Greetings Chiefs!
In the last article, I said that there are some great opportunities coming for all of us in the space, and the biggest one of them all is coming on the second day of the week. Trippin Ape Tribe which has broken all the records and has succeeded all the benchmarks there are for any project which is yet to be launched is going for mint on the 24th of May.
Even though the market was not in a very good position for some weeks, we can now see much more stable price action in the price of Bitcoin and Solana. However, one thing which is not stable is the floor of some of the strong projects which were showing strength for quite some time and now have started to decline a little bit, one of the reasons for which is that the community is preparing for the most hyped mint of this month.
While all these inconsistent things were going on, one thing was very consistent in the Solana NFT Space and that was the craze for Trippin Ape Tribe. The hype has almost doubled after they announced their launch date. The sentiment is so strong that even though Sol is sitting at $50 as of now the OTC sales of Trippin Ape Tribe whitelists are not slowing down.
I wrote an article weeks back on them and the numbers have changed considerably from then. Let’s take a look at their growth.
The day I wrote the first article about Trippin Ape Trible (9th of May) Twitter was standing at a follower count of 135,000. Today that number is 387,000 which is almost a 185% increase in a span of 2 weeks with almost every other big account in the space doing a giveaway for their WL Spots. One more interesting fact about their Twitter is that Trippin Ape Tribe has more followers on Twitter than Yuga Labs which is quite understandable now since we see derivatives of Solana Projects getting listed on Open Sea.
The Discord has also shown a similar growth with them having around one-third of a million members in the server with over 1240 accounts boosting their server and the chat running wild 24 hours and 7 days a week. Apart from their chat, the response in their fan-art and memes sections is overwhelming as well with everyone trying to play their best shot to get their hands on that WL Spot.
Some more things have changed since my last article and one of them is that the project has launched its website and all I can say is it was worth the wait.
On the website, we can also find a journal section which shows that there will be no roadmap however there will be innovative lore-based utility supported by a distinct storyline.
The details of the team have also been announced and there are some interesting facts about that which also tell about their plans.
Firstly, one of the co-founders of the project DANNY DEVITOKEN is supposedly a DJ and an owner of an electronic music festival which also adds to the fact that the team has done multiple real-life events before the launch.
They also have a marketing lead (Fenrus) and developers (top10brisketrecipes) with prior experience in tokenomics.
One more great thing that happened is that the project has decided to launch with the biggest marketplace there is for the Solana NFTs (Magic Eden) and the team will also be doxxed by Magic Eden.
This was everything about the project which has been disclosed as of yet.
Apart from all this, there was an announcement from the project that they are going to increase the supply to 10,000 to accommodate more members to their whitelists. This was a really strong move closer to the mint date and could have led to people believing that the project is doing it to earn more money. However, with this news, they also announced that the mint cost will be discounted for everyone and will be made equivalent to the same amount in USD that the team has planned originally.
To conclude, I would say that I am quite bullish on the project. They are the most talked about and the most popular project launching on Solana ever. Their strength can be seen in the fact that even though $SOL has dropped 50% since their first tweet the hype did not die. In fact, it multiplied every week and everyone is excited about the mint.
One more thing that has been a cherry on the cake is that they have decided to launch with Magic Eden which helped them gain more trust in the eyes of the community members. Apart from this, as I said that the market is also quite stable in the past few days and there is a chance we can see a relief rally, a strong and hyped mint in these times is all what everyone is waiting for.
One thing I would not recommend is buying whitelists at an insanely high price because that will put you on the risk side, if you don’t have a WL you can wait for the secondary action as that will give you a clear understanding of the demand that the project is getting and then you can make a much-informed decision.
As always DYOR.
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