No catalyst, no thesis, and that is the pitch: five pieces taken off the floor
Six posts, and the collection was mostly a prop in somebody else's argument about the exchange its founders built. The one post that was genuinely about buying it said the quiet part out loud: there is literally no catalyst and no thesis to pump the price, there is zero expectation, so anything positive triggers a mean reversion off the floor, and the…
Nominated for the ecosystem's NFT community award, while the timeline talks about the wallet
Nothing of the day was about the King Lad sale that the collection's open story tells. What it was about: an account published his picks for the ecosystem's second community awards and put this collection down for the NFT Community Award, one of a dozen categories he listed. The rest circled the founder and the exchange his team built rather than the pieces…
The King Lad, number one in the collection, sells for 258.9 SOL
MadLads #1 — the King Lad, the first piece in the collection — changed hands for 258.9 SOL, around 31,500 USD, and our book seals it at 26.7 times the 9.70 SOL floor, by far the largest multiple this collection has printed. The official account marked it with two words, MAD KING, for 268 likes and nearly 18,000 views; two accounts reported the sale…
Top of the trending list, and the room keeps telling itself it is still cheap
The day was one long argument that the price has further to go, made by people already holding. A collector pointed at the exchange token up around 300% in ten days and said he had called this since the floor was near 500 dollars, now around 1,600 and climbing; another noted the collection topped the trending list on the biggest marketplace and predicted a…
