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|
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.