Popular non-fungible token (NFT) collection CryptoPunks has witnessed a substantial rise in product sales in the last month regardless of the downturn within the broader NFT market.
In the last thirty days, CryptoPunks has recorded over USD 63m in product sales, up by around 112%, according to NFT data aggregator DappRadar. The collection’s floor cost and market capital also have seen an uptick, rising by around 192% and 96%, correspondingly.
The restored curiosity about CryptoPunks may come as the gathering managed get noticed with major sales. A week ago, an NFT of the category offered for ETH 2,500, worth USD 3.78m at current rates, while a different one offered for ETH 2,691 (USD 4m), marking the biggest NFT purchase from the last thirty days over the entire market.
Meanwhile, other blue-nick NFT collections haven’t been as lucky as CryptoPunks.
Yuga Labs‘ Bored Ape Yacht Club (BAYC), Otherdeed, and Mutant Ape Yacht Club (MAYC) have experienced significant drops in sales volumes in the last month, close to 33%, 37%, and 36%, correspondingly, based on DappRadar. Particularly, the ground cost famous these collections has witnessed a lift, growing by around 81%, 111%, and 74%, correspondingly.
Data by NonFungible shows the overall NFT product sales has started again its downturn in the last month, with the amount of sales shedding by around 63% to 9,000 and purchasers volume in USD plunging by greater than 87%. Secondary and primary sales, unique consumers, active market wallets – they all are lower between 40% and 88%.
The present NFT plunge has additionally adversely affected major marketplaces. As reported, OpenSea‘s daily buying and selling volume had dropped close to USD 837,000 on June 25, plunging to below USD 1m in at least a year. The main marketplace’s buying and selling volume has slightly elevated since, reaching USD 14.5m in the last 24 hrs.
Particularly, because the bulk most of NFTs cost in ETH, the growing ether prices can offer a lift towards the overall NFT buying and selling volume. At 8:23 UTC on Tuesday morning, ETH is buying and selling at USD 1,515, up 2.2% per day or more 38% per week – standing because the best weekly artist one of the top ten coins by market capital.