Azuki fell by about 44% in the past 7 days to explore the reasons behind it from the perspective of data

The floor price of Azuki has dropped by about 44% in the last 7 days and is currently 9.4ETH. Let’s explore the reasons behind it from a data point of view.

Under normal circumstances, Minting should be the period with the best liquidity in the project cycle, and the time when the number of traders and pending orders is the largest. In the past 24 hours, the number of transactions reached a peak of 1.8k in a year.

A possible explanation for this is that users are actively seeking out bidding and lending opportunities on Blur. Looking at the Sales chart, we can see that many whales were active during the price drop.

Before the snapshot, Azuki’s loan count was down to 249, though it has now doubled to 556. In addition, many giant whales also took this opportunity to actively participate in Blur’s airdrop ranking.

Of the 500 most recent loans on blur_io, Azuki and BEANZofficial accounted for nearly half of them, 130 and 119, respectively.

Another reason is that holders seek liquidity after receiving airdrops. Also due to time constraints and lack of Elementals art style, some holders don’t have Mint.

After that, we will continue to analyze these giant whale addresses in depth through NFTGo, and dig out more valuable information. Please continue to pay attention!