Kanpai Pandas NFTs dive 45% following Trump token controversy

Currently, the Kanpai Pandas’ NFT collection has suffered a great loss in the floor price after being associated with promoting the Donald Trump-inspired token known as restore the republic-RTR.

On August 9, information from the NFT marketplace Blur showed that the floor price of Kanpai Pandas had fallen by 37. Within 24 hours namely 44 percent, 40 overall percent. 13% of the total app visits within the last one week. Pricing trends also lowered the floor price down to 0. IOU of 775 Ether (ETH) on August 8 to a low of 0. 42 ETH on August 9, or 45% less. Presently, the floor price is 0. 46 ETH, approximately $1,220.

The floor price has since collapsed, mainly because the Kanpai Pandas founder, also known as “Ice Bagz”, and other team members advertised the RTR token as an ‘official’ Trump token when in reality it is not. Still, it’s important to clear that token, and its creators had absolutely nothing to do with the Trump family, at least this is what Eric Trump, the ex-president’s son explained about it.

getRequesting response from Kanpai Labs for their comments, the section was not able to receive an immediate response.

A case in point is the Kanpai Pandas Team where the community raged on the team.

Following Trump’s family stating that they have had nothing to do with RTR token, the price drastically dropped by 95%. This resulted in considerable criticism by the community mainly targeting the members of the Kanpai Pandas team who had encouraged the community to buy the token on X before the Trump family public statements.

One X user by the name Legacy Ape posted screenshots of the Kanpai Pandas team advertising the RTR token in X, and another post also pointed to the same Kanpai Labs as being behind the token’s Google ads.

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