The Goblintown NFT collection saw a large surge in popularity in the past few days, even as broader crypto markets fell sharply.
The collection’s trading volumes rose 50% to over 4800 ETH in the past 24 hours, making it the most traded collection on OpenSea. In comparison, popular projects such as Bored Ape and Otherdeed saw their volumes slump by 36% and 80%, respectively.
Goblintown’s market capitalization jumped nearly 300% to $150 million. The collection’s floor price has also doubled overnight from 3.9ETH to 8.95 ETH, according to data from NFTpricefloor.
The collection has surged in popularity even as the crypto market logged a large decline in prices.
What is Goblintown?
The Goblintown collection consists of 9999 tokens, each featuring unique artwork of the eponymous goblins. Most of the communication around the project has been in barely-legible “goblinspeak,” and its creators have remained anonymous.
