Azuki NFT investors check their ikigai as allegations of rug pull…

ambcrypto.com:

On 9 May, the prices of one of the most popular NFT collections, Azuki further plummeted following a blog postby Zagabond, the fictitious founder of the project. Not to forget that the average price of Azuki was already on a downtrend post 4 May.

In the post, Zagabond disclosed his involvement with previous NFTs projects like CryptoPhunks, CryptoZunks, and Tendies all of which he said to have abandoned. 

About 24 hours following the blog post, the average price for the Azuki NFTs declined by 26%. Furthermore, the floor price decreased from 16.2 ETH (US$38,484) to 8.3 (US$19,717) ETH on Tuesday (10 May) with a 1,329% spike recorded in trading volume within that time frame. 

However,  the project appeared to be undergoing a recovery with over $45 million worth of Azukis traded in the last 24 hours. What else did we observe?

Data from Cryptoslam revealed that in the last 24 hours, a total of $47,157,882 worth of Azuki NFTs were sold. This represented 82% uptick in sales bringing the total value of sales of the NFTs project to $726,528,763 since its launch. 

Source: Cryptoslam

With this spike in sales volume recorded in the last 24 hours, at the time of press, the Azuki project sat atop the list of ‘NFT Collection Rankings by Sales Volume’ within the last 24 hours. 

Source: Cryptoslam

To better appreciate the performance of this project, in the last 24 hours, the total sales volume recorded for the sale of NFTs across all marketplaces stood at $149,502,986. This means that the sales recorded by Azuki represented 31% of the total number of sales recorded.

In addition to the spike in sales volume, the project recorded a total of 1,706 sales transactions. This represented a 145.10% spike in the index for sales transactions for the