Mad Lads NFTs saw a price surge of 19% after their parent company, Backpack, acquired FTX Europe and its MiFID II exchange license. Following the acquisition, the starting floor price for Mad Lads reached nearly $18,300 but corrected to $16,240. The acquisition is expected to enable Backpack to offer perpetual trading to European users while prioritizing fund recovery for FTX Europe customers. Although no direct benefits for Mad Lads holders have been announced, project CEO Armani Ferrante reminded users that NFT holders qualify for VIP status on the Backpack Exchange. In the previous 24 hours, Mad Lads generated over $1.8 million in secondary trading volume, making it the second-most traded NFT collection. After gaining nearly 73% over the month, the collection's value remains significantly below its all-time high of $29,420 reached in March 2024. Mad Lads, launched in April 2023, consists of nearly 10,000 NFTs and has a reputation for protecting real consumers during its initial mint.

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