Persona NFT Reaches 2.3K ETH Volume, 5K ETH Cap, Closes at 0.46 ETH Amid Challenges

The Persona NFT collection experienced significant trading activity, reaching 2.3K ETH ($7.04M) in traded volume in less than a day and becoming a top 100 collection by market cap at 5K ETH ($14.88M). Despite this, the collection faced challenges, including high gas fees and technical issues during the minting process, which affected its momentum. Some investors expressed regret for selling their assets under 0.5 ETH due to these high fees. It was suggested that a regular mint priced at 0.29 ETH could have sold out and potentially positioned the collection at around 1ETH. The collection's value fluctuated throughout the day, briefly surpassing 0.6 ETH in the morning before settling at 0.46 ETH, marking a -3% change.