Tyler Hobbs' Fidenza NFT Project Gets $1M Pump Over 48 hours
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Fidenza, a generative Ethereum non-fungible token (NFT) project from artist Tyler Hobbs, has seen a sudden rise in popularity over the past few days, with one wallet snapping up eight Fidenzas for close to $1 million. A series of back-to-back purchases were flagged by Fidenza Bot, an automated Twitter bot that scans OpenSea.
All of the NFTs were purchased by the same wallet – 808450 – and for much higher than their previous sales, seemingly out of the blue. For example, Fidenza #459 last sold for 0.29 ETH, or about $687, on June 11, 2021. Fidenza #726 last sold on June 14, 2021, for 1.2 wrapped ether (WETH) (approximately $3,098) and Fidenza #18 sold on July 15, 2021, for 8.5 ETH (approximately $16,294). The transactions bumped the project's market cap to 90,609.30 ETH (about $121 million) and helped raise its floor price to 94 ETH (approximately $116,154).
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