Ugly Duck Labs: a failed project, by the numbers 🦆📉
Launched in Feb 2025 with 1,851 ducks. Almost 20 months later:
Total volume: about $4,186. That's the entire lifetime trading of the collection. Many projects do more in one afternoon.
Floor: about $37 (0.014 ETH), down 8.5% in a single day.
Top offer: about $22. Buyers won't even pay the floor. They're bidding 40% under it.
Only 213 unique owners for 1,851 NFTs. That's 11.5%. Nearly 9 out of 10 ducks are sitting in a small number of wallets. There's no community, just a pile of unsold inventory.
Price is falling apart. A duck that once sold for $161 is now listed at $51.
7% creator fee on a collection nobody's trading. Charging a premium tax on a dead market.
So what's the fix? Airdrop them for free. When you can't sell them, you give them away and call it a reward.
Scrooge told me giving ducks away was something I'd regret. Now he's doing exactly that, just because nobody's buying. 🍬