Metaplex Token Plunges 68% After Adding Solana NFT Collectors to Airdrop
The Metaplex Foundation, which oversees Solana’s Metaplex NFT protocol, recently launched an airdrop of its MPLX token for Solana NFT creators—and on Monday, it extended the offer to eligible collectors that had previously interacted with certain NFT projects. However, the expanded token offering quickly tanked its price. The MPLX token’s price is currently down 65% over the past 24 hours, after initially tanking by more than 68%, to a price of about $0.11, per data from CoinGecko. The price of MPLX has dropped from a peak of $0.34 during the same span. MPLX is also down 67% over the past week, and 87% from its all-time high of nearly $0.90 on September 20 in the hours after the token first launched. The token hit a new all-time low price this morning.
Source
https://t.me/nfts_defi_metaverse
