Solana’s Mad Lads NFTs Hit Record-Breaking All-Time High

• Mad Lads NFTs market cap reaches $67 million milestone.
• Backpack’s Dubai crypto exchange plan drives Mad Lads‘ value spike.

In the bustling landscape of non-fungible tokens (NFTs), the Solana-based Mad Lads NFT has surged to unprecedented heights, marking a significant milestone with its floor price reaching a new all-time high in the realm of Solana’s digital collectibles.

Over the span of 24 hours, the MLADS witnessed a staggering surge, exemplified by 122.598 SOL, reflecting a 29% escalation. The floor price echoes this momentum, solidifying at $6.67. The market cap stands out at $66,542,820, bolstered by 1,221,817 SOL trading hands in the same duration, representing a 28.5% hike.

Furthermore, the 24-hour volume impressively peaked at $1,364,119, showcasing an exponential surge of 1488.2% in 25,047 SOL.

MLADS Chart View, Source: CoinGecko

What’s Behind the Surge?

The meteoric rise in the value of Solana’s Mad Lads has been predominantly fueled by Backpack’s strategic initiative. It plans to establish a cryptocurrency exchange hub in Dubai. Can Sun, the former general counsel of FTX, spearheaded it. This endeavor has injected credibility and sparked considerable intrigue within the crypto community.

Moreover, the recent announcement of a PYTH airdrop for Mad Lads holders and early registrants to the Backpack Exchange has amplified interest. This strategic move is anticipated to further boost demand for Mad Lads NFTs.

Meanwhile, beyond the confines of Solana, Mad Lads and Backpack have captivated collectors’ attention across diverse ecosystems. The integration of EVM support within the backpack wallet and endorsements from prominent figures in the Ethereum and Bitcoin communities signal a widening investor interest.

Finally, dedicated advocates lead the charge for continued growth and recognition within the Mad Lads community. It showcases its fervor and unwavering support as a testament to the project’s current success.

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