The NFT market is booming again, with total sales volume increasing 10.44% to $136.5 million. At the forefront of this boom is the CryptoPunks collection, experiencing a surge in sales and general market movement. With a handful of high-value CryptoPunks changing hands recently, boosting the average price and sparking a resurgence of interest in the collection.
CryptoPunks has led the space in growth on all of the major indicators. Transaction volume in Arizona increased by 25%. The number of buyers increased by 12.5% and the number of sellers increased by 14.29%.
Of those high profile sales, CryptoPunk #1831 sold for 150 ETH ($389,846). Just like that, CryptoPunk #9778 traded hands for the equivalent of 150 ETH, or $377,958. Read the fascinating backstory on how CryptoPunk #4868 sold for 76.5 ETH ($201,933). Other big sales were CryptoPunk #5586 at 70.07 ETH ($185,292) and CryptoPunk #7516 at 60 ETH ($158,378).
This uptick in the CryptoPunks market is part of a larger wave of NFT mania that has returned in 2023. Honest Beauty As a whole, the collection is up 26% in sales. This latest boom could be due to growing buyer confidence in the crypto space, but thanks to emerging and more practical applications of NFTs.
