KSI Faces Allegations of Pump-and-Dump Scheme + Latest NFT Updates

Top NFT News Today: February 15, 2024

NFT Market Data

The non-fungible token (NFT) market sales volume is slightly down today compared to yesterday, dropping less than 1% to $34,816,770, according to CryptoSlam. The statistics for the past day show that NFT buyers are up 2%, while sellers are down 8% and transactions are down 11%. Currently, only two of the top ten collections per sales volume have decreased over the past 24 hours.

The popular ERC404-based Pandora fell 30% to 4.2 million, while DMarket dropped 5% to $757,178. On the other hand, Art Blocks has had a successful day, with a sales volume increase of 588% to $774,173. Moonbirds posted a rise of 304% to $690,352, securing a place in the top ten collections, now sitting in 10th place.

YouTuber KSI Accused of Pump-and-Dumps

Popular crypto investigators ZachXBT and Coffeezilla have accused YouTuber Olajide Olayinka Williams Olatunji, aka KSI, of conducting several pump-and-dump schemes. ZachXBT revealed that KSI would ‘praise’ a project and then sell the coins within hours or days. KSI responded to the accusations, claiming that he is still “HODL gang” for those coins and did not have any malicious intent in trying to scam etc.

Pandora’s Sales Volume Nearly Double That of Ordinals

The famous ERC-404 token Pandora has hit $86,778,798 in sales volume less than two weeks since its launch, almost doubling the sales volume of Ordinals in the past 30 days. Despite having significantly more transactions, buyers, and sellers, Uncurated Ordinals have been outperformed by Pandora. Moreover, 50% of Pandora’s NFTs were retained in the wallets since the initial purchase without selling, indicating a promising rate for a new project.

Pudgy Penguins Floor Price Flies High

Pudgy Penguins, an Ethereum-based NFT collection, has been gaining popularity with a total volume of 293,837 ETH and a current floor price of 20.899 ETH. The floor price has been steadily increasing, rising 257.3% over the past 90 days. Similarly, related collections like Lil Pudgys and Pudgy Rods have seen significant increases in floor prices, showcasing a growing trend in the NFT market over the past few months.