CryptoPunks Continues Run Following Yuga Labs Announcement

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Yesterday, the market saw CryptoPunks reassert dominance as the project had by far the most volume of any NFT collection and saw its floor price go from under 50.0 ETH to sitting at its current price of 66.65 ETH according to the Larva Labs website.

Following today's announcement from Bored Ape Yacht Club Co-Founder @CryptoGarga where he said Yuga Labs will begin transferring commercial rights to CryptoPunks holders, speculation has begun that the market's recent positive reaction to CryptoPunks was based on the news of this announcement.

Regardless of the reasoning, CryptoPunks has done over 8,000 ETH in trading volume in the last 24 hours, which is over $8 million dollars.

For reference, this is more volume than Bored Ape Yacht Club, Moonbirds, Mutant Ape Yacht Club, Otherside, Clone X, Azuki, Doodles, and World of Women have done combined in the same time span 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.