Pudgys and Miladys are pumping even as overall liquidity declines


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When he was Kobe twitter On his pyramid philosophy on building the perfect cryptocurrency portfolio — you've heard.

You may have seen the benefit of deploying your capital across Bitcoin, Ether, and Solana in... 50/35/15 split. Depending on execution, these strategies could have easily paid off during the bull market thus far.

It's probably still painful to know that they've been blown out of the water by Milady and Pudgy NFTs.

USD-denominated minimum prices for both NFT sets have now risen more than 20x since December 2022.

The cheapest Miladys went for the equivalent of $890 in ETH at the time – today it costs $22,570.

Meanwhile, the value of Pudgys rose from $5,070 to $106,900. Floor Pudgys are now technically more expensive than Bitcoin, even though the supply is much lower.

BTC meanwhile has managed around 6x and ETH 3x, while SOL is currently at 18.5x.

Then again, you can't buy Stuffed collectible Bitcoins at Walmart.

Of course, NFT markets are much smaller and less liquid than major currencies. They tend to undergo large volume pumps when volume suddenly rises.

Most of the gains have come in the last month or so: there have only been about 1,000 Pudgy Deals last week and 1900 last month. 400 and 1240 LBP AD.

In any case, there is no denying that Floor Miladys and Pudgys are now two of the best performing crypto assets in this bull market.

Only one coin out of the top 25 beats them: PEPE.

As you can see, Miladys and Pudgys are outliers

The minimum prices for Azuki, Doodles and CryptoPunks are still more than double, but this is lower than most major coins except LTC and DOT.

Even bored monkeys and names lost value against the US dollar.

However, if you're looking for indicators of just how ridiculous the next bull market phase is, look no further.


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