In the last 24 hours, there has been a significant uptick in transactions for CryptoPunks as its floor price reaches 42 ETH per NFT.
As per the metrics available on its official platform, this Yuga Labs-supported NFT collection has experienced 19 sales of its distinctive pixelated avatar heads within the past day. This recent activity has led to an 18.75% increase in transaction volume, positioning the NFT collection as the second largest in terms of sales, according to CryptoSlam data.
During this 24-hour period, the highest sale recorded is CryptoPunk #2301, featuring an avatar wearing an eyepatch and a hoodie, which was sold for 115 ETH (ETH), translating to $235,190 at the current exchange rate.
At the time of reporting, the floor price for CryptoPunks stands at 42 ETH. This figure has risen by 5% compared to the previous day when it was still below 40 ETH. Earlier today, the floor price momentarily dropped to 39.39 ETH.
In the last day, the overall sales volume for CryptoPunks NFTs has hit 915.37 ETH, which, based on current market valuations, amounts to over $1.8 million. Ethereum is trading at $2,060 according to data from crypto.news.
Over the past month, NFT sales from this collection have increased by nearly 20%, indicating a positive trend. However, despite the surge in buyer interest, the daily trading volume has noticeably declined by 21.8%. The market cap currently stands at 419,748 ETH, roughly equivalent to $865 million.
In the last week, this Yuga Labs-backed collection has dominated NFT collectible sales, including a notable sale of CryptoPunk #2967 for $843,070 on March 23.
Established in 2017, CryptoPunks comprises a collection of 10,000 unique pixel art avatars that can be minted on the Ethereum blockchain. In October 2024, publishing company Phaidon released an extensive 800-page book documenting all 10,000 Punks ever created. Titled “CryptoPunks: Free to Claim,” the book was authored and compiled by creative director Zak Kyes, in collaboration with Yuga Labs.