The NFT community is reeling from the recent passing of Benoit Pagotto, a prominent figure in the space, which has led to a notable decline in the Clone X NFT collection's market performance. According to the experts cited in the publication, the situation is becoming critical.
Significant Drop in Trading Volume
In the last 24 hours, the trading sales volume for Clone X has seen a staggering drop of over 50%, generating only 774 ETH. This sharp decline highlights the immediate emotional response from collectors and investors following Pagotto's death.
Decrease in Floor Price
Moreover, the floor price of Clone X NFTs has decreased by 5%, now sitting at 0.18 ETH. This downturn not only reflects the sentiment within the community but also raises questions about the future stability of the collection in the wake of such a significant loss.
In a contrasting development, Ethereum spot ETFs faced significant net outflows on October 13th, raising concerns among investors. For more details, see the full report on the outflows.
