Mad Lads NFTs Jump to 6th Place Amid TRUMP Memecoin Frenzy

The Mad Lads NFT collection on the Solana blockchain has surged to sixth place among the most valuable NFTs by market cap. This rise coincides with Solana's meteoric price increase to $287, fueled by excitement around the launch of the TRUMP memecoin by President-elect Donald Trump.

Mad Lads’ Performance Highlights

Market Cap: $188.1 million
Floor Price: $18,905 (up 5.15% in 24 hours)
Trading Volume: $473,788 (24 sales in 24 hours)
Launch Date: April 19, 2023
Creators: Armani Ferrante and Tristan Yver of Backpack Exchange
Theme: A mix of anime-style art and Peaky Blinders-inspired aesthetics

Solana NFT Market Growth

The broader Solana NFT market is also experiencing a rally:

Total Market Cap: $714 million (up 15% in 24 hours)
Trading Volume: $3.39 million

Other Notable Solana-Based NFT Collections

Claynosaurz:
- Floor Price: $4,882 (up 13.8%)
- Market Cap: $48.8 million
Solana Monkey Business:
- Floor Price: $7,956 (up 7.1%)
- Market Cap: $39.7 million

DEX Tokens on the Rise

Jupiter (JUP): $1.13 (up 33%)
Raydium (RAY): $7.07 (up 10%)

TRUMP Memecoin’s Impact on Solana

The TRUMP memecoin, launched on Jan. 17 by CIC Digital LLC (affiliated with the Trump Organization), has revitalized interest in the Solana ecosystem. The buzz around this token has significantly contributed to Solana’s all-time high price and boosted trading activity in its DeFi and NFT markets.

Trump’s Digital Trading Cards Surge on Polygon

The TRUMP memecoin frenzy has also reignited interest in Trump’s Digital Trading Cards on Polygon:

First Collection:
- Floor Price: $936.91 (up 12%)
- Market Cap: $93.5 million
- 24-Hour Trading Volume: $2.44 million
Second Collection:
- Floor Price: $213 (up 10%)
- Market Cap: $22.6 million
- 24-Hour Trading Volume: $940,000

Conclusion

The combined effect of Solana's technological appeal, TRUMP memecoin hype, and the broader market's bullish sentiment has propelled Mad Lads and other Solana-based NFTs to new heights. As Solana's ecosystem continues to attract attention from retail and institutional investors, its dominance in the crypto and NFT spaces seems poised to grow further.