CryptoPunks Overtake to Become Second Biggest NFT Collection with Transactions Rising by Nearly 20%

In the last 24 hours, CryptoPunks have experienced a surge in buying activity, with the floor price rising to 42 ETH per NFT.

Data from its official website indicates that the Yuga Labs-supported NFT collection has recorded 19 unique sales of its pixelated avatar heads over the past day. This recent uptick in CryptoPunks transactions has led to an 18.75% increase in overall sales, positioning the NFT collection as the second largest, according to findings from CryptoSlam.

The highest purchase in the last 24 hours is CryptoPunk #2301, featuring an avatar with an eyepatch and hoodie, which sold for 115 ETH (approximately $235,190 at today’s prices).

At the time of reporting, the floor price for CryptoPunks stands at 42 ETH. This represents a 5% increase from the previous day, when the floor price was below 40 ETH. Earlier today, the floor price temporarily dipped to 39.39 ETH.

Within the past 24 hours, total sales of CryptoPunks NFTs have reached 915.37 ETH. At current market values, this translates to over $1.8 million. Ethereum is presently trading at $2,060, as reported by crypto.news.

Over the past month, sales for the NFT collection have risen by nearly 20%, indicating a positive trend. However, despite the spike in buying activity, daily trading volume has decreased by 21.8%. The market cap currently stands at 419,748 ETH, roughly equivalent to $865 million.

In the last week, the Yuga Labs-endorsed collection has dominated top NFT sales, highlighted by the sale of CryptoPunk #2967 for $843,070 on March 23.

Launched in 2017, CryptoPunks is an NFT collection featuring 10,000 unique pixel art avatars that can be minted on the Ethereum blockchain. In October 2024, publishing company Phaidon released an 800-page compendium documenting all 10,000 Punks ever created. The book, titled “CryptoPunks: Free to Claim,” was authored and assembled by creative director Zak Kyes in collaboration with Yuga Labs.