Reddit ‘Digital Collectibles’ Trading Volume Shoots Past All-Time High – Here’s What You Need to Know
Source: Adobe/prima91 The trading volume of Reddit digital collectible NFTs has surpassed $2.5 million in the past 24 hours, representing over one-third of the collection&rsquo ;s cumulative trading volume of $6.3 million since launch. At the same time, the daily sales volume of Reddit NFTs also witnessed a new all-time high of 5,383 NFTs changing hands, as per data by Dune Analytics. Moreover, the number of total collectible avatar holders has approached the 3 million mark, currently sitting at 2,838,347. From that tally, 2,813,700 are single collectible avatar holders, with 2,925,196 total collectible avatars currently in circulation. Dune Analytics stats further shows that 3.82% of the Reddit collectible avatars are owned by whales. Reddit initially announced the launch of its Collectible Avatars in early July this year. Created by independent artists, the limited-edition PFPs confer unique platform benefits to their ow...