CryptoDickbutts Ethereum NFTs Surge 770% in Daily Sales Volume
On high demand on Sunday, CryptoDickbutts soared, overtaking a few other prominent NFT collections.
CryptoDickbutts has risen to the No. 1 position for the day, surpassing renowned projects like Goblintown, Cool Cats, and Art Blocks. The daily trade volume for the Ethereum-based NFTs on OpenSea is up 770% at the time of writing to 913 ETH (approximately $1,643,400), and in the last week, the volume has increased by 378%.
The Dickbutts became an iconic part of internet culture after being created by comic book artist K.C. Green in 2006 and being circulated for years in many memes on social media sites like Reddit. The OG collection, a collection of 161 NFTs on Ethereum, debuted in March 2021. A Series 3 of 5,200 NFTs followed in August of the same year.
At the time of writing, the cheapest CryptoDickbutt from Series 3 is selling for 3.88 ETH, or slightly over $7,000, a gain of 23% over the previous day. The Dickbutts floor pricing has never been higher than it is now.
According to NFT Price Floor, it is still just the 34th NFT project in terms of floor price. But the continuous demand for the NFTs, which is also fueled by meme culture, is reflected in the Cryptodickbutts’ constant growth. Some NFT initiatives lose interest as fast as they gain it, however, CryptoDickbutts has shown to be durable in that regard.
The actual cause of today's price surge is unknown, but Meltem Demirors, the chief strategy officer of CoinShares and a well-known Bitcoiner with a following of 25,000, may have been the trigger. Demirors held an "emergency" Twitter space on Sunday to promote “the prophecy and the epic bang."
In the Twitter Spaces, Demirors declared, "The Dickbutt community has always been about one thing and one thing only, and that is the universal truth of one D equals one B... I also think that commenting on prices defeats from the overall objective here. Dickbutts are not about investing. Dickbutts are a culture."