Beeple’s NFT Stunt Fuels 25% Surge for Nakamigos — Troll or Market Play?
Beeple’s latest NFT spectacle has reignited fervor in the digital collectibles market, sparking a 138% surge in Nakamigos’ floor price. The event at Beeple Studios, initially a tribute to CryptoPunks, took a controversial turn with a fabricated narrative linking Nakamigos to Larva Labs’ early work. Flyers and a staged interview with CryptoPunks’ creators amplified the ruse, triggering frenzied trading.
Market reactions were swift, with Nakamigos’ trading volume spiking as speculation spread across NFT Twitter. The collection, known for its meme-driven community, now faces questions about whether the stunt was a clever market play or mere trolling. Either way, the episode underscores the NFT sector’s susceptibility to HYPE and narrative-driven volatility.
