The day following the Sneaky Vampires Syndicate was turbulent to say the least, with floor price dropping slowly but surely to almost .6 ETH last evening (13th September).

Like any very hyped project, a price drop was expected after the initial fomo cools off, but things may have been made worse by the fact that many Vampires stakeholders were newcomers to the NFT market expecting to realize a very high profit in a few hours, and panic sold when the saw the market going the other way.

The paperhands brought the floor price to near .6, but it has since steadily recovered to around .78 ETH at print time, with only two Vampires listed at .74.

It remains to be seen whether the collection will witness a steady and organic growth now that panic sellers are gone, or whether the downtrend will continue.

By admin

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