Will Smith Inu coin surges 500%; slap NFTs sell for $47,000
Updated
The hottest topic in crypto right now is not bitcoin’s (BTC) resurgence to new highs. It’s a coin inspired by Will Smith slapping Chris Rock at Sunday’s Oscars.
The Will Smith Inu is up 500% in the last 24 hours, according to CoinMarketCap at the time of writing, and had a trading volume of $567m. Meantime, bitcoin is up 2% in the same period as it rebounds from lows touched in late February.
Smith’s act was also turned into a collection of non-fungible tokens (NFTs). OpenSea, the biggest NFT tokens marketplace, currently features more than 2,000 NFTs of the slap moment selling from 0.0019 ETH ($6.50) to 69 ETH ($236,490.60). The collection’s total trading value was 13.7 ETH ($47,079).
Some market watchers interpreted the virality of frivolous coins as a sign of better times in the cryptocurrency market. “The Will Smith slap marked the end of the crypto bear market,” the founder of Bankless, Ryan Sean Adams, noted on Twitter. “Slapped the bears back into hibernation.”
What is your sentiment on ETH/USD?
the will smith slap marked the end of the crypto bear market.
— RYAN SΞAN ADAMS - rsa.eth ???????? (@RyanSAdams) 28 March 2022
no it doesn't have to make sense.
Chart of the day: Total market cap is up $300bn some week on week
The total cryptocurrency market capitalisation is now some $300bn up week-on-week. – Photo: TradingView.Other crypto news:
- Inflows into digital asset funds hit a four-month high, according to CoinShares’ weekly report. The funds’ assets under management grew some $198m in the week ending 25 March 2022.
Top cryptocurrency coins by market capitalisation
- Bitcoin (BTC) added 1% to $47,660
- Ethereum (ETH) grew 2.7% to $3,436
- Binance Coin (BNB) was trading at $438 – up from 0.7%.
Winners and losers
- Waves (WAVES) added a staggering 64.3% in a day.
- ApeCoin (APE) is down 6.8% over the last day of trading.
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