CryptoPunks NFT Sells for $1.14 Million in Largest Single Sale
A recent sale of a CryptoPunks NFT has set a record as the largest single NFT sale in the past week and the second-largest in the last month. The sale, which involved CryptoPunk #7458, took place on November 6 at Larva Labs. Interestingly, the buyer’s address is relatively new and had received 360 ETH from a Coinbase address just two hours before purchasing the NFT.
CryptoPunks Collection Dominates NFT Sales
The sale of CryptoPunk #7458 has significantly contributed to the overall sales volume of the CryptoPunks collection, which has reached an impressive $4 million across 29 transactions in the past 24 hours. The collection has seen a remarkable 1,929% increase in sales volume. In fact, within the top ten sales in the past day, up to seven were attributed to CryptoPunks. Additionally, out of the top 35 sales, 29 were CryptoPunks.
Renewed Interest in NFTs?
The recent surge in sales has sparked speculation about renewed interest in NFTs after a period of apathy among market participants. Yesterday alone, 18 unique CryptoPunks NFTs were sold, marking the largest intraday sale since March.
CryptoPunks Market Outperforms OpenSea
According to data from DappRadar, the CryptoPunks market boasts a higher sales volume than popular NFT marketplace OpenSea. In the last 24 hours, OpenSea recorded a volume of $2.92 million, while CryptoPunks generated $9.61 million in sales volume.
Hot Take: CryptoPunks NFT Sets Record with $1.14 Million Sale
The recent sale of a CryptoPunks NFT for $1.14 million has made headlines as the largest single NFT sale in the past week. This record-breaking sale highlights the growing popularity and value of NFTs, particularly within the CryptoPunks collection. With the collection dominating NFT sales and experiencing a significant increase in volume, it suggests a renewed interest in NFTs after a period of disinterest. The CryptoPunks market has even outperformed major platforms like OpenSea in terms of sales volume. This latest sale serves as a reminder of the potential financial opportunities and excitement surrounding the world of NFTs.
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