- Lens Protocol Profiles NFTs witness a steep 60% price decline within a week.
- Wu attributes the drop to the test invitation system launched by Lens.
- Some investors see the price dip as an opportunity to acquire discounted NFTs.
The floor price of Lens Protocol Profiles NFTs on OpenSea, the popular marketplace for non-fungible tokens (NFTs), has witnessed a significant drop, as revealed by prominent Chinese crypto reporter Colin Wu.
In a recent tweet, Wu shared that the value of these digital collectibles has plummeted by over 60% in the past week, currently resting at around $50 USDC. Notably, the floor price is the lowest price that an NFT in a collection is currently listed for sale.
According to OpenSea, the floor price of Lens Protocol Profiles NFT has fallen by more than 60% to about 50 USDC in the past 7 days, which may be due to the test invitation system officially released by Lens on July 13, and some hoarders sold because of concerns.…— Wu Blockchain (@WuBlockchain) July 15, 2023
According to the Chinese reporter, this unexpected decline in price may be attributed to the recent launch of Lens’ test invitation system on July 13. He also theo…
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The post OpenSea Lens Protocol Profiles NFTs Witness Steep Price Decline to $50 appeared first on Coin Edition.