Tim Ferriss's COCKPUNCH NFT Sees $2.5M In First Hour of Trading
Tim Ferriss's NFT project COCKPUNCH has officially minted out its supply of 5,555 NFTs this afternoon.
COCKPUNCH has notably done over 2,000 ETH volume in the first hour of secondary trading, with the current floor at 1.4 ETH. The project boasts a 71 percent unique ownership distribution and currently has 11 percent of the supply listed.
The project did surprisingly make it to its 2nd phase for Waitlist, as the 10 percent oversubscribed Allowlist did not fully mint out the supply. There were around 300 NFTs left for the Waitlist, which were gone in seconds once that mint window opened at 2 p.m. ET.
The first few minutes of trading were very volatile, with the floor going as low as 1 ETH before rebounding all the way close to 2 ETH, before settling in the mid-1 ETH range.
Tim commented on the action in "cock"-y fashion, tweeting "Oh, hello, @cryptopunksnfts. It's very nice to see you," along with an image of the top trending projects on OpenSea showing COCKPUNCH above Punks in volume.
The project reveal will take place this Friday, time TBD.
For more information on the project, check out our full guide.