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CryptoPunks, one of the most iconic NFT collections in the cryptocurrency space, has experienced a significant surge in buying activity over the past 24 hours, with its floor price climbing to 42 ETH per NFT.
Increased Sales Activity
Over the past day, the Yuga Labs-backed NFT collection recorded 19 sales of its unique pixelated avatars, representing an 18.75% increase in transaction volume. This uptick has positioned CryptoPunks as the second-largest NFT collection in terms of sales volume, highlighting its continued relevance in the market.
Top Sale: CryptoPunk #2301
The most notable purchase during this period was CryptoPunk #2301, featuring an avatar with an eyepatch and hoodie. This NFT was sold for 115 ETH, which equates to $235,190 at current Ethereum prices.
Floor Price Trends
As of now, the CryptoPunks floor price stands at 42 ETH, marking a 5% increase compared to the previous day when the floor price was below 40 ETH. Earlier today, the floor price briefly dipped to 39.39 ETH, showcasing the dynamic nature of NFT pricing.
Sales Volume and Market Data
In the last 24 hours, the total sales volume for CryptoPunks reached 915.37 ETH, which translates to over $1.8 million at current market prices. Ethereum is currently trading at approximately $2,060, contributing to the high valuation of these transactions.
Monthly Performance and Market Cap
On a monthly scale, sales for the CryptoPunks collection have risen by nearly 20%, indicating positive momentum. However, daily trading volume has decreased by 21.8%, suggesting fluctuating buyer interest. The collection’s market cap is currently valued at 419,748 ETH, approximately $865 million, underscoring its dominance in the NFT market.
Recent High-Value Transactions
Within the past week, CryptoPunks has maintained its position as the leading NFT collectible in terms of sales. Notably, CryptoPunk #2967 was sold for $843,070 on March 23, further solidifying the collection’s appeal among investors.
About CryptoPunks
Launched in 2017, CryptoPunks is a groundbreaking NFT collection consisting of 10,000 unique pixel art avatars minted on the Ethereum blockchain. These avatars have become cultural icons in the crypto and NFT space, attracting collectors and investors worldwide.
Documenting CryptoPunks
In October 2024, an 800-page book titled “CryptoPunks: Free to Claim” was published, documenting all 10,000 Punks ever created. Compiled by creative director Zak Kyes and in partnership with Yuga Labs, the book serves as a comprehensive archive of the collection’s history and cultural impact.
CryptoPunks continues to be a cornerstone of the NFT market, drawing attention from both seasoned investors and newcomers eager to explore the world of digital collectibles.
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