NFTs
Milady NFTs Soar Amid NFT Market Volatility
Milady Maker NFTs rose 35% as most Ethereum NFTs plummeted.
As ETH rallied over the past two days, traders sold most of the top Ethereum NFT collections such as Azuki and Mutant Ape Yacht Club, but Miladies and related NFTs are bucking the trend.
While most collections trended downward or remained stable, Milady’s minimum price shot up 35% from 4 ETH ($14,800) to a high of 5.8 ETH ($21,500) in a matter of hours. While there is no clear catalyst for the rally, the momentum has been sustained as fundraising is still at a minimum of 5.5 ETH.
Top Ethereum NFTs
The Milady-adjacent NFT collection, Redacted Remilio Babies, also jumped 35%, rising from 1.36 ETH to a high of 1.85 ETH before pulling back.
Periods of high volatility in the price of Ether may negatively affect NFT prices in the short term. Traders often prefer to be allocated ETH over NFTs when they anticipate large price movements. This is typically due to fear that the NFT will underperform compared to the base asset, ETH.
Despite the previous controversyMilady and Remilio NFTs have vastly outperformed other ETH NFT collections since 2021, and both are currently at all-time highs.