A user's personal account highlights the dramatic appreciation of Mammoth Non-Fungible Tokens (NFTs) within the Celestia ecosystem, with floor prices surging from an initial mint cost of approximately $3.75 to nearly $2,000. The individual, known as Deleboy210〽🦣, shared their journey on social media, detailing how early engagement with modular blockchain technology unexpectedly led to significant digital asset gains. This development underscores the volatile yet potentially lucrative nature of niche NFT markets aligned with emerging blockchain infrastructure.
The user's journey began in Q3 of last year, engaging with FormaChain, a modular blockchain built for creators that leverages Celestia for data availability and uses TIA as its native gas token. "I began engaging with @Formachain, experimenting with various DeFi activities and minting different NFTs," Deleboy210〽🦣 stated in their tweet. This early participation positioned them to qualify for a competitive Phase 2 Mammoth minting round.
Upon the release of a checker on Modularium, an NFT marketplace on FormaChain, Deleboy210〽🦣 discovered that two previously minted NFTs qualified them for the exclusive mint. They successfully secured a Mammoth NFT at a price of 0.75 $TIA, which was valued at "around $3.75 at the time." This low entry point provided an extraordinary return as the floor price later "skyrocketed to nearly $2,000 per Mammoth."
Despite the substantial financial gain, the tweet emphasized a community-centric motivation rather than speculative trading. "I never looked at my Mammoth as a quick flip or a ticket to instant profit," the user explained, adding, "I was here for the community, for the story, and for the fun of belonging to something that felt truly organic." This sentiment reflects a growing trend within certain Web3 communities that prioritize collective engagement over immediate financial returns.
Mammoth NFTs distinguish themselves by rejecting typical NFT hype cycles, notably lacking "lofty promises, no elaborate utility, no roadmap, no privileged insiders, and no VC funding." Instead, they are described as a "simple signal" and a "cultural spark" for those invested in Celestia's modular vision. The collection is widely distributed with "9,500 Mammoths spread quietly across the Celestia ecosystem," fostering a diverse holder base without centralized control.