Mad Lads NFT market cap reaches $186.7M amid TRUMP buzz

Mad Lads, an NFT collection on the Solana (CRYPTO:SOL) blockchain, has surged to sixth place among the most valuable NFTs, boasting a market cap of $186.7 million.

This rise coincides with Solana reaching an all-time high of $287, up 19% in the last 24 hours, largely driven by excitement surrounding the TRUMP (CRYPTO:TRUMP) memecoin.

The Mad Lads collection currently has a floor price of $18,905 and recorded $473,788 in trading volume from 24 sales within the past day, reflecting a 5.15% increase in its floor price.

Launched on April 19, 2023, Mad Lads was created by Armani Ferrante and Tristan Yver of Backpack Exchange.

The collection features 9,965 NFTs that combine anime-style art with themes inspired by Peaky Blinders.

The broader Solana NFT market has also seen growth, with a 15% increase in market cap to $714 million and a trading volume of $3.39 million over the same period.

Other Solana-based NFT collections have benefited as well. Claynosaurz's floor price rose to $4,882, marking a 13.8% increase, while Solana Monkey Business saw its floor price reach $7,956 after a 7.1% rise.

In addition to NFTs, Solana-based tokens have experienced notable gains.

The decentralised exchange token Jupiter (CRYPTO:JUP) increased by 33%, while Raydium (CRYPTO:RAY) rose by 10% in the last day.

The launch of the TRUMP memecoin has sparked renewed interest in Trump's Digital Trading Cards on the Polygon blockchain.

The first collection is trading at a floor price of $936.91, up 12%, with a market cap of $93.5 million and a trading volume of $2.44 million in the last 24 hours.

The second collection also saw growth, with its floor price at $213 and a market cap of $22.6 million following a 10% increase in sales.