Solana drops below $105 as Yuga Labs launches NFT cards

Yuga Labs has launched Mudwater, a physical and digital trading card collection on Solana, allowing Bored Ape Yacht Club and Mutant Ape Yacht Club holders to claim free packs from a limited supply of 240,000. Summary Yuga Labs launched Mudwater on Solana, offering physical and digital collectible cards to BAYC holders. Bored Ape holders can claim ten packs per NFT, while Mutant Ape holders receive two. Mudwater features 120 card designs, including eight unique editions, with 240,000 packs available across collections. The project allocates 2.5% of NFT trading value toward purchasing ApeCoin rewards for eligible collectors. Solana traded near $104 as bearish technical indicators pointed to continued weakness around $100 support. In an October 18 announcement, Yuga Labs confirmed that the collection was live and that eligible NFT holders could begin claiming their cards. The release introduces 120 designs, rare collectible editions and an ApeCoin reward mechanism linked to NFT trading. The launch arrives while Solana (SOL) faces renewed selling pressure. CoinGecko data placed the token near $104, down approximately 5.6% over seven days, after retreating from its earlier rally toward ...