MadLads NFTs Rise 400% In Daily Sales After FTX EU Acquisition

MadLads NFTs Rise +400% In Daily Sales After FTX EU Acquisition

Updated: 09 January 2025

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MadLads, a non-fungible token collection from the blockchain company BackPack, is on the run for the second day, emerging as the second most-selling non-fungible token collection in the global NFT market. MadLads NFT collection started skyrocketing earlier this week after its creator, BackPack, acquired the European arm of FTX to offer regulated crypto derivatives across the European region.

MadLads Jumps +400% In Daily NFT Sales Volume

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collections explorer, shows that MadLads NFT collection has significantly increased in trading sales volume. In the past 24 hours, the MadLads NFT Collection has raised a trading sales volume of $1.8 million. During this time, the MadLads NFT trading sales volume has soared by 444% from the previous day.

Launched on April 20, 2023, MadLads is a renowned non-fungible token collection created by Coral. It features a limited edition of 10,000 digital items hosted on the Solana blockchain network. Coral is a Solana framework development company best known as Backpack. It built one of the most popular Solana tool kits for developers, Anchor, and Backpack, the popular Solana wallet and exchange.

MadLads is currently trading closely behind the globally acknowledged non-fungible token collection Pudgy Penguins, which is the most-traded NFT collection in the global NFT market. Launched in August 2021, the Pudgy Penguins is an NFT collection from the digital asset firm Igloo, featuring a limited edition of 8888 NFTs hosted on the Ethereum blockchain network. In the past 24 hours, the Pudgy Penguins has amassed a trading sales volume of $1.9 million, up +137% from the past day.

Backpack Has Bought FTX EU

On January 07, 2025, the MadLads NFT creator Backpack confirmed that they had acquired the European arm of FTX. Under the new acquisition, the Backpack’s FTX EU arm will offer a full suite of crypto derivatives throughout the European Union region, including perpetual futures. FTX was a leading crypto exchange that went bankrupt in November 2022 amid allegations that its owners had embezzled and misused customer funds.

BackPack announces it is buying the European arm of FTX, with plans to offer regulated crypto derivs across Europe.

MadLads on the move, up 20% +in the past 24 hours. pic.twitter.com/1aL5Ftnfyf

— Stats (@punk9059) January 7, 2025