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CryptoDickbutts NFTs Daily Sales Volume Skyrockets By 790%

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CryptoDickbutts, an Ethereum-based NFT collection, surpassed a handful of other notable NFT collections in daily trading volume on Sunday. At the time of writing, the daily trading volume had increased by 790 percent to 907 ETH.

Dickbutts ranked first in daily trading volume, surpassing projects such as Goblintown, Art Blocks, and Cool Cats. Furthermore, the volume has risen 389 percent in the last week.

On OpenSea, the floor price of CryptoDickbutt from Series 3 is currently approaching 3.97 ETH. This is the highest Dickbutts floor price to date, and it has increased by approximately 210 percent in the last month.

However, according to NFT Price Floor, it is still ranked 24th in terms of floor price. The steady rise of CryptoDickbutts demonstrates the NFT community’s enthusiasm and an increase in demand for it. While most NFT projects lose popularity once they become popular, CryptoDickbutts NFTs have maintained a consistent level of interest in the space.

K.C. Green, a comic book artist, created the Dickbutts in 2006, and it has since become a recognisable part of meme culture. For years, it has appeared in countless memes on social media platforms such as Reddit.

The OG collection, which began with 161 NFTs on Ethereum and was later renamed, was launched in March of 2021. It was followed in August by a Series 3 of 5,200 NFTs. The project currently has no set roadmap and is governed by the CryptoDickbutt DAO, which includes notable names such as Steve Aoki, Blondish, and ProbCause.

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It’s unclear who is behind the sudden price increase, but it points to Meltem Demirors, CoinShares’ Chief Strategy Officer, who hosted an “emergency” Twitter Spaces on Sunday. In one of his recent Twitter Spaces, he stated, “The Dickbutt community has always been about one thing and that is the universal truth of one D equals one B.” 

He even continued by saying that Dickbutts are a culture rather than an investment strategy. Although it provides many explanations for its enormous daily trading volume, the NFT market is unpredictable, so it is obvious that we should sate our curiosity.