Daily trading volume on NFT platform NBA Top Shot rose from $829,520 to $4.5 million overnight following the release of the new collection on October 14, according to CryptoSlam. The increase was more than 460%.
The Run it Back 05-06 collection celebrates the best moments of the 2005-06 season. The champion club then was the Miami Heat, with Dwayne Wade and Shaquille O'Neal playing for them.
The collectibles sell for $169 apiece and additionally contain four "archival set" moments from historic NBA events.
On October 17, the NBA Top Shot team reported on Twitter that Run it Back 05-06 was selling out at a rate of seven pieces per minute, with total sales approaching 10,000 units.
purchases a minute. For the last 24 hours. Over the past day, we’ve seen 9,921 purchases of Run It Back 2005-06 Moment Collectibles alone. Find RIB Moments https://hoo.ps/run-it-back-0506-moments
The maximum daily trading volume on the platform was recorded on 22 February, when the figure exceeded $45.7m.
Recall that in March, NBA Top Shot developer Dapper Labs raised $305 million in a round involving NBA legend Michael Jordan and Brooklyn Nets star Kevin Durant.
See our full guide to trading NFT App, or start your research with reviews of these regulated crypto brokers and exchanges available. How to buy cryptocurrencies? Our step guide.
