StonkBrokers NFT Surges to $12K on Robinhood Chain

The StonkBrokers NFT collection on Robinhood Chain has seen a remarkable surge in value, increasing by over 368% in just one month since its launch. In the past two weeks alone, the price of the NFTs has skyrocketed to $12.42K, with a daily average sale price increase of 24.5%. This meteoric rise has made StonkBrokers the sixth largest NFT by market cap, and it is now just a few thousand dollars away from reaching the floor price of BoredApeYachtClub at $15K.

The collection's supply stands at 4,444 NFTs, with the floor price tripling in about a week. Unique owners have increased to 567, accounting for around 12.76% of total holders. This surge in value has been accompanied by renewed interest in high-value NFT collections, despite the broader NFT market remaining below its 2021 highs.

Robinhood Chain's momentum appears to be driven by massive capital inflows and outflows, with the chain's user base increasing significantly. The number of weekly transactions on the chain has surged to 64 million from 57.6 million, with more than 9 million transactions occurring each day. This increase in activity is likely due in part to Robinhood's recent UK crypto registration, which has allowed it to provide certain crypto services under new anti-money laundering regulations.