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.
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