Azuki NFT Floor Plummets due to

Today’s Azuki Elementals launch was one of the hottest NFT drops in quite some time, with 10,000 Ethereum NFTs selling out in around 15 minutes and generating some $38 million worth of ETH for Chiru Labs. But now holders are selling Elementals well under the mint price amid uproar over the artwork.

Azuki Elementals NFTs sold for 2 ETH (about $3,800) apiece in the initial mint today, with another 10,000 of the NFTs airdropped free to holders of the original Azuki NFTs.

But following this afternoon’s artwork reveal, which took place after the mint, prices are falling fast—the NFTs are listed as low as 1.6 ETH (about $3,025) on the OpenSea marketplace as of this writing. Not long after the artwork was revealed, prices fell as low as 1.32 ETH ($2,490).