On July 9, the floor price of Mocaverse NFTs plummeted by 47%. This significant drop saw the price fall to $5,770 from $10,853, according to NFT Price Floor. When measured in ETH, the value decreased to 2.20 ETH from 3.55 ETH. Initially, users paid $100 per token to mint Mocaverse NFTs.
MOCA Token Market Performance
Despite the drop in Mocaverse NFT prices, MOCA tokens have shown a strong market performance. Debuting at a $72 million market cap, MOCA has since rallied 41% to reach a $102 million market cap, as per CoinmarketCap The token last traded at $0.088 and has a fully diluted valuation of $800 million.
Airdrop Eligibility and Impact
Holders of Mocaverse NFTs can receive a MOCA airdrop allocation if they meet certain criteria. They need a MOCA ID with at least 1,500 Realm Points, which are earned through various ecosystem activities, or they must hold at least one MOCA or Lucky Neko NFT. About 10% of the total MOCA supply is reserved to reward holders. Users had to register on the website by July 9 to be eligible, coinciding with the drop in Mocaverse NFT prices.
Potential Boost from Airdrop Terms
The terms of the airdrop might be supporting MOCA’s price performance. Eligible wallets can qualify for a potential 40% bonus allocation if they wait until October 11 to claim their tokens. The deadline for claiming the first airdrop is August 11.
Market Position Despite Performance
Even though Mocaverse NFTs have been the worst-performing top 100 NFT collection over the past week and 30 days, it still ranks 21st by market cap at $51 million. This suggests a significant level of market interest and potential for recovery.
