the time of writing, there are no fewer than 100,000 4,219 unique owners of the NFT Azuki collectionbut if you look at the overall graph of the price floor, the story is very different than it seems.

And in fact, the bottom price of the NFT collection after launch of Azuki’s pfp profile images peaked at 31.8 ETH on April 3, 2022.

Than from May 11, 2022the price dropped to just 8.3 ETH. From that moment on, the price fluctuated and always remained above that bottom price.

At the beginning of July 2023However, the floor price fell below the thresholdinitially touching 6.43 ETH, to 3.55 ETH in August. In the past month alone, the price of the NFT collection has skyrocketed.

The launch of Elementals

Last June 2023, Azuki launched his new one Elementals collection, consisting of 20,000 NFTs, also on Ethereum.

Once again, the Dutch auction mode was chosen for the initial sale, with a starting price of 2 ETH per NFT, the equivalent of $3,750 per piece at the time.

The idea expressed by Chiru Labsthe Web3 startup behind Azuki, will expand the original anime-themed project with additional profile images.

The previous owners of NFT Azuki received one of the Elementals, leaving half of the supply for public sale.

In this connection, in July 2023, the drop in Azuki’s floor price was associated precisely with the NFT Elementals collection, whatever that was accused of mismanagement by the team.

Not only that, critics also accused the team of owning 20,000 ETH for the past year without making any progress.