Azuki's Floor Sinks 24% in the Same Week Its Card Game Has Its Busiest Run Yet

ALEX: Azuki's floor is down 24% this week. That's its roughest stretch in a month.

ALEX: And it's happening the same week its trading-card game is having its busiest run yet.

ALEX: Fractured Domains drops November 20, and this week's been wall-to-wall card reveals from creators in the community.

ALEX: Today alone, a forty-nine ninety-nine box sold out, with a rare chase card inside every single copy.

ALEX: So here's the split. The NFT floor is bleeding. The trading cards are thriving.

ALEX: One tracker says the floor drop isn't panic. It's forced liquidations on Blur's lending book -- loans against Azuki pieces getting called in, and seized pieces get dumped fast.

ALEX: Whales holding ten or more Azuki have been net sellers this month. The order book just above floor is thin right now.

ALEX: Not everyone's rattled, though. Collector Akylles just landed a rare piece and basically shrugged at the whole thing.

ALEX: His take -- once the floor stops mattering to you, that is the entire point of holding a grail.

ALEX: Okay. Rest of the market.

ALEX: Ethereum actually underperformed its own token this week. Floors fell further than ETH did, which almost never happens.

ALEX: Solana mostly just followed SOL down. The token moved, and the floors moved with it.

ALEX: The Robinhood chain had the ugliest floor week on paper, down ten percent. But its volume nearly doubled -- almost all of it one collection, Quotrons.

ALEX: Quotrons broke below one ETH for the first time this run, and holders turned on the promoter who'd been hyping it.

ALEX: That same project had just paid a holder real money in tokenized stock rewards, days earlier. Make of that what you will.

ALEX: One sale there did stand out -- a piece almost five times its own floor, clearing close to eleven grand.

And over on Pulse, a Pudgy holder formally asked Walmart to pull the brand's merchandise over the founder's past Abstract Chain promises.