Liberty Cats' Floor Price Surges 12% to $21,888, Top 3 NFT Ranking

On April 18, the floor price of the NFT project Liberty Cats briefly surpassed $25,000, according to data from Magic Eden. As of the latest update, the floor price has settled at $21,888, with the project's total market capitalization reaching $240 million. This surge in value has propelled Liberty Cats into the top three rankings of the overall NFT market.

The project team initiated a phased burn of 2,100 locked NFTs starting from April 16. To date, 418 NFTs have been burned, including 18 rare and ultra-rare NFTs. Based on the current floor price, the total value of the burned NFTs amounts to $9.2 million.

Liberty Cats was established on April 18, 2024. The project has already released the first phase of an AR game, with plans to launch sub-NFTs and physical collectibles in the near future. The official app is currently undergoing internal testing. To celebrate its first anniversary, Liberty Cats will host an event on the evening of April 18 on the official Discord server.

The recent surge in Liberty Cats' floor price and market capitalization can be attributed to several factors. The phased burn of NFTs has reduced the overall supply, creating scarcity and driving up the value of the remaining NFTs. Additionally, the project's ongoing developments, such as the AR game and upcoming physical collectibles, have generated significant interest and excitement among investors and collectors.

The event on April 18 is expected to further boost the project's visibility and attract more participants to the Liberty Cats community. The celebration will likely include announcements about future developments and partnerships, which could provide additional catalysts for the project's growth.

Overall, the temporary surge in Liberty Cats' floor price and its entry into the top three of the NFT rankings highlight the project's strong momentum and potential for further growth. As the project continues to develop and expand its offerings, it is poised to maintain its position as a leading player in the NFT market.