Owners of CryptoPunks, Otherdeed, and Meebits Hold on to Assets Despite NFT Market Contraction

By Bitro Conwell Aug 25, 202345Views

, , ,

CryptoPunks, Otherdeed, and Meebits Holders Holding on to NFT Assets

Despite the recent contraction in the NFT market, owners of CryptoPunks, Otherdeed, and Meebits are not selling their assets. Here are the key points:

Over 75% of major collections have not been traded, with 91% of all CryptoPunks remaining unchanged in the past eight months.
89% and 84% of Meebits and Otherdeed NFTs have also not changed hands.
The floor prices of top collections rose to record highs in late 2021 and early 2022.
Despite the drop in trading volumes, owners of CryptoPunks are holding onto their limited assets in 2023.
The number of unique Ethereum NFT transfers has significantly decreased since July 2022.

Hot Take: The resilience of CryptoPunks, Otherdeed, and Meebits holders in holding onto their assets despite market fluctuations indicates a strong belief in the long-term value of these NFT collections.

Read Disclaimer

This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Tags:

Bitro Conwell

Bitro Conwell stands as an intellectual architect, weaving together the roles of crypto analyst, meticulous researcher, and editorial virtuoso with finesse. Amidst the digital intricacies of cryptocurrencies, Bitro's insights resonate harmoniously with seekers of all stripes, showcasing a profound understanding. His ability to untangle the most complex threads within the crypto landscape seamlessly pairs his their editorial finesse, transforming intricacy into an artful tapestry of comprehension. Guiding both seasoned pioneers and curious newcomers, Bitro's insights forge a compass for astute decision-making within the ever-evolving cryptoverse. With the craftsmanship of a linguistic artisan, they craft narratives that enrich the evolving chronicle of the crypto cosmos.