NBA Top Shot Market Reaction to Jamal Murray’s Injury
Bart Young/NBAE via Getty Images. Pictured: Jamal Murray #27 of the Denver Nuggets.
Denver Nuggets star Jamal Murray’s torn ACL hasn’t only impacted his team’s championship odds. His NBA Top Shot market has also seen a dip following the news of his injury.
Murray’s value on the NFT market saw almost an instant dip. In total, the injury resulted in a decrease of $915,383 in total low-ask market share of Murray’s 14 different moments on the platform. That data was obtained from evaluate.market and Add More Funds.
Prior to Monday night’s game against the Warriors, Murray’s moments had a total low-ask market share of just over $7.2 million compared to a low-ask market of about $6.3 million Tuesday afternoon.
By Wednesday afternoon, the low-ask market was down to $6.1 million. The majority of Murray’s highlights saw a decrease in value over the last 24 hours.
Of course, total loss of low-ask market share doesn’t tell the whole story as prices can fluctuate with different serial numbers and sets. Regardless, the injury has had a negative impact on almost all of Murray’s sets and series.
His Series 1 moments saw a low-ask market cap loss of $739,992 while his combined Series 2 moments declined by $175,391. His Series 1 Base set – Dunk saw the biggest decline of any set by losing $200,340 in low-ask market cap overnight.
Interestingly enough, Murray’s Legendary Series 1 Holo MMXX saw no change in low-ask market cap due to the injury. This is most likely due to the low mint count (50) as well as the fact that legendary collectors tend to be more bullish on the platform as a whole.
Injuries in general also help to illustrate the fundamental differences between NBA Top Shot collectors who are bullish of the product long-term compared to those who have their doubts or are simply in the game for a quick money maker. Murray’s injury is a great example.
The Action Network’s Conor Powers contributed to this story.