Reddit Avatar NFTs’ market cap exceeds $35 million Reddit Avatar NFTs’ market cap exceeds $35 million
Over 10.6 million NFTs have been minted since the collection's launch on July 2022.
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Updated: Feb. 22, 2023 at 4:08 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The total market cap of Reddit’s collectible avatar NFTs exceeded $36 million, according to a BestBrokers report published Feb. 22.
Over 10.6 million NFTs have been minted since the project launched seven months ago, according to the report.
December 2022 comes forward as the month that recorded the highest amount of mints with $3.72 million. February 2023 and September 2022, following December as the second and third, with $2.11 million and $1.26 million, respectively.
These three months were also the time frames where the most significant unique user additions were recorded. According to the numbers, the total minters exceeded 10 million, while the number of Collectible Avatar holders exceeded 7.18 million.
The most expensive sale of the collection took place on Oct. 24, 2022, when a user paid 30 Ethereum (ETH) for an avatar named “The Hands #1.” The current price of the NFT is 150 ETH, which equates to over $243.750 at the time of writing.
Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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