Mad Lads tops weekly NFT sales in first week since launch

Mad Lads, a Solana-based non-fungible token collection ($NFT), generated over US$16.86 million in secondary sales in its first week since launch, according to CryptoSlam data.

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Fast facts

• Mad Lads recorded the highest $NFT sales total across all blockchains. Bored Ape Yacht Club on Ethereum was the only other collection to top US$10 million in secondary sales over the past week with US$13.29 million.
• Mad Lads has been responsible for over 50% of total $NFT sales on the Solana blockchain over the past week.
• Mad Lads, a collection of 10,000 unique profile picture NFTs, was minted on April 21 at 6.9 $SOL per token (US$154). Its floor price rose to 85 $SOL at 10:30 p.m. in Hong Kong. Mad Lads is currently distributed between 3,580 holders, according to CryptoSlam data.
• Solana’s new top $NFT set was created by Armani Ferrante and Tristan Yver, the co-founders of Web3 wallet Backpack.
• Last week, the collection’s public mint was delayed nearly 24 hours after Backpack received excessive process requests, resulting in a distributed denial of service attack.
• Mad Lads has received significant support and interest from the Solana $NFT community. The blockchain recently lost two of its most popular $NFT projects, y00ts and DeGods, to Polygon and Ethereum migrations.
• Despite the collection’s success, the Forkast $SOL $NFT Composite fell 4.83% in the past seven days.

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