cryptocurrency trends

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cryptopunk

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NFT prices crumble as crypto market enters downturn

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Quick Take NFT prices and sales volumes are falling amid a rout in crypto markets. CryptoPunks and Bored Ape Yacht Club collections have seen their floor price plunge. Prices of non-fungible tokens (NFTs) have declined this week as the TerraUSD (UST) algorithmic stablecoin’s de-pegging heaps pressure on cryptocurrency markets.  The popular Bored Ape Yacht Club (BAYC) has seen its floor price — a measure of the cheapest NFT in the collection – drop by 25% over the past week to …

Highest ever CryptoPunk sale occurs for $24 million

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A rare CryptoPunk sold for 8,000 ETH ($23.7 million USD) on February 12, making it the highest-selling CryptoPunk to date.  The punk that sold was CryptoPunk #5822. It’s not only one of nine aliens in the collection of 10,000 NFTs but it’s also one of 333 to wear a bandana. Deepal Thapliyal, CEO of the blockchain tech startup Chain, now owns this CryptoPunk. He collects other non-fungible tokens (NFTs) and even bought a rare Mutant Ape Yacht Club serum for …

Bored Ape Yacht Club NFTs flip CryptoPunks in terms of floor price

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The floor price of Bored Ape Yacht Club (BAYC) NFTs has flipped that of Larva Labs’ CryptoPunks for the first time. The floor price is the lowest price at which a type of NFT is currently available for sale. The current floor price of a BAYC NFT is 53.9 ETH ($215,350), whereas the floor price of a CryptoPunk NFT is 52.69 ETH ($210,515). Why is this significant? The flip is significant because BAYC NFTs are much newer to the market than …

For sale: a CryptoPunk with an NFT data business attached

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DeGenData.eth, a data provider for non-fungible tokens (NFTs), is being put up for sale — and its operators are breaking new ground by tying the purchase to a particular CryptoPunk NFT. As outlined in a tweet thread on Monday, the CryptoPunk in question, #5671, will be offered for sale starting January 1. “The new owner of this Punk will have the rights to claim DegenData product and assets.” “We see the lines of what NFTs are beginning to blur. Digital …

A rare CryptoPunk has sold at a record $10.2 million

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Someone purchased a rare CryptoPunk for 2,500 ETH — worth more than $10.2 million as of publication — on the Larva Lab’s native CryptoPunk marketplace.  The Punk sold was #4156. It’s a rare Ape Punk in which there are only 24 in a collection of 10,000 items.  CryptoPunk #4156, purchased for 2,500 ETH (over $10.2 million). To be sure, this is not the most expensive CryptoPunk ever sold. The most expensive Punk sold for over $11.8 million in June of …