News Formal

CryptoPunks tops weekly charts as it surges by 558% amid a recouping NFT market

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

CryptoPunks is in the news again, however, this time after the NFT collection has had a brilliant week. The famed NFT collection is topping several charts on Crypto Slam. CryptoPunks continues to tread above the BAYC collection in the current rankings as we recovery in markets. Punks is the word! The CryptoPunks collection is back […]

a huge increase in transactions from “Punks OTC” in the past 30 days. The largest transaction during this period was for a CryptoPunks NFT worth 120 ETH .NFT OTC trading has also been gaining popularity in the NFT space recently. It allows buyers to acquire their selected NFTs for little or no fees. Other than this, NFT Finance protocols are also becoming attractive to holders and prospective buyers.

Coming back to CryptoPunks, the collection is currently heading the daily and weekly NFT sales volume charts. As per Crypto Slam, the daily chart has seen a 391% increase in sales amounting to $7.11 million. The recent surge on CryptoPunks is reflective of the overall growth of the NFT market in recent weeks. The crypto carnage in the second quarter has been difficult for the NFT market with prices falling in a free-fall.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BlackRock second-quarter inflows slow amid market turmoil - BNN BloombergBlackRock clients slowed the amount of money they poured into the firm’s core investment funds as markets cratered and inflation surged.
Source: BNNBloomberg - 🏆 83. / 50 Read more »