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Meebits Trading Volume Surges 150% This Week

Posted by
Robert Hoogendoorn

One whale bought multiple $100,000+ Meebits from the open market

After weeks of dropping activity, investors and NFT collectors have once again put their focus on Meebits pumping volume. The voxel-based 3D avatar NFTs have seen their trading volume increase more than 150% over the past 7 days.

During the past 7 days, 324 Meebit NFTs have been sold. That’s an increase of 51% week-over-week. These NFTs were responsible for $2,67 million in volume.
In the past week several Meebits have sold for more than $100,000 each. Among them is a robot Meebit, which is considered among the rarest in the collection. One user wallet acquired a bunch of Meebits, expanding their collection to 69 Meebits

Despite the increase in volume, Meebits are still behind Bored Ape Yacht Club. The two NFT collections launched around the same time. There has even been a bit of a social media rivalry between the two.   

Rough start for Meebits

Meebits launched earlier this year as the third NFT collection from Larva Labs, the company that already had success with CryptoPunks and Autoglyphs. The idea is that these 3D characters become actual avatars inside virtual worlds. Every punk and glyph NFT owner received a free Meebit, while others needed to pay 2.5 ETH.

However, after the initial launch, projects like Bored Ape Yacht Club stole their thunder with a fair launch. Here users only needed to pay 0.08 ETH per Bored Ape NFT, attracting users with more modest wallets. 

Sure, Meebits has had a couple of high-profile sales. But the NFT collection quickly disappeared from the spotlight. 

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