Web3 Weekly Review: Polymarket Whale's $20M profits, 13 memecoins in Top 100, Trump's victory in 2024 US presidential election...
NFT Weekly News #72 4th November - 10th November
NFT News Weekly Update #72
(4/10/2024-10/11/2024)
GM
Welcome to NFT Weekly News by Threekeyslab🗝️🗝️🗝️. Subscribe and follow to stay up-to-date with key market digests.
Top News 🔝
📌 Crypto Prediction | Top Polymarket whale profits $20M from Trump victory (Nov 6)
Crypto whales, or large investors betting on Donald Trump’s victory, have made millions on the leading decentralized prediction market.
The biggest Trump-betting account on Polymarket, known as “Theo4,” earned more than $20.4 million in profit on his pro-Trump bets, according to data shared by Lookonchain on Nov. 6.
📌 Meme | 13 memecoins are in top 100 coins (Nov 10)
There are 13 memecoins in the top 100 of all crypto tokens as of Nov 10th.
The cutoff is right around $800M to make it above the line. Top memes includes: DOGE, SHIB, PEPE, WIF, BONK, FLOKI, POPCAT, NEIRO, BRETT, MEW, GOAT, MOG and NOT. DOGE hits 3 year highs, breaks $40bn on the 8th of Nov.
📌 US politics | Trump Wins 2024 U.S. Presidential Election (Nov 7)
Donald Trump holds 312 electoral college votes, winning Georgia and Nebraska's first district. Kamala Harris holds 226 electoral college votes, winning New Hampshire.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included BAYC, Crypto Punks, and Pudgy Penguins. These collections are famous for their charming characters and distinctive designs, which make them very popular in NFT market.
Winds of Yawanawa, Fidenza and Chromie Squiggles stood out as the main NFT Art projects sold last week. Winds of Yawanawa has experienced in the past week an increase in trading volume, reclaiming public attention through its distinct aesthetic senses and creative ingenuity.
Credit to: @Deepnftvalue
Other News 👀
NFT | OpenSea teases leaderboard & rewards program (Nov 5)
A new OpenSea is coming in December 2024.
Crypto Prediction | Polymarket said to tease token launch, stating 'we predict future drops'(Nov 9)
Polymarket is said to be teasing users with an airdrop, though the platform hasn’t confirmed token launch plans yet.
The platform previously considered launching its own token but had no guarantees as of September.
NFT Chain Volume 💎
Over the past week, NFT marketplace volume went to $102.9 million. Ethereum claimed the top spot with a 50.9% market share while with $52.35M chain volume, surpassing both Solana and Base.
Credit to : @NFTpulse
Memecoin Market Cap and Volume 🔑
Last week, the daily market cap for memecoins fluctuated between $55.22 billion and $73.69 billion, settling at $73.69 billion on November 10th.
Weekly trading volume reached $77.66 billion, marking a 63.01% increase from the previous week.
The top 3 weekly gainers on CoinmarketCap are $ACT, $PNUT, and $MemesAI.
Credit to : @CoinMarketCap