Why are these Pixelated Feet NFTs Pumping?

A few of your NFTs could also be dropping worth at the moment, however you recognize what’s not dropping worth: Feetpix.wtf. Feetpix is a brand new NFT assortment of 10,000 free-to-mint foot photos that bought out on Sunday. The gathering managed to build up 778 ETH in quantity, surpassing blue-chip collections like BAYC on the day of launch. Right here’s what it’s best to know concerning the ridiculously comical assortment:

On January 8, 2023, the Feetpix.wtf assortment bought out and have become the fifth most-traded assortment on Opensea on Tuesday. The gathering has at present performed 778 ETH in quantity or about $1 million, over the course of solely three days. Additional, Feetpix’ ground worth hit a excessive of 0.135 ETH earlier than it misplaced some momentum. Nevertheless, its quantity has elevated 88% in simply the final six hours alone, leading to a 0.087 ETH ground worth.

What’s inflicting this stunning but predictable pump? It’s certainly not the utility or roadmap of the gathering since, humorous sufficient, neither exist.  “0 roadmap, 0 guarantees, 0 advertising and marketing, 0 paid influencers, 1 frequent love of ft,” Feetpix tweeted. Maybe homeowners adored the right placement of pixels that make up every of the gathering’s NFTs. Or perhaps “degen season” is again and stronger than ever.

All in all, the Feetpix assortment is every thing you anticipated it to be. It’s nothing greater than a humorous assortment of all kinds of distinctive digital foot photos with a variety of strange attributes. The NFT group on Twitter had quite a bit to say concerning the lately trending assortment. However, it’s troublesome to say whether or not it is a bearish or bullish signal.

after all a feetpix NFT is trending on OpenSea. And naturally a few of these ft have a cigarette between their toes. what else ought to we count on? pic.twitter.com/JwgUW3i9w4

— NFTstatistics.eth (@punk9059) January 9, 2023