CryptoPunks Are Leading the Charge Today
In the last 24 hours, we have seen Ethereum ($ETH) break blow $1,000 and Bitcoin break below $20,000 for the first time in more than a year, making market participants feel like the sea of red is seemingly never-ending.
In the same 24-hour span, we have seen CryptoPunks, an NFT project that has been credited for kickstarting the PFP (profile picture) mania and a collection many users once believed was the clear-cut best NFT project lead in volume by a wide margin.
CryptoPunks have done 3,320.0 ETH worth of trading volume during this time span which is north of $3 million dollars, an increase of more than 150 percent according to the Larva Labs website.
This is more volume than other "blue-chip" projects such as Bored Ape Yacht Club, Mutant Ape Yacht Club, Moonbirds, and Azuki have done combined in the same 24-hour window according to the Lucky Trader Project Rankings.