Polygon’s New Liberty Cats Tops In Daily Sales – Stirs Up Suspicions Among Traders

Updated: 17 July 2024

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Non-fungible token collections created on Polygon, an Ethereum scaling solution network, have been quietly pumping for months now, with many new non-fungible token collections dethroning dominant Ethereum and Solana like Bored Ape Yacht Club and Mad Lads in daily trading sales volume.

Liberty Cats Tops In Daily – Stirs Up Suspicions

In another turn of events, another new Polygon-based NFT collection, Liberty Cats, has surged in trading sales volume, becoming the top-selling NFT collection in the past 24 hours. Data fetched by DappRadar, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer, shows that Liberty Cats is topping the NFT market chart, amassing a sales volume of $884,042 in the past 24 hours.

Launched sometime earlier this past week, Liberty Cats is a non-fungible token collection featuring a limited supply of 10,000 NFTs hosted on Polygon, an Ethereum scaling network. In this digital world, each Liberty Cat NFT collection symbolizes a group of people who pursue freedom and independence, just as cats explore their domains freely.

Surprisingly, this new NFT collection, which has never even been heard of in either presale or whitelist, is currently doing more trading volume than all ETH and SOL projects. The sudden spike in daily sales has stirred up suspicions among traders and influencers on X.

Why Is Liberty Cats NFT Collection Doubted?

In a July 17 blog post, wale.moca, a renowned non-fungible token influencer, a researcher at Azuki and an Advisor in Animoca Brands’ Moca Network, has shared his doubts about the new Polygon’s NFT collection, Liberty Cats. According to wale.moca, the NFT project has very few prominent holders, with most of the people interacting with the project on social media looking like bots.

This NFT collection you've never even heard of is currently doing more trading volume than all ETH and SOL projects.

They have almost no prominent holders, most of the people interacting with the project on socials look like bots.

Even the project account shows me zero mutuals… pic.twitter.com/mcy5newLPA

— wale.moca 🐳 (@waleswoosh) July 17, 2024

Furthermore, wale.moca noted that even the project account shows him zero mutual followers on X. In most cases, even completely irrelevant crypto projects have at least a handful of mutual followers. It’s worth noting that wale is one of the most followed NFT influencers, with nearly 100K followers on X.

Before summarizing, wale.moca has clarified that he has no jurisdiction to judge the NFT project too soon, assuming that there may be a new NFT bubble building that is just entirely out of his reach. At the time of writing, Polygon’s new NFT collection, Liberty Cats, has yet to be verified to determine whether it’s legitimate or a form of wash trading.