Ethereum Classic

Porsche NFTs floor price surges 180%


Porsche NFT collection surged 180% to 2.465 Ethereum (ETH) — roughly $4000 — over the last 24 hours, according to Coingecko data.

The luxury car company faced the crypto community backlash for its NFTs’ high mint price and supply, forcing it to stop new NFT mints on Jan. 25.

Floor price surge

The collection’s floor price has more than doubled over the last 24 hours on secondary marketplaces like OpenSea. During the period, the NFTs traded at the peak of 3.33 ETH before dropping to its current level of 2.465 ETH, according to OpenSea data.

Additionally, the collection sales volume rose to 1686 ETH ($2.7 million), and its market cap jumped 247% to $9.4 million, according to Coingecko data.

Porsche entices holders with new revelations

Meanwhile, Porsche clarified its web3 ethos in a Jan. 25 Twitter thread.

The iconic carmaker said its NFT holders would enjoy certain benefits, which included inside access to Porsche’s team of designers, engineers, and events. Holders would also have a role in Porsche’s web3 future co-creation.

Additionally, the car company said it would make a physical copy of the best-designed virtual Porsche NFT after a community vote.

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