CryptoPunks NFTs Roar Back With $24.6M in Weekly Trades
Main Idea
CryptoPunks NFTs have experienced a significant resurgence in trading volume and value, driven by corporate interest and high-profile acquisitions, with Ethereum leading blockchain NFT sales.
Key Points
1. CryptoPunks saw $24.6M in weekly trades, marking a 416% rise, with $8.9M in daily sales on July 29, topping NFT leaderboards.
2. GameSquare's $5.15M purchase of rare Ape Punk #5577 highlighted renewed corporate interest in high-end NFTs, fueling the rally.
3. Transactions for CryptoPunks jumped over 566%, buyers increased 200%, and the average sale price rose from $140,000 to $182,000.
4. Ethereum led all blockchains in NFT sales with $19.4M in 24 hours, outpacing Bitcoin ($2.38M) and Solana ($1.62M).
5. Despite a flat total NFT market cap ($6.7B, down 1.2%), daily NFT sales volume across all collections increased by 2.3% to $24.5M.
Description
CryptoPunks , one of the most iconic NFT collections on Ethereum, is back in the spotlight after recording a dramatic surge in trading activity. The series notched over $24.6m in weekly volume last week, its highest tally since March, marking a 416% rise from the prior week, data from the OpenSea collection showed. That spike in momentum pushed CryptoPunks to the top of the NFT leaderboard on CryptoSlam , where it accounted for more than $8.9m in daily sales as of July 29. This was nearly six ti...
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