The CryptoPunks NFT collection experienced a 400% increase in sales last week, with a total of $7 million in sales.
The number of purchasers and vendors has increased over the past week, resulting in an increase in the sales of blue-chip NFT collections.
Investors are searching for alternative opportunities within the crypto ecosystem, particularly as traditional cryptocurrencies such as Bitcoin and Ethereum exhibit signs of consolidation. Consequently, the volume of NFT sales has increased.
As per the latest data from CryptoSlam, the volume of NFT sales has increased by approximately 13% to $92 million in the past week.
The quantity of customers and vendors has also increased significantly in the past week, with each figure increasing by over 75%.
Data from CryptoSlam further demonstrates that the recent surge has primarily benefited blue-chip NFT collections.
For instance, the CryptoPunks NFT collection experienced a 400% increase in sales last week, with a total of $7 million in sales.
Similarly, Bored Ape Yacht Club experienced a sales increase of over 63%, with an estimated $3.5 million in revenue.
In the past week, sales volume for other significant collections, such as Ordinals, Solana Monkey Business, MCSuperUser, and Mutant Ape Yacht Club, increased by 320%, 113%, 1,409%, and 7%, respectively.
In the past week, Ethereum-based NFTs experienced the maximum level of activity in the context of blockchains, with a sales volume exceeding $34 million, a 40% increase.
The sales volume of Solana-based NFTs is $18.5 million, representing a 12% increase from the previous week.
It is also important to mention that the floor price of blue-chip NFTs has recently increased. As per the NFT Price Floor data, the floor price of CryptoPunks has increased by 29% in the past week, reaching 28.15 ETH.
The floor price of Bored Ape Yacht, Pudgy Penguins, Azuki, and Mutant Ape has also increased by 29%, 9%, 13%, and 17%, respectively.
The NFT floor value is the lowest value at which an NFT in a particular collection can be acquired.
Although the NFT market has recently experienced a modest recovery, it remains situated at the bottom of the market in comparison to the highs of 2021.
Recently, a CryptoPunk NFT was sold for $23.2 million in 2022 and subsequently resold for 1,500 ETH at an 80% discount, resulting in a value of approximately $3.9 million.
The NFT was formally bid farewell to by its original proprietor, Deepak Thapliyal, who acquired it for 8,000 ETH on X (formerly Twitter).
The new buyer, VOMBATUS, subsequently verified the purchase, equating the low price to receiving a “free” token.
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