Free-to-Mint NFT Hit The Saudis has risen to second place among all collections traded on OpenSea

According to rankings by OpenSea, Hit The Saudis NFT collection has recorded over ETH 7,000 (USD 7.4m) in trade volume over the previous week, trailing only the well-known NFT collection CryptoPunks, which has scored ETH 9,574 (USD 10m).

With more than 4,000 ETH in trading volume on Sunday, the collection even temporarily overtook the top project in terms of volume over the previous 24 hours.

According to its website, The Saudis is a collection of 5,555 NFTs that were produced programmatically from more than 80 potential qualities.

The collection's visual style seems to be influenced by CryptoPunks. On July 9, the collection was introduced, and it quickly sold out.

The project's floor pricing, which is the least expensive item in an NFT collection, is now set at ETH 0.67 (more than USD 700), down from a Saturday peak of ETH 1.3 (approximately USD 1,650).

The project, like other free-to-mint hits, is gaining steam thanks to its vociferous army of social media fans, many of whom are making meme videos with Saudi Arabian themes to propagate the initiative's mania.

Notably, the project's enthusiasm has somewhat subsided during the past few days. Over the last 24 hours, the collection's trading volume was ETH 474, a decrease of over 65%.

The ascendancy of the Saudis, meantime, has not been without criticism.

The project declared over the weekend that it will prevent 217 of its NFTs, owned by OpenSea user Rightblock, from being traded on that platform and other NFT marketplaces. The individual was charged with being a "hacker" by the team.

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