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NFT

CryptoPunks jump to second largest NFT as transactions rise nearly 20%

By admin
0 23

CryptoPunks jump to second largest NFT as transactions rise nearly 20%

In the past 24 hours, CryptoPunks have seen a flurry of buying activity as its floor price climbs to 42 ETH per NFT.

According to data on its official site, the Yuga Labs-backed NFT collection has seen 19 sales of its unique pixelated avatar heads in the past 24 hours. The recent surge in CryptoPunks buyer activity has brought the number of transactions up by 18.75%, bringing the NFT collection to the second largest spot, according to data from CryptoSlam.

So far, the top purchase in the past 24 hours is CryptoPunk #2301, showcasing an avatar with an eyepatch and a hoodie that was purchased at a price of 115 ETH (ETH) or $235,190 at current prices.

At press time, the floor price for CryptoPunks sits at 42 ETH. The number has increased by 5% compared to the day prior, when its floor price was still below 40 ETH. Earlier today, its floor price dipped lower to 39.39 ETH.

CryptoPunks jump to second largest NFT as transactions rise nearly 20%

Price chart for CryptoPunks’ floor price in the past 24 hours, 25 March 2025 | Source: CoinGecko You might also like: NFT sales slip 7.8% to $109m, CryptoPunks sales reverse 55%

In the past 24 hours, the total sales of CryptoPunks NFTs has reached 915.37 ETH. According to current market prices, today’s total sales are equal to more than $1.8 million. Ethereum is currently trading hands at $2,060 according to data from crypto.news.

In the past month, the NFT collection sales has gone up by nearly 20%, indicating an upward trend. However despite the recent rise in buyer activity, its daily trading volume has evidently gone down by 21.8%. Its market cap currently sits at 419,748 ETH or equal to around $865 million.

In the past 7 days, the Yuga Labs-backed collection has occupied the top NFT collectible sales, with CryptoPunks #2967 valued at $843,070 that was sold on March 23.

Launched in 2017, CryptoPunks is an NFT collection which consists of 10,000 unique pixel art avatars that traders can mint on the Ethereum blockchain. In October 2024, publishing firm Phaidon released an 800-page book that documents all 10,000 Punks ever created. The book titled “CryptoPunks: Free to Claim” was written and compiled by creative director Zak Kyes, web3 lifestyle in partnership with Yuga Labs.

Read more: CryptoPunks collection to be featured in 800-page book documenting phenomenal rise

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