CryptoPunks Floor Price Surges by 15% to Reach $175,000
The floor price for CryptoPunks has seen a significant increase, rising by 15% to reach $175,000. This surge in price is attributed to a recent transaction where a single trader purchased 76 NFTs for a total of $13.5 million, causing the trading volume to skyrocket by 11,000%.
Impact of Ethereum Strength on Blue-Chip NFTs
Market analysts speculate that the recent strength of Ethereum ($ETH) has had a positive effect on high-value NFTs like CryptoPunks. The surge in prices indicates a growing interest in blue-chip NFT assets as investors seek profitable opportunities in the crypto market.
Despite previous concerns, the recent performance of CryptoPunks demonstrates that this sector of the NFT market is still thriving and attracting significant investment.
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