Punks, Bored Apes Floor Prices Converging Again

Punks, Bored Apes Floor Prices Converging Again

The floor prices for Bored Ape Yacht Club and CryptoPunks are once more converging according to the Lucky Trader project rankings page. 

In the last month, the CryptoPunks floor price has increased by two percent to 66.19 ETH, while the Bored Ape floor price has dropped more than 14 percent to 71 ETH at the time of writing.

The CryptoPunk collection most recently flipped Bored Apes in August, but the moment only lasted for about 45 minutes. 

Since that brief flippening, Apes have maintained a comfortable position when compared to Punks, but over the last month, the collections have been trending in opposite directions. 

Both collections have been in the headlines since that time as well. 

Notable CryptoPunk collector Seedphrase has traded multiple Punks for more than $1 million in the last month, and earlier today he received an offer of more than $1.79 million on his seven-trait Punk. 

While the Bored Ape headlines have been equally attention-grabbing, the tone is perhaps a bit more negative. Earlier this week it was announced that the staking launch for ApeCoin, the ecosystem's native token, would be officially delayed. 

Plus, word leaked recently that the Yuga Labs founding team was under probe by the SEC for the potential sale of unregistered securities.

The debate about which collection reigns supreme has subsided since the Yuga Labs' acquisition of the CryptoPunks collection, but the top PFP collection by floor price is still a desirable title. 

For now, Apes hold the edge and also lead in our Lucky Trader Power 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 62 ETH, and has stayed relatively flat over the past 24 hours on 261 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 1 NFTs and no sharp wallets have bought NFTS in the the CryptoPunks collection. Catch up on other recent CryptoPunks news here.

Recent CryptoPunks Sales

#7008sold at 12/02 1:12pm for
79.0
#9080sold at 12/02 1:12pm for
75.0
#7386sold at 12/02 1:12pm for
104
#7008sold at 12/02 1:12pm for
70.0
#593sold at 12/01 11:12pm for
130

Recent CryptoPunks Listings

#7386listed at 12/02 1:12pm for
104
#9080listed at 12/02 1:12pm for
75.0
#2215listed at 12/02 1:12pm for
95.0
#7008listed at 12/02 1:12pm for
79.0
#7008listed at 12/02 1:12pm for
70.0
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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