In the depths of the bear market, a new NFT community “brought the energy back into the Solana ecosystem.”
Most NFT PFP projects have come and gone. The euphoric period of 20212022, with its lofty expectations, roadmaps and promises, is mainly in the rear-view mirror.
But one project, Mad Lads, has emerged from the rubble of the bear market and solidified itself as a leading PFP project community on Solana.
The Lads minted on April 21, 2023, following a highly curated allowlist process that began 12 months earlier, spearheaded by co-founder Tristan Yver. Minting at 6.9 SOL, about $144 at the time, the Lads were a galvanizing force for good in the Solana ecosystem after the infamous FTX downfall had many questioning the long-term viability of the blockchain.
Riding the wave of Solanas price and interest run-up in Q4 2023, the Mad Lads collection hit an all-time high floor price of 218 SOL in early December 2023, putting it in the top five biggest PFP projects across all chains at the time. Currently, the floor price sits at 70 SOL ($11,060).
