CryptoPunks Mania Continues as 24-Hour Volume Soars to $46M

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In Brief
  • CryptoPunks daily volume surged 667%

  • Two CryptoPunks sold for $5.45 and $3.76 million.

  • Reports indicate that entrepreneur Gary Vaynerchuk purchased CryptoPunk#2140.

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Popular NFT project CryptoPunks has seen a surge in sales, having recently hit over $46M in daily sales.

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CryptoPunks have seen a surge in activity in the past several days. More specifically, over the past twenty-four hours. The popular NFT project saw a 667% increase in volume as an onslaught of CryptoPunk sales took place between Friday and Saturday morning. 

The recent increase in volume sees the project clear the next biggest NFT project Axie Infinity (AXS) by nearly double the volume. 

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Source: Dappradar

Big sales on Friday 

Friday saw some big NFT sales occur, with the biggest sale being CryptoPunk#5217. The NFT sold for 2,250 ETH, or $5.45 million. American entrepreneur, Gary Vaynerchuk jokingly tweeted about the sale, saying, “this better not be Tom Brady or Michael Jordan.” Vaynerchuk also tweeted, “theres nothing like cryptopunks.”

According to the community, Vaynerchuk was the buyer of the second-largest sale on Friday, With CryptoPunk#2140 selling for 1,600 ETH, or $3.76M. Vaynerchuk’s buy means it is now the fourth most expensive CryptoPunk sale, with CryptoPunk#5217 becoming the third most expensive, according to LarvaLabs.

Within the last twenty-four hours, CryptoPunks made up 13 of the top 15 NFT sales. With the lowest priced of the 15 NFTs, seeing CryptoPunk#8010 selling for 135 ETH. CryptoPunk#8472 and #3831 both sold for well over $1 million. 

Source: DappRadar

CryptoPunk FOMO continues 

CryptoPunks continue to climb in price as celebrities and entrepreneurs continue to buy up the NFTs. Most recently, music artist Steve Aoki changed his Twitter profile to a CryptoPunk, likely one that he owns. 

Source: Twitter

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Ryan is a Fintech specialist with a passion for cryptocurrencies and blockchain adoption. A keen trader and investor in the market since 2016, he enjoys keeping up to date with the latest developments within the industry while finding the next 100x altcoin.

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