Weekly Review: Meme frenzy triggered by CZ's dog, and Doodles' token $DOOD...
NFT Weekly News #84 11th February - 17th February
NFT News Weekly Update #84
(11/02/2025-17/02/2025)
GM
Welcome to NFT Weekly News by Threekeyslab๐๏ธ๐๏ธ๐๏ธ. Subscribe and follow to stay up-to-date with key market digests.
Top News ๐
๐ Meme | CZ's Dog Broccoli sparked a frenzy in the meme market (13 Feb)
On February 13, 2025, former Binance CEO CZ announced his dogโs name, โBroccoli,โ sparking a wave of related memecoins. Within minutes, tokens named โBROCCOLIโ appeared on BNB Chain and Solana, some briefly reaching billion-dollar market caps before crashing. One wallet spent under $1,000 to create a token, sold 110 million tokens in 20 minutes, and profited $6.5 million. This highlights the risks of the unregulated memecoin market, where insiders often exploit hype.
๐ NFT | Doodles introduced D 0.00%โ OOD (14 Feb)
Doodles introducing $DOOD, the official token of Doodles the creative revolution is here.
Market Update ๐ฃ
Last week, the primary NFT PFP projects that saw significant sales included Crypto Punks. The collection is famous for their charming characters and distinctive designs, which make them very popular in the NFT market.
In the realm of Art NFTs, Winds of Yawanawa, Fidenza, and Beeple Spring Summer Collection have made the list. Notably, Fidenza #78000989 has reached a selling price of 26.03 ETH.
Source: NFTPriceFloor
Other News ๐
๐ NFT | Opensea Announces $SEA (13 Feb)
Opensea Announces $SEA, meanwhile US Users are eligible. OpenSea has had higher market share of NFT volume than Blur for three days in-a-row. It's the first time this has happened since early 2023.
๐ BSC | BNB Chain surpasses Solana in daily fees (14 Feb)
๐ JUP | Jupiter to buyback JUP tokens with 50% of fees starting next week (14 Feb)
Jupiter Exchange will allocate 50% of its fees to repurchasing and locking JUP tokens for three years starting February 17, 2025. This aims to reduce supply and enhance stability, replacing token burns with locked buybacks. A dashboard will provide real-time transparency on the process.
๐ Meme | Pump.fun Doubles Down on Memecoin Craze by Starting Mobile App๏ผ15 Feb๏ผ
Memegoin launchpad Pump.fun has launched a mobile app for iOS and Android devices, enabling users to create and trade Solana-based memecoins on the go.
NFT Chain Volume ๐
Over the past week, NFT marketplace volume went up to $166.6 million from $105.5 million of two weeks ago.
Ethereum claimed the top spot with a 83.5% market share while with $139.1M chain volume. Polygon and Solana are ranked 2nd and 3rd, with 6.1% and 5.3% chain volume respectively.
The Weekly Top 3 NFT PFP projects by trading volume are Kaito Genesis, Pudgy Penguins, and Doodles, with 7-day trading volumes of 2.6K, 2.4K, and 1.8K ETH, respectively.
Credit to : @NFTpulse
Memecoin Market Cap and Volume ๐
Over the past week, the market cap for memecoins reached $69.86B on February 17, marking a 0.32% decrease from the previous week.
Meanwhile, daily trading volume dropped to $6.14B on February 10, reflecting a 35.81% decline compared to last week.
Credit to : @CoinMarketCap