All of the major “blue chip” Ethereum NFT collections have seen a huge drop in value over the past couple of months due to the A wider cryptocurrency market crash?, and CryptoPunks This was also the case. However, the following was true: A pair of multimillion-dollar sales Even the cheapest items in the collection are priced at the same price. NFTs The project has seen a significant increase in activity over the past week.
On Sunday, the price floor for CryptoPunks—that is, the cheapest available NFT listed on a secondary marketplace—rose above $100,000 worth of ETH for the first time in two months, since May 18, according to data from Floor price for NFT. At the time of writing, CryptoPunks’ floor price is 84.85ETH or approximately $113,500.
In dollars U.S., CryptoPunks’ entry-level prices have risen by nearly 31% over the week. In part, that’s due to the Ethereum’s rising valueAccording to data from,, the price of a cigarette is up 27% in the past seven days. CoinGecko.
But that’s not the whole story here. CryptoPunks’ floor has risen by nearly 12% in ETH over the last week and almost 27% over the month. However, that’s not a market-wide trend for high-value NFTs.
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Take, for example, Bored Ape Yacht Club—which has a floor price of 94 ETH right now, or about $125,750—has seen its ETH price floor fall 5% over the past week. The USD floor has risen almost 11% thanks to the increasing value of ETH.
An NFT (Network for the Future) is a type of blockchain token that serves as a proof of ownership to an item, often digital goods like profile pictures—as in this case—as well as artwork, collectibles, and video game items. NFT is the market It grew to $25 Billion With the 2021 trading volume, this is estimated to be worth approximately $2.5 billion Additional $20 billion That total for 2022 has been added.
CryptoPunks is one the most popular projects in this space. Larva Labs created the collection in 2017. They initially offered the NFTs free of charge. The project has been a success. Since then, the collection has become a status symbol in crypto industry players. The collection has accumulated more than $2.3B in trading volume, which includes a Record sale of $23.7 Million (8,000 ETH), February
This week’s price climb follows a pair of multi-million-dollar CryptoPunks sales. One Sold for more than $2.6 million (12,500 ETH) July 13th, while another For $3.3 million (2,691 ETH) two days later. Both avatars are rare and only 10,000 profiles pictures were available. Rank among the top five On-chain CryptoPunks sales measured in ETH
CryptoPunks are still losing significant value despite a floor price of $113,500. The floor reached a peak price of $260,000 in 2022 on January 3 and has remained at $241,000 since April 4. Like the Bored Apes, and other popular NFT collection, however, Prices plummeted as the cryptocurrency market crashed.
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CryptoPunks has been long considered to be the most valuable NFT profile image project, until last December when the Bored Ape yacht club has surpassed its floor-price. According to CryptoSlamBoth projects are close in terms of total secondary trading volume. Each collection has approximately $2.33 Billion.
In March, Bored Ape creator Yuga Labs CryptoPunks IP rights purchased Larva Labs was the original creator. This project brings together two popular projects. Yuga Labs allows CryptoPunks owners to sell their images. As with the Bored ApesThe remedy This is a long-standing point in dispute Some Punks owners.