NFTs
MOCA Token Soars to $800 Million Valuation as Mocaverse NFTs Crater
The floor price of Mocaverse NFTs plummeted 47% on July 9.
MOCA, a token that aims to reward Mocaverse holders NFTsdebuted with a market cap of $72 million and has since surged 41% to $102 million, according to CoinGecko.
MOCA last changed hands at $0.088 and boasts a fully diluted valuation of $800 million.
MOCA Price
Mocaverse NFT holders are eligible for a MOCA airdrop allocation if they have a MOCA ID with at least 1,500 Realm Points (earned through various activities within the ecosystem) or if they own at least 1 MOCA or Lucky Neko NFT. Of the total MOCA supply, 10% has been allocated to reward holders.
To qualify, users needed to register on the site by July 9, which coincides with a drop in the minimum price for Mocaverse NFTs.
According to NFT Minimum PriceThe minimum price of the collection fell 47% to $5,770 from $10,853 on July 9. When measured in ETH, the asset fell to 2.20 ETH from 3.55 ETH. Users originally paid $100 per token to mint Mocaverse.
The terms of the airdrop may be bolstering MOCA’s price performance, with eligible wallets able to qualify for a potential 40% bonus allocation if they wait until October 11 to claim their tokens. The deadline to claim the first airdrop is August 11.
But while Mocaverse was the worst-performing NFT collection in the top 100 over the past week and 30 days, it remains 21st among NFT collections by market cap, with $51 million.