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CryptoPunks Continue to Lead the NFT Market

Sep 10, 2024
  1. Punk #9368 Sells For $1.2 Million
  2. Unstoppable Growth of CryptoPunks NFT
  3. The Success Story of CryptoPunks

The global non-fungible token market has faced significant downturns, leaving many crypto and NFT holders with massive losses. Despite this, CryptoPunks continue to lead among NFT collections, marking exceptionally high sales.

Punk #9368 Sells For $1.2 Million

According to data from CryptoSlam.io, Punk #9368 was sold for over $1.2 million just eight hours ago. This notable sale has fueled the daily sales volume for the CryptoPunks series up by 581%, surpassing $2.8 million.

Punk 9368 bought for 550 ETH ($1,265,786.46 USD) by 0x9045de from 0x0232d1.None

Unstoppable Growth of CryptoPunks NFT

This noticeable surge in CryptoPunks NFT sales volume, along with sales from other collections within the Ethereum ecosystem, has driven the Ethereum NFT sales volume up by 120% in the past 24 hours. Over the last 24 hours, Ethereum-based NFT collections amassed a trading volume of $5.7 million, a 41% increase from the previous day.

The Success Story of CryptoPunks

CryptoPunks began their rise to glory during the historic 2021-2022 bull market. Since then, the collection has grown to become a premium level in the NFT market, with some rare items selling for millions of dollars. The collection was created in June 2017 by Larva Labs and was later sold to Yuga Labs.

Despite current market challenges, CryptoPunks continue to set new records in the NFT world, attracting attention and maintaining high sales even amidst volatility. This provides hope for future growth opportunities and resilience in the non-fungible token market.

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