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

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.