CryptoPunks’ floor price hits 2022 highs as weekly volume soars 416%
Main Idea
CryptoPunks' floor price has surged to 2022 highs with a 416% weekly volume increase, driven by Ethereum's bullish performance and increased trading activity.
Key Points
1. CryptoPunks' floor price reached over $208,000, the highest since mid-2022.
2. Weekly trading volume surged 416% to $24.6 million, the highest since March 2024.
3. Ethereum's price rise to $3,850 contributed significantly to CryptoPunks' recovery.
4. GameSquare's $5.15 million purchase of Punk #5577 marked a notable corporate NFT transaction.
5. CryptoPunks remains the leading Ethereum-based NFT collection, reflecting broader NFT market sentiment.
Description
The leading NFT collection, CryptoPunks, records a significant comeback as floor prices return to 2022 levels. Data from NFTPriceFloor shows the collectible soared above $208,000 today, marking the highest mark since mid-2022 in US dollar terms. It hovers at $206,850 after incredible recoveries in the past few sessions. Source -NFTPriceFloor Notably, the price jump follows notable user activity. CryptoPunks trading volume surged to $24.6 million last week. That represented a 416% weekly surge an...
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