Kanpai Pandas NFTs saw a 45% floor price drop amid allegations that the team promoted a Trump-themed token which was later disavowed by the Trump family.
The Kanpai Pandas non-fungible token (NFT) collection suffered a floor price drop following the team’s alleged involvement in promoting a Donald Trump-themed token called Restore the Republic (RTR).
On Aug. 9, data from the NFT marketplace Blur showed that the floor price of the Kanpai Pandas collection dropped by 37.44% in 24 hours and 40.13% in the last seven days. The floor price went down from 0.775 Ether (ETH) on Aug. 8 to a low of 0.42 ETH on Aug. 9, representing a 45% decrease.
The floor price currently sits at 0.46 ETH, worth $1,220.
