Crypto Punk NFT sold for six times the amount it was bought. NFT market would need some crypto price recovery to sustain a 2023 revival. If you were of the viewpoint that the NFT market year would end in a turnaround, then you may not be too far from the truth. Despite a rally on […]
showed that the same collector had numerous offers until 28 December. But he declined to let go of the asset.The trade contributed to the manner Crypto Punks displaced other collections to the apex of the market sales volume. In 2021, the collection was part of the top three across all chains, with hundreds of millions of dollars in sales.
The performance pushed the same momentum into the first quarter of 2022. Unfortunately, the dip in crypto prices and a series of uneventful incidents led to a massive decline in floor prices and traders’ interest., Crypto Punks registered a 154% uptick in sales in the last 24 hours. These trades amounted to $2.60 million, involving 11 sellers and buyers in 15 transactions.came second and third, respectively.
However, the last 24 hours did not produce a similar performance as sales dipped 5.41%. That said, the trend meant that the market remained oblivious to a specific direction.NFTs, the crypto market’s downturn, coupled with some breakdown in its chain, exempted it from a quick Q1 recuperation. At some point in 2022, Solana NFTs outperformed those of Ethereum. But at press time, the table had turned.
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