CryptoPunks Market Report (Nov. 1, 2022)

CryptoPunks Market Report (Nov. 1, 2022)

CryptoPunks has seen a massive uptick in total volume traded over the last 24 hours, but the floor price remains steady, according to Lucky Trader's NFT volume tool.

There have been 13 sales day-over-day for 981 ETH, a 42 percent increase from the day prior. Additionally, 6 out of 13 of those sales were purchased at a two percent or higher premium, according to DeepNFTValue.

The sales are as listed:

CryptoPunk # % Off DeepNFTValue Estimate
8902 0.38%
6785 6.59%
8542 0.74%
2841 0.15%
1281 2.62%
8288 0.15%
5579 5.70%
4176 -3.77%
6299 -1.58%
9356 5.60%
8656 -0.91%
2689 2.02%
4789 4.43%

 

The project's floor price remains 66.79 ETH, a 0.03 percent decline day-over-day.

CryptoPunks is currently the No. 2 ranked project on Lucky Trader's NFT Power Rankings, trailing only Bored Ape Yacht Club (BAYC), which has seen a decline of nearly 10 percent in floor price over the last 24 hours.

The flip-back-en-ing is a real possibility. If Punks flip Apes in floor price, the collection likely also flips BAYC on Lucky Trader's NFT Power Rankings due to its historical relevance and price resilience.

All eyes are on the Federal Open Market Committee (FOMC) meeting today, followed by Jerome Powell's announcement. Expect ETH volatility, which could bleed over into the CryptoPunks and BAYC markets.

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 492 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 1 NFTs and 2 sharp wallets have bought 2 NFTs in the CryptoPunks collection. Catch up on other recent CryptoPunks news here.

Recent CryptoPunks Sales

#6588sold at 12/08 12:12am for
64.4
#1456sold at 12/07 8:12pm for
68.5
#2567sold at 12/07 6:12pm for
84.9
#2848sold at 12/07 6:12pm for
65.0
#5781sold at 12/07 5:12pm for
69.7

Recent CryptoPunks Listings

#5766listed at 12/08 3:12am for
65.0
#2173listed at 12/08 2:12am for
65.0
#7115listed at 12/08 2:12am for
65.0
#8078listed at 12/08 2:12am for
65.0
#6157listed at 12/08 2:12am for
67.4
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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