- CryptoPunk NFT market surged by 50% over the last week.
- Also, the trading shot up 195.54%.
CryptoPunk NFT market surged by 50% over the last week, while trading shot up 195.54%.
This week, non-fungible tokens (NFT) took the art world by storm. NFT is a piece of data stored on a blockchain. Moreover, this blockchain confirms a digital asset to be unique and hence not interchangeable.
The race on CryptoPunk NFTs surged this week with daily trading volumes in the millions of dollars.
According to reports, the popular CryptoPunks NFT collection Larva Labs produces exploded over the past week by 50% thanks to several sales. In addition, the daily trading of popular digital art also increased. As a result, it was up 195.54% at the same time.
Based on reports, it seems like CryptoPunk is not ready to slow. Since yesterday, CryptoPunk sales are up 64% and volume 90%.
On top of that, the number of traders also grew by more than 50%. Notably, around 10,720 transactions over the last week. Among these transactions, 2,500 of those trades have been within 24-hours.
Even more, on July 30, user Snowfro sold CryptoPunk 5217 to an unknown buyer for $5.45 million. Meanwhile, CryptoPunk #2140 sold for $3.76 million to Gary Vaynerchuck and CryptoPunk #4458 Sold for 48 ETH ($132,661.44).
The NFT and CryptoPunk have caught people’s attention since March. It started when a graphic designer, Mike Winkelmann aka Beeple, sold an NFT for a record $69 million at a Christie’s auction. Also, when Jack Dorsey, the CEO of Twitter, sold his first tweet as an NFT for $2.9 million later that month.