CryptoPunks May Remain Leading Ethereum-Based NFT Collection by Market Capitalization Amid Market Growth

Main Idea
CryptoPunks leads Ethereum-based NFT collections in market capitalization and sales, with Ethereum dominating the NFT market amid rising investor interest and ETH price surge.
Key Points
1. CryptoPunks achieved $15.5 million in weekly sales, an 11,736% increase from the previous week, leading Ethereum-based NFT sales.
2. Pudgy Penguins and Bored Ape Yacht Club (BAYC) also saw significant sales growth, with Pudgy Penguins surpassing CryptoPunks in trading volume at $20 million.
3. Ethereum-based collections occupy nine of the top ten positions by market capitalization, with CryptoPunks leading at $1.8 billion.
4. The overall NFT market saw a 21.2% increase in trading volume over 24 hours, reaching $6.34 billion, linked to Ethereum's price rally.
5. Pudgy Penguins' average sale price rose 52% to nearly $50,000, while CryptoPunks' average sale price increased by 21% to $155,000.
Description
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