Farming Rabby and Fluidity Airdrops, NFT sales | TS-001
Degen University is now Top Six - bringing you the top six stories in crypto every week on Monday
If you’re seeing this, it’s because you subscribed to my newsletter (degen university), which brought you long-form takes on the crypto, NFT, and web3 space. While the long form posts aren’t going away, I wanted to get you guys more insight into what’s happening in the crypto space through my lens more regularly, so we rebranded!
TOP SIX will bring you the top 6 stories in the crypto space every week on Monday. My focus is to cut through the noise that is crypto twitter, and surface the best opportunities and information you can act on - whether you’re brand new to crypto, took a break, or still in deep. Concretely, this means airdrop announcements, tutorials, explaining trends in the major coins (BTC/ETH), and more.
My focus will be to bring value to the readers here, so any partners I decide to work with will have to bring value to the readers here - be it discounts on products you’re interested in, or whitelists for NFT mints.
And as always, thank you for your attention - if you find value in this, please share it with a friend - let’s get into it.
TOP SIX STORIES IN CRYPTO
Rabby airdrop announcement + how to qualify
CryptoPunks and Fidenzas getting swept
GBTC outflows continue to bring market down
CryptoUndeads - a hyped Solana NFT launched with lots of excitement + FUD
Solana Phone 2 racks up 40K preorders
Fluidity airdrop announcement + how to qualify
1. Rabby airdrop announcement + how to qualify
Last week, Rabby wallet tweeted: “Get ready to smile for the camera” - which got everyone excited. A Snapshot of wallets is coming, which 99% of the time means there’s also an airdrop.
Given that the wording is “Get ready…”, many people (myself included) believe there is still time to qualify for the airdrop.
And lucky for you, I have a video on my YouTube and X that shows you some basic steps you can take to qualify - don’t forget to subscribe/follow.
If you want to get a head start, download Rabby and signup with DeBank, you’ll need both.
2. CryptoPunks and Fidenzas getting swept
NFT trading volume is heating up once again - while we are nowhere near the 2021 highs, we are seeing value accrue to the major collections, including CryptoPunks.
AS the tweet shows, a single wallet purchased 7 high value Punks for 842 ETH - which is over $2M USD.
This is just some of the activity on Punks Trading from the past week. The cheapest CryptoPunk you can purchase right now will cost you $152K USD.
We’ve also seen Fidenzas moving, 2 were purchased for $420K USD on January 19. Certain NFTs have shown resilience even after a brutally long bear market, and all things point to historic collections like Punks and Fidenzas (among others) to continue to accrue value.
3. GBTC outflows continue to bring market down
After the historic BTC ETF approval from the SEC earlier this month, price action on BTC been trending downward - the main culprit? Grayscale.
Why are they selling? Well because Grayscale offered clients exposure to BTC before there were ETFs - it was much easier to purchase GBTC and pay Greyscale a money management fee, than to try and buy your own Bitcoin on Coinbase (for older investors).
With the ETF approval, there is a lower cost option available to get BTC exposure, without Grayscale’s massive fees - so clients are selling GBTC - which means Grayscale needs to sell their BTC to meet investors orders. This has led to a Red January for BTC, it’s now down to almost 20% from ETF Approval high of $48.6K to $40.5K.
I’m expect this trend to continue as more GBTC gets sold - but we should see a market bottom, after which the inflows of new money via ETFs plus the supply shock of the Bitcoin halving in May 2024, should reverse this trend. I’ll keep you posted here.
4. CryptoUndeads - a hyped Solana NFT launched with lots of excitement + FUD
CryptoUndeads - a new 10K PFP project on Solana - minted out for 3 SOL (~$296 USD). The founder, Dollar, wanted to create a “solid” Solana PFP to bring back “energy and potential”.
The collection was fairly hyped, so it selling out immediately wasn’t a surprise. There was some FUD (fear, uncertaintly, doubt) after the art revealed - that it wasn’t well done, it was copied from others, etc - the usual. and the price action followed the FUD (price dipped down to 6-7 SOL after reveal, from around 12 SOL).
But in a turn of events, the community is strengthening, and people are starting to vibe with the art. We’ve seen a number of high sales for the 1/1s in the collection and the floor is back up to around 12 SOL. We’ll continue to track this one too,
5. Solana Phone 2 racks up 40K preorders
There’s a lot of lore here, but ill keep it short. Solana launched a phone in mid 2023, it didn’t see many sales, until memecoin BONK went to 1 billion marketcap - which caused a massive flurry of orders for the phone. Why? because phone holders could claim 30M Bonk - which was worth ~$600 - so you’d be getting a free phone.
That led to more projects announcing other airdrop for phone holders, which ultimately led to their phone selling out - after being called “the worst phone of 2023” by prominent tech Youtuber MKBHD.
Solana Mobile turned this momentum into a pre-order campaign for their second phone, which will release in 2025 if they hit their market of 100K orders. They’re currently sitting at 40K - you can pre-order here for $450 USD
6. Fluidity airdrop announcement + how to qualify
Last but not least, another airdrop. Preface this by saying, i’m filming and editing a video for how you can qualify for this is here on YT and X - subscribe and follow if you haven’t already.
In short: transact with their token (fUSDC), stake it for APY on their partner platforms, and earn loot bottles which get converted to FLUID tokens. This campaign runs for 1 month, and there are only 18 days left, so get to it!
You can get started here - that referral link gives you 5 free loot bottles to start and a step by step will be available on my YT and X later tonight.
That’s all for this week! Thank you for your attention - if there was value here, subscribe or share with a friend - see you next week!
- atareh