Azuki’s Animecoin Launches at $1.2B FDV Amid Airdrop Issues
Animecoin, the governance token associated with the Azuki NFT project, has debuted with a fully diluted value (FDV) of $1.2 billion. The token is currently trading at $0.12 on the HyperLiquid platform. Azuki NFT holders are eligible to claim an airdrop of the total 10 billion token supply. However, users reported that the official claims website experienced downtime shortly after it became operational. This issue may influence initial trading and market sentiment surrounding Animecoin.
Neutral
The launch of Azuki’s Animecoin at a substantial fully diluted valuation indicates strong initial interest within the NFT and cryptocurrency community. However, the downtime of the airdrop claims website introduces uncertainty that may offset bullish sentiment, leading to a cautious market stance. Since the token is newly launched, traders might adopt a wait-and-see approach until the website issue is resolved. Historically, technology issues like these can cause temporary hesitations in trading.