CryptoPunks NFTs had one of the fastest growth in the past week, increasing by more than 330% in NFT sales to over $7 million. Moreover, the number of buyers and sellers also increased, reaching more than 20% increase, respectively. In this article, we will discuss the recent rise in CryptoPunks and the NFTs contributing to it.
CryptoPunks $2 Million Daily Performance
CryptoPunks had a slight decline in daily sales, reaching $2 million in just one day. Apparently, this is a slight retracement from the massive surge the NFT collection saw in the last seven days. According to data from CryptoSlam, CryptoPunks registered 26 transactions in the last 24 hours, a 26% decline. Furthermore, there were over 17 unique buyers and 21 sellers engaging in the marketplace. The average hold time for these NFTs is also declining, standing at 186.84 Days.
CryptoPunks Makes Over 330% Gains to $7 Million NFT Sales in a Week
More data from CryptoSlam shows CryptoPunks outshined many other collections by posting a staggering 330% increase in its total sales, amounting to $7 Million. Indeed, other NFT collections like DMarket, Bored Ape Yacht Club, and Sorare were outperformed by CryptoPunks. Moreover, this performance had over 100 transactions, representing over a 320% increase in the last seven days. Furthermore, there were 66 unique buyers and 56 sellers. The average hold time during this period was relatively short, declining by more than 40% to 149.56 Days.
Top 3 Sales of CryptoPunks NFTs
Here are some of the highest NFT sales within the CryptoPunks collection, including the sellers and buyers.
CryptoPunk 5034
CryptoPunk 5034 recently sold for an impressive $138,227.27, making it one of the top transactions in the collection. Furthermore, even converted to crypto, this was around 53.5000 Ethereum. This particular Punk, known for its distinct features and rarity, attracted a high level of interest from collectors. Moreover, the seller of this NFT was 2.punksotc.eth while the buyer was 0x88452be7bc0565e7953d6eba1ce16f0d0a35cd4c.
CryptoPunk 4576
Another standout sale was CryptoPunk 4576, sold for $126,875.09, around 47.5000 in Ethereum tokens. Known for its unique accessories and vibrant color palette, this Punk appealed to a buyer looking to add a rare piece to their collection. It was held for 6 months before the sale. Moreover, the seller was 2.punksotc.eth while the buyer was 0x2650b24b879e9ab23a4be210648a411bf02ab63e.
CryptoPunk 6345
CryptoPunk 1972 also made headlines with a sale price of $107,281.95, after being held for an undisclosed time. This Punk, with its distinct traits, was part of a high-stakes auction that saw intense bidding. The seller had a wallet address of 0xbbaf6df069adfcab1a13af21d12064e4f5ea41af while the buyer was 0xe0cc6ab3c0b5c12c53836a4b94589be4a857317b.
Conclusion
CryptoPunks NFTs are among the collections to watch in the next few weeks after recording a massive increase in sales, reaching over $7 million in a week. Although there was a slight decrease in the number of hold times, buyers and sellers increased, surpassing over 20% each. In the next few weeks, all eyes will be on CryptoPunks to see if it continues this trend or if DMarket or other NFTs will take over in weekly sales.
Cover Image from Microsoft Designer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
