Mad Lads Teams Up With NFT Lending Firm Sharky To Launch A Memecoin ‘$SHARK’

Updated: 11 April 2024

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The memecoin market continues to gain massive traction among crypto and non-fungible token collectors, forcing many non-fungible token projects to launch memecoin projects just to remain relevant amid the recent short NFT bear market. Mad Lads, one of the leading non-fungible token collections in the Solana ecosystem, is the latest NFT project to join the memecoin obsession.

In an April 11 blog post, Mad Lads confirmed partnering with Sharky to launch a memecoin $SHARK. The new memecoin will disbursed to crypto and NFT investors holding Mad Lads NFT collections, who would have reserved their allocation before April 14, 2024.

Fock it. We’re not just cool, we’re on a whole new level of awesome! 🦈 ❤️ 🎒

Big news for all @MadLads holders: you’re getting a special $SHARK airdrop! 🪂🚀

Reserve your allocation now at https://t.co/SluRxSItLH

Don’t miss out – deadline is Saturday, April 14th, at 00:00… pic.twitter.com/EzGQyMpQnh

— Sharky 🦈 NFT-backed loans (@SharkyFi) April 11, 2024

Mad Lads X Sharky Integration

Launched in April 2023, Mad Lads is a non-fungible token collection from the famous Solana framework development company Coral, which Armani Ferrante and Tristan Yver lead. The Mad Lads NFT project was exclusively dropped through Backpack, an all-in-one wallet app created by Coral.

Mad Lads, an NFT collection featuring a limited edition of 10,000 executable NFTs (xNFTs), also referred to as the next generation of NFTs hosted on the Solana blockchain network, has rapidly grown to become the leading NFT project in the Solana NFT ecosystem.

On the other hand, Sharky is reportedly the first escrow-less NFT lending protocol in crypto’s short history. The lending protocol allows all Solana NFT holders to borrow Solana ‘SOL’ liquidity using their NFTs as collateral. Sharky has also rapidly grown to become one of the top NFT lending protocols, competing with other lending protocols like Blend.

Mad Lads And Sharky Join To Launch A Memecoin

Mad Lads and Sharky have joined forces to launch a new memecoin, $ SHARK, which will make them relevant amid the recent memecoin frenzy. The new memecoin will be airdropped to all Mad Lads NFT holders who secure their allocation before Saturday, April 14.

In the meantime, the Mad Lads NFT floor price has slightly reacted to the memecoin launching. In the past few hours, Mad Lads’ floor price has surged 7.8%, jumping from around 129 SOL to 134 SOL. Mad Lads floor price shows bullish signs of soaring even higher as the new token gains traction among more traders.