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Adam Weitsman , a well-known U.S.-based entrepreneur, crypto investor, and NFT collector , has purchased 229 Meebits NFTs on January 6 in what is now the largest over-the-counter (OTC) acquisition ever recorded for the collection.
Big day for Meebs.@AdamWeitsman is adding 229 Meebits to his collection, including a Skeleton, an Elephant, and an elusive Punk Tee, in the largest Meebits OTC transaction to date.
Full release: pic.twitter.com/RlG0eLI59z
— Meebits (@MeebitsNFTs) November 4, 2025
Meebits, a voxel-art project launched in 2021 by Larva Labs, the creators of CryptoPunks, has seen multiple ownership changes in recent years. While Yuga Labs previously held the intellectual property rights, these have since been transferred to the newly established Meebit Company (MeebCo) as part of a strategic restructuring.
A Bold Bet During an NFT Market Slump
The large-scale acquisition comes at a time when NFT trading volume has plunged dramatically from its peak. Some market data indicates that trading activity for major collections has dropped by up to 95%, underscoring what many analysts describe as an extended “NFT winter.”
Despite this downturn, Weitsman told the media that Meebits was “the project that first pulled me into Web3,” emphasizing that the purchase reflects his confidence in the new MeebCo leadership and his ongoing support for the community.
Deepening Commitment to Yuga Labs–Linked Assets
Weitsman’s involvement in the Yuga Labs ecosystem extends far beyond Meebits. He has an existing agreement to purchase over 5,000 NFTs directly from Yuga Labs, including high-value assets tied to the Otherside metaverse, such as Otherdeeds and Mega Kodas. Most of these high-profile NFT acquisitions are transacted using Ethereum (ETH).
Weitsman also previously purchased the “Golden Key” tied to Yuga’s Dookie Dash event for USD 1.6 million, one of the most expensive single NFT purchases of its time.
A Vote of Confidence Amid Market Uncertainty
As the broader crypto market remains volatile, significant buys from influential collectors like Weitsman serve as critical signals of stability and long-term confidence.
Market participants are increasingly speculating that the next major crypto bull cycle could lead to a resurgence in NFT valuations, potentially lifting legacy collections such as Meebits.
For now, Weitsman’s massive OTC deal stands as a rare show of conviction in an industry still searching for its next wave of momentum.
