The Great ENS Renewal Rush: Will You Pay Up or Let It Go?

Remember the ENS hype cycle last spring? Yeah, we try to forget too. But many people FOMOed into buying 10k Club names back then and are now facing a tough decision: pay the $160/year renewal fee or let them go. Cue the dramatic music.

As of today, there are 850 names in “grace period” status, but their owners will soon be faced with the decision to renew or not. 

The prime window for renewals is upon us, and if you’re quick enough you just might snag a bargain. In fact, someone swept the floor yesterday and bought 19 names in the 10k Club! The current floor price is 0.688, which many people see as a “sale”. 

The 10k Club was established in 2017 to recognize and celebrate the most valuable and sought-after domain names on the ENS platform. And let’s be real, who doesn’t want to be part of an exclusive club like that? The top 10 holders of 10k Club names collectively own 904 names,or 9.04%. That’s like having a private island in the Bahamas, but for ENS names!

So let the games begin. The 10k Club mass renewal period is an exciting time for ENS users and investors. It’s like the wild west of domain name renewals, and we can’t wait to see how it all unfolds. Just remember to keep it civil, folks. We’re all in this together!