{"id":632192,"date":"2025-03-03T10:58:03","date_gmt":"2025-03-03T10:58:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=632192"},"modified":"2025-03-03T10:58:03","modified_gmt":"2025-03-03T10:58:03","slug":"rare-punk-sells-for-2-1m-is-the-nft-market-rebounding","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/rare-punk-sells-for-2-1m-is-the-nft-market-rebounding","title":{"rendered":"Rare Punk Sells For $2.1M \u2013 Is The NFT Market Rebounding?"},"content":{"rendered":"<p>The non-fungible token market appears to rebound after suffering a brutal comedown in the past several weeks. In the past 24 hours, the global NFT market has raised a trading sales volume of $16 million, up 11,28% from the past day. The NFT market began showcasing potential signs of rebounding over the weekend after a rare cryptopunk non-fungible token sold for 1,011 ETH or equivalent to over $2.196 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Punk 4464 bought for 1,011 ETH ($2,183,749.88 USD) by 0x8a77b7 from 0x561786. <a href=\"https:\/\/t.co\/xqtkT3BeER\">https:\/\/t.co\/xqtkT3BeER<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cryptopunks?src=hash&amp;ref_src=twsrc%5Etfw\">#cryptopunks<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#ethereum<\/a> <a href=\"https:\/\/t.co\/okShZhcSlJ\">pic.twitter.com\/okShZhcSlJ<\/a><\/p>\n<p>&mdash; CryptoPunks Bot (@cryptopunksbot) <a href=\"https:\/\/twitter.com\/cryptopunksbot\/status\/1895863431363698791?ref_src=twsrc%5Etfw\">March 1, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Daily NFT Sales Volume Pump +10%<\/h2>\n<p>Data gathered by <a href=\"https:\/\/www.cryptoslam.io\/\">Cryptoslam.io<\/a>, a multi-chain crypto market data aggregator and a non-fungible token collection explorer, indicates that the global non-fungible token market has grown positively today. In the past 24 hours, the global NFT market has amassed a trading sales volume of $16 million. During this period, the NFT trading sales volume has surged by over 10% from the past day.<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-632196\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Daily-NFT-sales-volume-300x67.png\" alt=\"Daily NFT sales volume\" width=\"842\" height=\"188\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Daily-NFT-sales-volume-300x67.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Daily-NFT-sales-volume-1024x230.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Daily-NFT-sales-volume-768x172.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Daily-NFT-sales-volume.png 1158w\" sizes=\"(max-width: 842px) 100vw, 842px\"><\/p>\n<p>Ethereum, the blockchain network renowned in the NFT market for powering most NFTs, is the top-traded blockchain network. In the past 24 hours, the Ethereum-based NFT collections have amassed a trading sales volume of $6 million. During this time, the Ethereum NFT trading sales volume has surged by 3.35% from the past day. Mythos Chain follows Ethereum closely, raising a trading sales volume of $2.3 million.<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-632197\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Daily-NFT-sales-by-chains-300x158.png\" alt=\"Daily NFT sales by chains\" width=\"841\" height=\"443\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Daily-NFT-sales-by-chains-300x158.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Daily-NFT-sales-by-chains.png 619w\" sizes=\"(max-width: 841px) 100vw, 841px\"><\/p>\n<p>Solana, a decentralized blockchain network renowned for hosting a variety of smart contracts for non-fungible token collections, is today&rsquo;s third most-traded blockchain network in the NFT market in February. In the past 24 hours, the Solana-based NFT collections have recorded a trading sales volume of $2.1 million. During this time, the Solana NFT trading sales volume surged 36% from the previous day. These positive gains suggest that the NFT market is regaining a foothold.<\/p>\n<h2>Is The NFT Market Rebounding?<\/h2>\n<p>On March 1, 2025, a rare CryptoPunk non-fungible token #4464 sold for 1,011 ether (ETH), or roughly $2.2 million. Punks #4464 is a non-fungible token previously from the digital asset firm Larva Labs but is now managed by the Bored Ape Yacht Club and Mutant Ape Yacht Club creator Yuga Labs. The recent Punk #4464 sale has raised eyebrows among the NFT community as it is the latest major sale since the start of the recent bear season.<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-632199\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Punk-NFT-sales-300x126.png\" alt=\"Punk NFT sales\" width=\"840\" height=\"353\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Punk-NFT-sales-300x126.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Punk-NFT-sales-1024x429.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Punk-NFT-sales-768x322.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/03\/Punk-NFT-sales.png 1265w\" sizes=\"(max-width: 840px) 100vw, 840px\"><\/p>\n<p>The Punk #4464 sale wasn&rsquo;t the only notable moment over the weekend. CryptoPunk #3900 received a $15 million bid a few hours after CryptoPunk #4464&rsquo;s bid was accepted. Notably, the bid for CryptoPunk #3900 had not been accepted as of press time. These buzzy bids come amid a short bear market that has left daily NFT trading sales volume below $20 million. These notable trading sales mean that the NFT bear market has probably ended.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Punk 3900 has a new bid of 6,969.69 ETH ($15,360,151.99 USD) placed by 0xe62ae5. <a href=\"https:\/\/t.co\/0ijwzztm9x\">https:\/\/t.co\/0ijwzztm9x<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cryptopunks?src=hash&amp;ref_src=twsrc%5Etfw\">#cryptopunks<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#ethereum<\/a> <a href=\"https:\/\/t.co\/7TLU4KtJG8\">pic.twitter.com\/7TLU4KtJG8<\/a><\/p>\n<p>&mdash; CryptoPunks Bot (@cryptopunksbot) <a href=\"https:\/\/twitter.com\/cryptopunksbot\/status\/1895978492824613375?ref_src=twsrc%5Etfw\">March 1, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3>Related NFT News:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/opensea-tops-in-nft-users-trading-sales-in-february-2025\">OpenSea Tops In NFT Users &amp; Trading Sales In February 2025<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/nft-sales-plunge-in-february-down-40-from-january-2025\">NFT Sales Plunge In February, Down +40% From January 2025<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/nft-sales-fall30-to-106m-this-last-week-of-february-2025\">NFT Sales Fall+30% To $106M This Last Week Of February 2025<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - 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In the past 24 hours, the global NFT <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1882,"featured_media":632205,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-632192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rare Punk Sells For $2.1M \u2013 Is The NFT Market Rebounding? - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The NFT market appears to rebound after suffering a brutal comedown in the past several weeks. 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Dominic holds a Bachelor's degree in Journalism, Media and Mass Communication Studies and has been blogging and producing educational materials for retail investors in the financial markets since graduating. Dominic also produces his own NFT and crypto newsletter, taking the initiative to set up his own mailing list with free articles which he uses for reverse outreach to leading media publications. 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