Cryptopunks Sales Up 112% In A Month

The well-known collection of non-fungible tokens (NFTs) CryptoPunks has shown a significant increase in sales over the past month as of July 19, 2022. This happened despite a general decline in interest in the industry.

Over the past 30 days, that figure was over $63 million, up about 112%, according to data aggregator DappRadar. The minimum price per item of the collection and the market capitalization of assets also rose, increasing by 192% and 96%, respectively.

According to experts, the growth of interest in CryptoPunks is due to the fact that the collection attracted the attention of investors with several large transactions. Last week, one of the NFTs was sold for 2,500 ETH worth $3.78 million, and the other for 2,691 ETH ($4 million).

At the same time, the volume of trade-in items from other virtual collections failed to please the community with good results. According to DappRadar, Bored Ape Yacht Club (BAYC), Otherdeed, and Mutant Ape Yacht Club (MAYC) collections have seen significant sales drops of 33%, 37% and 36%, respectively, over the past month. At the same time, the average price of items in these collections increased by about 81%, 111% and 74%.

Data from another service, NonFungible, showed that the total volume of NFT transactions over the past month has fallen by about 63% worldwide. The current situation has had a negative impact on the main trading floors. Average daily trading volume on OpenSea fell to $837,000, falling below $1 million for the first time in 12 months.

Leave a Reply

Your email address will not be published. Required fields are marked *