NFT Sales Pump 4% In The Past 24 Hrs, As Opepen Edition PFP Goes Viral

Updated: 18 July 2023

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The non-fungible token market has lit some green candles after the Opepen Edition profile picture theme goes global. In the past several weeks, the NFT market has suffered a brutal comedown, which has left many NFTs shielding more than 70% of their floor price.

NFT Sales Spike 4%, As The NFT Space Goes Opepen

Earlier this week, Jack Butcher, the digital artist and the brain behind the popular Opepen Edition and Check VV NFT collection, surprised the NFT community after launching a new NFT collection aimed to support the NFT culture. The move has pushed global NFT sales to spike 4%.

Data compiled by CryptoSlam, an on-chain data aggregator, indicates that the global non-fungible token trading sales volume has slightly surged this week. In the past 24 hours, the global trading sales volume for non-fungible tokens has surged 3.94% to $19 million.

During this period, Opepen Edition has emerged as the most traded NFT collection, attracting a trading sales volume of $801,728. The NFT collection has surged 63% in sales. Launched earlier this year, Opepen Edition is an NFT collection featuring a limited edition of 16,000 NFTs hosted on the Ethereum network.

Opepen Edition PFP Theme Goes Viral

Opepen Edition began surging earlier this week after Thread Guy, NFT collector and one of the most respected crypto influencers, changed his Twitter profile picture from a Mutant Ape Yacht Club NFT to an Opepen Edition. Since Thread Guy changed his profile picture out of goodwill and love for NFT culture, Jack Butcher launched a new NFT collection to support the small NFT influencer.

I’m offline for 1 hour and everyone changed their pfp to this pic.twitter.com/tKheiLBle3

— MinisterOfNFTs 🔮 (@MinisterOfNFTs) July 17, 2023

Since then, Opepen Edition has exponentially surged in its floor price, rising from 0.48 ETH three days ago to a high of 0.9 ETH. The recent price surge represents an 80% increase. Thread Guy pfp change has also attracted big names from the web3 space to follow the trend.

For the culture.

By @AxieLore @notthreadguy @jackbutcher pic.twitter.com/ZWNZAWtg4K

— Axie Infinity (@AxieInfinity) July 18, 2023

Some notable non-fungible token firms that have already changed their profile picture include Ralible, a digital market platform for crypto and NFTs; OpenSea, the second largest NFT marketplace after Blur; and Magic Eden, a digital marketplace for solana, Ethereum, Polygon, and Bitcoin NFTs.