Elon Musk just a few hours ago tweeted out the “Seize the Memes of Production” card, which is minted as a non-fungible token (NFT).
The post generated a frenzy in the NFT market, and within minutes the floor price of the Memes collection skyrocketed from 0.080 ETH to 0.2 ETH!
The “SeizeJPGs” card even reached a sales volume of up to 8 ETH at its highest point!
Here is another evidence of how speculative NFT markets may be.