Ethereum NFT Sales Jump 75% Today, After Another Punk Sold For Nearly $1M

Updated: 13 May 2024

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The non-fungible token market, which once witnessed an unprecedented surge in popularity and sales, capturing the imagination of creators and crypto investors alike, is now undergoing a brutal natural correction. Despite the recent NFT market downturn, which has left the majority of NFT floor prices tumbling, many crypto investors still consider NFTs viable investments.

CryptoPunk #741 Sells For +$700K

On May 12, 2024, CryptoPunks Bot, an on-chain bot tracking trading sales and all bids for cryptopunks on the Ethereum blockchain, confirmed that CryptoPunk #741 sold for 270 ETH, equivalent to $790,959.This notable NFT sale indicated that NFTs are still worth investing in 2024. The Punk sale has pushed Ethereum NFT trading sales volume up 75% today.

Punk 741 bought for 270 ETH ($790,959.59 USD) by 0x205a46 from 0xcca6db. https://t.co/YNqf6KlJaN #cryptopunks #ethereum pic.twitter.com/xMd8gfrQGU

— CryptoPunks Bot (@cryptopunksbot) May 12, 2024

The CryptoPunk #741 sales appeared just a few hours after another trader bought a CryptoPunk #7127 for 300 ETH, equivalent to $873,419. Moreover, these two notable punk sales also occurred less than a month after another crypto trader spent 4,000 ETH, equivalent to $12.4 million, to buy another Punk.

Punk 7127 has a new bid of 300 ETH ($873,419.97 USD) placed by 0x0232d1. https://t.co/IfgK22NoJD #cryptopunks #ethereum pic.twitter.com/LfAdFIg674

— CryptoPunks Bot (@cryptopunksbot) May 11, 2024

Data compiled by CoinGecko.com, an on-chain crypto market aggregator and multi-chain NFT explorer, shows that the trading sales volume for the CryptoPunk NFT collection has spiked today by 308% due to the recent mega punk sale alongside other NFT sales. In the past 24 hours, the CryptoPunk NFT collection has amassed a trading sales volume of 420 ETH, equivalent to over $1.2 million.

Launched in 2017, CryptoPunk is a non-fungible token collection previously from the digital asset firm Larva Labs that features a limited set of 10,000 pixilated NFTs hosted on the Ethereum network. Today, the CryptoPunks NFT collection is owned by the Bored Ape and Mutant Ape NFT creator Yuga Labs.

Five Top Selling NFTs Today

Azuki, a non-fungible token collection from the digital asset firm studio Chiru Labs featuring a limited set of 10,000 NFT collections hosted on the Ethereum network, and Pudgy Penguins, a non-fungible collection from the toy brand Pudgy Penguins featuring a fixed set of 8,888 NFTs, are today the top and second most-selling NFT collections. In the past 24 hours, the Azuki NFT has amassed a sales volume of 580 ETH, while the Pudgy Penguins has recorded a trading sales volume of 458 ETH.

Source: Coingecko.com, Top Selling NFTs by daily sales volume

CryptoPunks and Mutant Ape Yacht Club are today’s third and fourth most-selling non-fungible token collection. In the past 24 hours, the CryptoPunk has amassed a trading sales volume of 427 ETH, while Mutant Ape Yacht Club, an NFT collection of the digital asset firm Yuga Labs featuring 20,000 NFTs, has recorded a trading sales volume of 367 ETH.

Lastly, the Bored Ape Yacht Club, another non-fungible token collection from the digital asset firm Yuga Labs featuring a limited edition of 10,000 NFT collections, is today’s fifth most-selling NFT collection. In the past 24 hours, the Bored Ape Yacht Club NFT collection has recorded a sales volume of 333 ETH, closing our five top-selling NFT collections today.