Coin

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   <li><strong>Lens Protocol Profiles NFTs witness a steep 60% price decline within a week.</strong></li> 
   <li><strong>Wu attributes the drop to the test invitation system launched by Lens.</strong></li> 
   <li><strong>Some investors see the price dip as an opportunity to acquire discounted NFTs.</strong></li> 
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  <p>The floor price of Lens Protocol Profiles NFTs on <a href="https://coinedition.com/opensea-attracts-88-of-polygons-nft-trading-in-last-3-months/" target="_blank" rel="noopener noreferrer nofollow">OpenSea</a>, the popular marketplace for <a href="https://coinedition.com/what-are-non-fungible-tokens-nfts/" target="_blank" rel="noopener noreferrer nofollow">non-fungible tokens (NFTs)</a>, has witnessed a significant drop, as revealed by prominent Chinese crypto reporter Colin Wu.</p> 
  <p>In a recent tweet, Wu shared that the value of these digital collectibles has plummeted by over 60% in the past week, currently resting at around $50 USDC. Notably, the floor price is the lowest price that an NFT in a collection is currently listed for sale.</p> 
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    <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
     <p lang="en" dir="ltr">According to OpenSea, the floor price of Lens Protocol Profiles NFT has fallen by more than 60% to about 50 USDC in the past 7 days, which may be due to the test invitation system officially released by Lens on July 13, and some hoarders sold because of concerns.…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1680074341789356032?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 15, 2023</a> 
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  <p>According to the Chinese reporter, this unexpected decline in price may be attributed to the recent launch of Lens’ test invitation system on July 13. He also theo…</p> 
  <p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/opensea-lens-protocol-profiles-nfts-witness-steep-price-decline-to-50/">OpenSea Lens Protocol Profiles NFTs Witness Steep Price Decline to $50</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>
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OpenSea Lens Protocol Profiles NFTs Witness Steep Price Decline to $50

Coin Edition

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