{"id":552670,"date":"2024-07-17T14:06:32","date_gmt":"2024-07-17T14:06:32","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=552670"},"modified":"2024-07-17T14:06:32","modified_gmt":"2024-07-17T14:06:32","slug":"polygons-new-liberty-cats-tops-in-daily-sales-stirs-up-suspicions-among-traders","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/polygons-new-liberty-cats-tops-in-daily-sales-stirs-up-suspicions-among-traders","title":{"rendered":"Polygon\u2019s  New Liberty Cats Tops In Daily Sales \u2013 Stirs Up Suspicions Among Traders"},"content":{"rendered":"<p>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.<\/p>\n<h2>Liberty Cats Tops In Daily &ndash; Stirs Up Suspicions<\/h2>\n<p>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 <a href=\"https:\/\/dappradar.com\/rankings\/nft\/collections\">DappRadar<\/a>, 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.<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-552681\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Liberty-Cats-300x138.png\" alt=\"Liberty Cats\" width=\"841\" height=\"387\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Liberty-Cats-300x138.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Liberty-Cats-768x354.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Liberty-Cats.png 870w\" sizes=\"(max-width: 841px) 100vw, 841px\"><\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<h2>Why Is Liberty Cats NFT Collection Doubted?<\/h2>\n<p>In a July 17 blog post, wale.moca, a renowned non-fungible token influencer, a researcher at Azuki and an Advisor in Animoca Brands&rsquo; Moca Network, has shared his doubts about the new Polygon&rsquo;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.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This NFT collection you've never even heard of is currently doing more trading volume than all ETH and SOL projects.<\/p>\n<p>They have almost no prominent holders, most of the people interacting with the project on socials look like bots.<\/p>\n<p>Even the project account shows me zero mutuals&hellip; <a href=\"https:\/\/t.co\/mcy5newLPA\">pic.twitter.com\/mcy5newLPA<\/a><\/p>\n<p>&mdash; wale.moca &#128051; (@waleswoosh) <a href=\"https:\/\/twitter.com\/waleswoosh\/status\/1813514055102926933?ref_src=twsrc%5Etfw\">July 17, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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&rsquo;s worth noting that wale is one of the most followed NFT influencers, with nearly 100K followers on X.<\/p>\n<p>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&rsquo;s new NFT collection, Liberty Cats, has yet to be verified to determine whether it&rsquo;s legitimate or a form of wash trading.<\/p>\n<h3>Related NFT News:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/bored-ape-nft-daos-apechain-testnet-curtis-sets-to-launch-this-week\">Bored Ape NFT DAO&rsquo;s ApeChain Testnet Curtis Sets To Launch Today<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/eden-games-joins-mocaverse-nft-creator-to-launch-a-kart-racing-game\">Eden Games Joins Mocaverse NFT Creator To Launch A Kart Racing Game<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/nft-sales-pump-10-this-week-as-investors-buying-nfts-dip-65-cryptoslam\">NFT Sales Pump 10% This Week, As Investors Buying NFTs Dip 65% &ndash; CryptoSlam<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div 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Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1882,"featured_media":552685,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Polygon\u2019s New Liberty Cats Tops In Daily Sales \u2013 Stirs Up Suspicions Among Traders<\/title>\n<meta name=\"description\" content=\"Polygon-based NFT collection, Liberty Cats, has surged in trading sales volume, becoming the top-selling NFT collection in the past 24 hours.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/552670\" \/>\n<meta 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Dominic holds a Bachelor's degree in Journalism, Media and Mass Communication Studies and has been blogging and producing educational materials for retail investors in the financial markets since graduating. Dominic also produces his own NFT and crypto newsletter, taking the initiative to set up his own mailing list with free articles which he uses for reverse outreach to leading media publications. Find and subscribe to that on Substack.","sameAs":["https:\/\/www.linkedin.com\/in\/dominic-kimani-633ba31b2?lipi=urnlipaged_flagship3_profile_view_base_contact_detailsZjwLB50NTrGSuvuR6WrgPw","https:\/\/twitter.com\/domkim2030"],"gender":"male","knowsAbout":["Cryptocurrency","Trading","Investing"],"jobTitle":"Editor","url":"https:\/\/insidebitcoins.com\/news\/author\/dominic"}]}},"modified_by":"Dominic Kimani","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/552670"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1882"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=552670"}],"version-history":[{"count":2,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/552670\/revisions"}],"predecessor-version":[{"id":552689,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/552670\/revisions\/552689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/552685"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=552670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=552670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=552670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}