CryptoPunks Continues Run Following Yuga Labs Announcement

CryptoPunks Continues Run Following Yuga Labs Announcement

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

 

More about CryptoPunks

One of the most iconic NFT collections of all-time, CryptoPunks was developed by Larva Labs and released in 2017 as a free-to-claim experiment. CryptoPunks, along with the Bored Ape Yacht Club led the NFT bull run of 2020 and helped bring digital collectibles to the mainstream through high profile auctions and celebrity onboarding. In 2022, Larva Labs sold the intellectual property of CryptoPunks to Yuga Labs, who created the Bored Ape Yacht Club.

At the time of publish, the CryptoPunks floor price sits at 63.95 ETH, and has stayed relatively flat over the past 24 hours on 1121 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 3 NFTs and 1 sharp wallets have bought 5 NFTs in the CryptoPunks collection. Catch up on other recent CryptoPunks news here.

Recent CryptoPunks Sales

#7294sold at 12/06 11:12pm for
90.0
#4871sold at 12/06 11:12pm for
71.0
#4871sold at 12/06 10:12pm for
68.8
#3926sold at 12/06 10:12pm for
72.0
#2389sold at 12/06 9:12pm for
85.0

Recent CryptoPunks Listings

#1306listed at 12/07 3:12am for
68.0
#1676listed at 12/07 3:12am for
70.0
#1306listed at 12/07 3:12am for
69.0
#6157listed at 12/07 3:12am for
68.3
#7361listed at 12/07 3:12am for
77.5
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.
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