Azuki NFT prices are 65% lower than a month ago.
The setback that followed the unexpected decline of the Elementals franchise last month has resonated with the community. According to Nansen data, Azuki trade volume also decreased by 78 percent.
Azuki NFT prices are 65% lower than last month
Prices for Azuki NFTs have dropped 65 percent since Elementals launched in June, according to data from Nansen. On June 26, the day before Elementals’ controversial fall, Azuki prices were at around 15 ETH, while in the following month, the base price dropped to 5 ETH as of July 27. During the same period, Azuki’s trade volume also decreased by 78 percent.
Azuki launched a new NFT collection called Elementals on June 27, dropping 10,000 anime-inspired avatars from the air and distributing them to existing Azuki owners. 10,000 more were originally planned for sale, but the collection sold out before the public had a chance to purchase NFTs. This is the highest trading volume for the collectible since May 2022, with $51 million in sales as a result of Elementals drop, despite acknowledging the missteps in Azuki’s launch.
