An NFT Investor Has Bought A CryptoPunk For $16M

An NFT Investor Has Bought A CryptoPunk For $16M – NFT Sales Jump 53% Today

Updated: 21 March 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

The non-fungible token market has recorded some positive growth today after a crypto investor bought a Cryptopunks NFT collection for over $16 million. The recent NFT mega sales show that crypto investors are still willing to make huge investments in the NFT market despite the nascent sector facing a slight market downturn in the past several weeks.

Punk 7804 bought for 4,850 ETH ($16,421,614.53 USD) by 0x9bc2d5 from 0xf4b4a5. https://t.co/PhIbbqdu5B #cryptopunks #ethereum pic.twitter.com/n7QsO74UtY

— CryptoPunks Bot (@cryptopunksbot) March 20, 2024

A CryptoPunk #7804 NFT Sells For Over $16M

Data recorded by CryptoSlam.io, an on-chain crypto market tracker, indicates that CryptoPunks #7804 sold for $16,382,444 just a few hours ago. The cryptopunk mega sale and other NFT collections have pushed the global non-fungible token market trading sales volume up 53% to $56 million in the past 24 hours.

Launched in 2017, CryptoPunks is a non-fungible token collection featuring a limited supply of 10,000 pixilated NFTs hosted on the Ethereum blockchain network. The CryptoPunks NFT collection was previously created by the digital asset incubation studio Larva Labs.

In October 2021, Yuga Labs, the creators of the Bored Ape Yacht Club NFTs, acquired the intellectual property rights to Larva Labs’ CryptoPunks and Meebits NFT collections. Under Yuga Labs’ leadership, the CryptoPunks NFT collection has emerged as one of the most successful NFT collections in the NFT market.

The NFT Market Health Today

Non-fungible token collections hosted on Ethereum, the broadly adopted NFT blockchain, are today the most traded NFT collection. In the past 24 hours, the Ethereum-based NFT collection has amassed a trading sales volume of $31 million, representing a 206% spike from the previous day.

Digital collectibles hosted on Bitcoin and Solana are today’s second and third most traded NFT collections. In the past 24 hours, the Bitcoin-based NFT collection has recorded a sales volume of $11 million, while the Solana-based NFT collection has amassed a trading sales volume of $7.3 million.

Five Top Selling NFTs Today

1. CryptoPunks NFT Collection

The Cryptopunks is our top-selling NFT collection in our five top-selling NFT collections today, following the recent mega sales. In the past 24 hours, the Cryptopunk NFT collection has recorded a trading sales volume of $17 million. The CryptoPunk NFT sales have jumped 1,691% from the previous day.

2. Bitcoin Ordinals NFT Collection

Bitcoin Ordinals, the NFT collection created on the blockchain network using the ordinal theory, is today’s second most-selling NFT collection. In the past 24 hours, the Bitcoin Ordinals NFT collection has recorded a trading sales volume of $3.8 million. The Bitcoin Ordinals trading sales volume has plunged 20.56% from the previous day.

3. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an NFT collection from the digital asset incubation studio Yuga Labs that features a limited edition of 10,000 NFTs hosted on the Ethereum blockchain network, is today’s third-selling NFT collection. In the past 24 hours, the Bored Ape Yacht Collection has amassed a sales volume of $2 million, representing a 68% spike from the previous day.

4. Pudgy Penguins NFT Collection

Pudgy Penguins, an NFT collection from the famous toy brand Pudgy Penguins that features a limited supply of 8,888 cute penguins birds hosted on the Ethereum blockchain network, is today’s fourth most-selling NFT collection. In the past 24 hours, the Pudgy Penguins NFT collection has recorded a trading sales volume of $1.9 million, representing a 1,851% surge from the previous day.

5. NodeMonkes NFT Collection

NodeMonkes, an NFT collection that features a limited supply of 10,000 NFTs hosted on the Bitcoin blockchain network, is today’s fifth most-selling NFT collection. In the past 24 hours, the NodeMonkes NFT collection has recorded a trading sales volume of $1.5 million, closing our five top-selling NFT collections this week.