CryptoPunks’ Continued Dominance in NFT Sales

CryptoPunks has achieved a significant milestone, leading CryptoSlam’s daily non-fungible token (NFT) sales chart with a notable US$1.29 million on Wednesday. This marks the third consecutive day CryptoPunks has topped the sales rankings.

Despite CryptoPunks’ impressive performance, there is speculation within the community regarding a potential decline in the value of these iconic NFTs. Investor Deepak Thapliyal recently sold CryptoPunk #5822, which was previously valued at US$24 million. Although the exact sale price remains undisclosed, it is speculated that the transaction, which involved approximately 5,000 Ether (US$12.8 million), might have resulted in a loss.

Market Overview and Other Notable NFT Sales

On Wednesday, CryptoPunks saw 15 transactions involving 11 unique buyers and 13 sellers, with an average sale price of US$86,582. The day’s performance contributed to CryptoPunks’ all-time sales volume, which has now reached US$2.87 billion, placing it third in the NFT market.

In second place for the day, Bored Ape Yacht Club recorded US$861,724.21 across 26 transactions. Mythos Chain’s DMarket followed with US$738,879 in sales from a substantial 25,578 transactions. Pudgy Penguins secured fourth place with US$587,545 in sales. Guild of Guardians Heroes and Mutant Ape Yacht Club rounded out the top sellers with US$464,522 and US$433,094 in sales, respectively.

Ethereum (ETH), the blockchain platform hosting CryptoPunks, led all blockchains with US$6.46 million in sales.

Source : CryptoCurrencyNews - Aug 22, 2024