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Billionaire Mike Novogratz, the chief executive officer of Galaxy Digital, has just changed his profile picture to a Nakamigos non-fungible token image. In response to this bullish move, the Nakamigos NFT collection has seen its trading sales volume and floor price pump to new heights. In less than 24 hours, the Nakamigos NFT trading sales volume has soared by +1,000% from the past day.
Novogratz Changes His X Avatar To A Nakamigos NFT
Earlier this morning, Mike Novogratz updated his X profile picture to an image similar to the NFT collection, Nakamigos. Michael Edward Novogratz is an American investor, co-founder and former president of Fortress Investment Group, where he also served as CIO of the Fortress Macro Fund. He is currently the Founder and CEO of Galaxy Investment Partners, which focuses on investments in cryptocurrency.
Mike Novogratz is famous for his career in finance and his prominent role in the cryptocurrency industry, particularly as the founder and CEO of Galaxy Digital, a cryptocurrency investment firm. He’s also known for his past as a hedge fund manager, his time at Goldman Sachs, and his successful wrestling career. Billionaire Novogratz is one of the popular billionaires in the crypto space.
The billionaire investor has rushed to X to defend his intentions for updating his profile picture. In a July 30 blog post, Novogratz cleared speculations about whether he could be planning to buy any NFTs. “I do not collect NFTs, but I love the culture they create. Galaxy Digital owns a bunch of CryptoPunks NFT series that hang in our office,” Novogratz explained. The Novogratz’s X update has fueled a short frenzy in the NFT collection linked to his profile picture.
Nakamigos Surges +1,000% In Daily NFT Sales Volume
Data compiled by Coingecko.com, the popular crypto market data aggregator and non-fungible token explorer, indicates that the Nakamigos NFT collection has reacted slightly to Novogratz’s recent X profile update. In the past 24 hours, the Nakamigos NFT collection has raised a sales volume of 70 ETH. During this time, the Nakamigos NFT sales volume has surged by +1,000% from the past day.
Nakamigos is a non-fungible token collection featuring a limited set of 20,000 unique, pixelated profile picture (PFP) NFTs created by HiFo Labs and launched on the Ethereum blockchain in March 2023. The collection’s name is a play on Satoshi Nakamoto, the pseudonym of the creator of Bitcoin, with “Nakamigos” representing “friends of Nakamoto”. Its floor price has surged from $0.14 to $0.21. At the time of publishing, the Nakamigos NFT floor stands at $0.18.
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