Whale buys 45 CryptoPunks in 2 minutes as NFT market cap hits $6B milestone
Main Idea
A whale investor purchased 45 CryptoPunks in two minutes, coinciding with the NFT market cap surpassing $6 billion, signaling renewed interest in the NFT sector.
Key Points
1. A large-scale investor spent over 2,000 ETH to buy 45 CryptoPunks within two minutes.
2. CryptoPunks’ floor price increased by 15% in the past 24 hours, reaching over $176,000 (47.50 ETH).
3. The NFT market cap crossed $6 billion after an 18% 24-hour increase, with trading volume surging 195% to $31.14 million.
4. Top NFT collections like Pudgy Penguins, Bored Ape Yacht Club, and Moonbirds saw gains of 6%, 3%, and 196%, respectively, in the past week.
5. CryptoPunks, launched in 2017, are considered a benchmark for NFT market sentiment due to their limited supply of 10,000 unique characters.
Description
The crypto market displays magnified optimism as the altcoin narrative gains steam amid regulatory shifts in the US . Ethereum is outperforming Bitcoin, and different sectors within the digital asset sector are catching up. The non-fungible tokens (NFTs) sector experienced a jaw-dropping development as a recognised large-scale crypto investor, wallet 0x1b…72D6, went on a purchasing spree, accumulating 45 CryptoPunks in under two minutes. OpenSea data shows the whale spent 2,081.6 ETH coins throu...
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