The starting price of NFTs is notable Solana Mad Lads Group jumped 19% earlier on Tuesday, with the rise following news that parent company Backpack had acquired the remains of FTX Europe and the collapsed company's MiFID II exchange license.

Mad Lads briefly held a lower price — also known as the cheapest asset listing on the market — of roughly $18,300 worth of SOL early Tuesday, though the price has fallen to $16,240 as of this writing after a sharp correction across the entire market. .

The increase in prices may come from speculators hoping to gain benefits associated with it Buy a backpackwhich will allow the Backpack exchange to offer permanent trading to European users after prioritizing the return of funds to FTX Europe users.

Although no direct benefits have been announced for Mad Lads holders, project CEO Armani Ferrante shared a timely reminder late last night, just hours before the takeover was announced.

“Remember, if you hold Mad Lad, you will automatically get VIP 1 in the Backpack Exchange.” Published on X (formerly known as Twitter).

This reminder came in response to the company's teaser about the upcoming trading season, a time period when trading volumes on existing exchange products may lead to additional benefits. Previous seasons have rewarded backpack users with Arriving at the airdropIt is a feature well known to Mad Lads NFT holders which Received airdrop From Wormhole, Dimension, etc.

Mad Lads received over $1.8 million in secondary trading in the past 24 hours, making it the second most traded NFT block across the blockchain according to CryptoSlam – trailing only Ethereum Obese penguins.

The price jump continues the gains from last month, with its value rising by about 73%, returning to levels that have not been maintained since April 2024. According to the NFT price floor. The group reached an all-time high of $29,420 just one month before March 2024, but as of this writing is still more than 100 soles below its cryptocurrency-denominated high of 192 soles.

Launched in April 2023, Mad Lads has been widely acclaimed for its design Clever scheming This led to bots spending more than $250,000 on fake mints, protecting real consumers trying to obtain NFTs.

Made up of nearly 10,000 avatar NFTs, Mad Lads is the second most widely traded Solana NFT collection ever According to CryptoSlam.

Backpack first announced its intention to launch a Central crypto exchange in October 2023. The company also operates an autonomous wallet that supports several blockchains, including Solana and Ethereum.

Modified by Andrew Hayward