Nfts
MOCA Token Hits $800M Valuation as Mocaverse NFTs Crash
The floor price of Mocaverse NFTs dropped 47% on July 9.
MOCA, a token that aims to reward Mocaverse holders NFTstarted with a market cap of $72 million and has since grown 41% to $102 million, according to CoinGecko.
MOCA last changed hands for $0.088 and has a fully diluted valuation of $800 million.
MOCA Awards
Mocaverse NFT holders are eligible for a MOCA airdrop allocation if they have a MOCA ID with at least 1,500 Realm Points (earned through various activities within the ecosystem) or hold at least 1 MOCA or Lucky Neko NFT. Of the total MOCA supply, 10% has been allocated to rewards holders.
To be eligible, users had to register on the website by July 9, which coincides with a price drop in the floor of Mocaverse NFTs.
According to NFT Floor PriceThe collection’s floor price dropped 47% from $10,853 to $5,770 on July 9. Measured in ETH, the asset fell from 3.55 ETH to 2.20 ETH. Users initially paid $100 per token to create Mocaverse.
The airdrop conditions could boost MOCA’s price performance, with eligible wallets eligible for a potential 40% bonus allocation if they wait until October 11 to claim their tokens. The deadline to claim the first airdrop is August 11.
But while Mocaverse is the worst performing NFT collection in the top 100 over the past week and 30 days, it still ranks 21st among NFT collections by market cap at $51 million.