Azuki NFT Floor Price Is Back Up To 15 ETH Despite Rug Pull Allegations


The Azuki NFT flooring worth continues to rise this afternoon, seemingly shaking off the rug pull accusations. Firstly of the week, the Azuki NFT flooring worth was 23 ETH.

Nevertheless, following quite a few allegations and revelations in regards to the founder, Zagabond, the worth took successful, falling to 10 ETH. It seems as if the worst could also be over for the Azuki community, and the worth is heading upwards once more.

Azuki NFT collection's banner with various anime art NFT floor
The Azuki NFT flooring worth is rising once more after a loopy week for the community Credit score: Azuki

Azuki NFT flooring worth drops after founder allegations

This week the information emerged that the Azuki founder, Zagabond, has beforehand created different NFT initiatives. These initiatives are CryptoPhunks, Tendies, and CryptoZunks.

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Considerably, and in line with many, a few of these initiatives are rug pulls and not exist. Within the days that adopted the information, Zagabond tried to defuse the scenario on a Twitter Areas with disastrous outcomes. Zagabond mentioned, ‘I’m nonetheless studying’ within the areas, which led to many jokes and memes within the NFT community.

The entire thing created outrage, and the Azuki NFT flooring worth started to drop quickly. Over 4 days, it went from 23 ETH to a low of 10 ETH. After all, there are different elements at play. This week has been chaotic within the NFT and crypto area, with many initiatives and cash falling in worth.

Nevertheless, it isn’t simply in regards to the worth. There have additionally been questions raised in regards to the venture’s legitimacy and if Zagabond needs to be allowed to proceed main Azuki. Yesterday, Zagabond transferred full management of the CryptoPhunks NFT good contract venture again to the community.

It’s unclear what is going to occur subsequent with the NFT Azuki, however the flooring worth now sits at 15 ETH, so there’s hope for this in style venture.

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All funding/monetary opinions expressed by aren’t suggestions.

This text is instructional materials.

As at all times, make your individual analysis prior to creating any form of funding.

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