CryptoPunks and BAYC: million dollar sales
The two collections of CryptoPunks and Bored Ape Yacht Club (BAYC) continue to blow up the NFT market, with CryptoPunk #5066 selling for 857 ETH, equivalent to $1.4 million.
CryptoPunks and BAYC and the latest million-dollar NFT sale
In the last few days, the two popular NFT collections of CryptoPunks and Bored Ape Yacht Club (BAYC) have recorded millions of sales.
Specifically, CryptoPunk #5066 was sold last Monday for 857 ETH, equivalent to $1.4 million.
Punk 5066 bought for 857 ETH ($1,400,192.27 USD) with 0x26206c from 0x8721cf. #cryptopunk #ethereum pic.twitter.com/wwmKp9Dsjk
— CryptoPunks Bot (@cryptopunksbot) 6 February 2023
The seller is Kevin Rose, venture capitalist, serial entrepreneur and noted NFT collector and co-founder of the NFT startup Proof (Moonbirds). However, the buyer is apparently unknown, although it appears that soon after the purchase the NFT was transferred to another wallet, called bitshamed.eth.
A BAYC NFT also saw the same type of selling. It’s BAYC #7090 was sold at x2y2 for 800 ETH, or $1.3 million. The seller turns out to be Jimmy “j1mmy” McNelis, while the buyer is again unidentified.
Monkey #7090 bought for 800.00 ETH (1,304,744.04 USD) on X2Y2 #BAYC #BoredApe pic.twitter.com/140OkQWCI6
— BAYC Sales Bot 🤖️ (@BAYCsalesbot) 7 February 2023
The sign of recovery in the Non-Fungible Token market
When a million dollar sale happens, a collective sigh of relief sweeps over the entire NFT market. These days, the two collections have achieved that goal.
Since the beginning of 2023, according to data from DappRadar, sales volume increased by 38% to nearly $947 million in January, while the total number of NFTs sold during the month increased by 42% to 9.5 million.
According to CryptoSlam’s data, over the 7 days, the blockchain ranking regarding sales volume sees Ethereum in first place with a 32.5% increase, followed by Solana which saw a 16% drop and then ImmutableX with a 26.8% increase in NFT- sale.
CryptoPunks falls to second position by market value
Compared to the end of January, CryptoPunks’ total market capitalization fell to 807,000 ETH, causing the NFT collection to fall to second place, according to NFTGo data.
In fact, the NFT scene completely dominates the BAYC collection which at the time of writing has over 854,000 ETH in total market cap and 984,000 ETH in total sales volume. In contrast, CryptoPunks sees a total sales volume of 958,000 ETH.
Furthermore, there have been as many as 16 sales of NFTs from the BAYC collection in the last 24 hours. Compared to 2 from the CryptoPunks collection. Even in the last seven days, BAYC NFT sales have been higher than CryptoPunks, accounting for 127 to 43.
