CryptoPunks Are Leading the Charge Today

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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.

Author Bio

Cameron Ciletti

Cameron Ciletti is an NFT Analyst for Lucky Trader with over four years of writing experience ranging from fantasy sports to NFTs. Cameron is very keen on CC0 NFTs as he believes free usage rights aligns with the values of what Web 3 is trying to accomplish. Cameron is also a big advocate for mental health awareness as he has Bipolar disorder and wants others to know they are not alone in their struggles with mental health. Outside of NFTs, he enjoys playing the board game Catan competitively and the video game Rocket League.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.