DUDES Hits 200 ETH Volume in Less Than 24 Hours

The newly minted DUDES NFT project has notched up over 200 ETH in trading volume in less than 24 hours of launching. The project features 10K PFP characters of DUDES in different moods, and according to the project’s creator, the goal is to create a private community for these characters where members get to “chat about NFTs, memes, and of course these DUDES.”

The creator’s fascination with NFTs inspired him to create “new meme characters” that could rival the likes of Mfers or Pepe. Now, it turns out months of putting in “blood, sweat, and beers” to design each DUDE with unique traits are paying off.

DUDES just hit 200 ETH in less than 24 hours… thanks to all my DUDES. pic.twitter.com/HtxyeNvren

— dude (@theNFTdude) April 4, 2023

On-chain data from OpenSea indicates that the project has seen over 241 ETH in trading volume. This translates to roughly $456,743 as of press time. The floor price for each DUDES NFT is currently 0.005 ETH or $10, and there are approximately 2,216 different owners.

Community Support is Key to DUDES Success

DUDES was announced on March 26 with minting kicking off on April 3. It turns out its early success lies with its supportive community that is bent on spreading good vibes within the NFT community. While, the fact that its anonymous creator appears to be a cool dude who isn’t planning on leaving the NFT realm has inspired confidence in the project.

As mentioned earlier, DUDES is built in the spirit of popular meme characters like Pepe the frog, which have captured the attention of the internet over the past few years. Rare Pepes have been around as NFTs since 2016 and are some of the oldest non-fungible tokens in circulation. One Rare Pepe dubbed “Pepenopoulos” which pays homage to Bitcoin evangelist Andreas M. Antonopoulos, sold for $3.6 million at a Sotheby’s auction last October.

Whether DUDES will get this kind of recognition remains to be seen. However, based on what is being witnessed now, these meme NFTs might just end up establishing themselves as part of the crypto folklore.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating Web3 content for various media outlets around the globe.