MOCA Token Soars to $800M Fully-Diluted Valuation as Mocaverse NFTs Crater

The floor price of Mocaverse NFTs plummeted 47% on July 9.

By: Pedro Solimano Loading...

a soaring price chart in neon colors

MOCA, a token that aims to reward holders of Mocaverse NFTs, debuted at a $72 million market capitalization and has since rallied 41% to tag $102 million, according to CoinGecko.

MOCA last changed hands for $0.088 and boasts a fully diluted valuation of $800 million.

MOCA Price chart
MOCA Price

Holders of Mocaverse NFTs are eligible for a MOCA airdrop allocation if they have a MOCA ID with at least 1,500 Realm Points (achieved through various activities within the ecosystem) or if they hold at least 1 MOCA or Lucky Neko NFT. Of the total MOCA supply, 10% has been assigned to reward holders.

To be eligible, users had to register on the website by July 9, which coincides with a drop in the Mocaverse NFTs’ floor price.

According to NFT Price Floor, the collection’s floor price crashed 47% to $5,770 from $10,853 on July 9. When measured in ETH, the asset dipped to 2.20 ETH from 3.55 ETH. Users originally paid $100 per token to mint Mocaverse.

The terms of the airdrop could be bolstering MOCA’s price performance, with eligible wallets able to qualify for a potential 40% bonus allocation if they wait until October 11 to claim their tokens. The deadline for claiming the first airdrop is August 11.

Mocaverse NFT
Mocaverse NFT

But despite Mocaverse being the worst-performing top 100 NFT collection over the past week and 30 days, it continues to rank 21st among NFT collections by market cap at $51 million.