The non-fungible token market appears to making a quiet comeback after suffering another month of 40% negative growth in August 2024. Punk #6915 has just sold for over $1.4 million, proving that investors are still willing to make a huge stake in the non-fungible token market. Last month, another punk sold quietly for more than $3 million despite the recent NFT market meltdown.
Punk 6915 bought for 620 ETH ($1,480,870.00 USD) by 0x8bbccd from 0xe38ee2. https://t.co/3Ajq8n3ilN #cryptopunks #ethereum pic.twitter.com/YOT81UKI7n
— CryptoPunks Bot (@cryptopunksbot) September 5, 2024
Punk #6915 Sells For $1.4 Million
Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a non-fungible token explorer backed by Dallas Maverick owner and crypto billionaire Mark Cuban, indicates that the CryptoPunks #6915 sold for over $1.4 million, just nine hours ago. This collectible top sale has pushed daily sales volume for CryptoPunks up 441% to over $1.7 million.
Minted in 2017, CryptoPunks is a non-fungible token collection from the digital asset incubation Larva Labs, featuring a limited edition of 10,000 pixilated profile pictures exclusively hosted on the Ethereum blockchain network. In 2022, the intellectual property for CryptoPunks was then sold to Yuga Labs, developer of the Bored Apes Yacht Club and Mutant Ape Yacht Club NFT collection.
CryptoPunks have rapidly grown to become one of the premium non-fungible token collections in the NFT market, with some of its rare tiers even trading for millions of dollars. Some of the punks that have sold for jay-breaking sums include Punks #5822 bought by Deepak Thapliyal for over $23 million on February 13, 2022, CryptoPunk #3100, sold for 4,500 Ether, worth over $16 million in March 2024and CryptoPunks #7523 sold for over $11 million in 2021.
The NFT Market Health Today
The global non-fungible token market has recorded positive gains today after CryptoPunks and other NFT collections exploded in trading sales volume. In the past 24 hours, the global NFT market has amassed a trading sales volume of $13 million, up 16.7% from the past day. During this time, Ethereum is leading the NFT market with $5.1 million, up 42% from the past day.
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