The average price of CryptoPunks NFTs has seen a notable increase in the past 24 hours.
According to CoinGecko, it’s worth $208,660, equivalent to 53.85 ETH. This is no small increase; in a short time, the price has surged by more than 4%, making many eyes refocus on this iconic collection.
CryptoPunks trading volume surges over 300% in just 24 hours
What’s even more striking is the trading volume. In the past 24 hours, the total volume that changed hands reached $8.36 million, an increase of over 300%. This is no small increase, especially amidst the current volatile market conditions. Apparently, collectors and major investors are moving quickly, perhaps sensing a moment not to be missed.
Daily sales have also been boosted. A total of 37 CryptoPunks were sold, a figure that more than tripled compared to the previous day. Equally interesting is the average selling price, which also rose slightly to around $226,234. While the increase isn’t as significant as the volume or number of transactions, it’s enough to indicate that buyers are willing to dig deeper for a single punk.
The price trend observed over the past seven days shows a consistent upward trend. Initially, it remained around 47 ETH, but slowly crept up and has now reached 53 ETH. At several points, the price chart shows quite a sharp surge, as if the market were gripped by sudden euphoria.
The number of unique wallets holding CryptoPunks currently stands at 3,843 out of a total of 9,994 NFTs. This means that approximately 38% have been distributed among various collectors, both retail and large players.
Furthermore, the market cap is no less staggering, reaching over $2 billion. Quite impressive for a collection that once emerged as a digital art experiment. But now? It might not be an exaggeration to say that CryptoPunks are at their peak again. Not only that, but this could be an early sign that classic NFTs haven’t lost their popularity.