CryptoPunks Sees 270% Increase in Total Volume This Week

CryptoPunks Sees 270% Increase in Total Volume This Week

CryptoPunks, the longest reigning high-end NFT pfp project, saw an uptick of 270 percent this week in total volume traded, according to Lucky Trader's NFT Volume.

In the last seven days, CryptoPunks traded 7,750 ETH worth of NFTs across 55 sales. Sales are also up nearly 100 percent this week.

The CryptoPunks' floor price, however, is only up 1.56 percent over the last week to 64.95 ETH. This now trails Bored Ape Yacht Club (BAYC), the highest-priced NFT pfp project available, by more than 18 ETH. Over the same time span, BAYC has seen 3,094 ETH in total volume traded (+4%) across 34 sales (-3%).

CryptoPunks volume was bolstered by a 3,300 ETH sale of Punk #2924, which has both the ape and hoodie traits. This recent sale marks the fourth highest all-time in ETH and ninth highest all-time in USD ($4.45 million). 

At the end of August, CryptoPunks and Bored Ape Yacht Club were neck and neck for first place in pfp NFT floor price. For both, it has been a steep fall from bull run highs. CryptoPunks reached more than 120 ETH per NFT, and BAYC saw a floor price rocket past 100 ETH all the way to 150+ ETH earlier in 2022.

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 62 ETH, and has stayed relatively flat over the past 24 hours on 580 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 1 NFTs and 1 sharp wallets have bought 1 NFTs in the CryptoPunks collection. Catch up on other recent CryptoPunks news here.

Recent CryptoPunks Sales

#3915sold at 12/01 3:12pm for
65.0
#6362sold at 12/01 5:12am for
66.4
#2976sold at 11/30 10:11pm for
70.0
#9691sold at 11/30 9:11pm for
63.5
#9285sold at 11/30 9:11pm for
107

Recent CryptoPunks Listings

#7032listed at 12/01 1:12pm for
68.5
#2767listed at 12/01 1:12pm for
80.0
#5107listed at 12/01 12:12pm for
115
#2215listed at 12/01 11:12am for
100
#8285listed at 12/01 10:12am for
74.5
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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