The A to Z of Meebit’s NFT Pool Investors Should Know Before Selling

Created by a custom generative algorithm and placed on the Ethereum blockchain, it Meebit’s NFT’s collection consists of 20,000 unique 3D voxel characters.

Launched in May 2021, with a market cap of $832.8 million, the NFT collection holds 3.2% of the total NFT market cap of $23 trillion.

Moreover, with an all-time trading volume of $9.73 billion, Meebits leads the entire market with a market share of 19.37% of the total trading volume of $61.22 billion. This has earned it its place as a “Blue-Chip” NFT collection.

According to data from Sentiment, Meebit’s NFT contract address has seen an increase in interactions and transactions this week. Both metrics have reached their highest levels to date since February.

How has the NFT collection performed over the past seven days?

Meebits is up

According to data from CryptoSlamwith $6,035,899.79 in total sales volume in the last 29 days, the Meebits collection has seen a 46% increase in sales volume from the $3,207,926.51 recorded in June.

Source: CryptoSlam

According to data from NFT Price Floor, the collection’s price floor was 5.1 ETH at press time. In a 7-day window period, this has grown by 8%. In the last 24 hours, Meebit’s price floor was up 15.25%.

Source: NFT Price Floor

Furthermore, in the last seven days, the number of selling and buying transactions for Meebits totaled 367, according to data from NFTGo. During this period, 1.79 million dollars in total sales volume was recorded.

With this figure, the number of transactions to buy or sell Meebit’s NFTs in the last seven days increased by 40.08%.

Similarly, in the same period, data from NFTGo showed that the number of transactions to send or receive NFTs in the Meebits collection logged a 7.92% increase. A total of 218 transfer transactions were registered in the last seven days.

Source: NFTGo

Come buy my Meebits

Within the period under review, the NFT pool managed a 27.03% increase in the number of unique addresses that purchased NFTs at least once from the pool. Over the past seven days, 171 unique addresses have captured at least one Meebits.

Conversely, the number of unique addresses that sold NFTs at least once from the Meebits collection also saw a 27.59% increase over the period.

Interestingly, despite the increase in the number of sellers and buyers of NFTs over the past seven days, a 0.11% decrease was recorded in the number of unique addresses that currently hold at least one NFT from the pool.

Source: NFTGo