Despite the ongoing market downturn, CryptoPunks continues to dominate daily non-fungible token (NFT) sales, with a notable 132% increase in just 24 hours, according to data from CryptoSlam.
Over this period, CryptoPunks generated $616,448 in sales across nine transactions, averaging around $70,000 each.
The most recent sale, about five hours ago, involved CryptoPunk #2412, which sold for 26.66 ETH, roughly $70,227. However, this sale price is significantly lower than what the seller paid six months ago, as it was initially purchased for $162,240, representing a loss of more than half its value.
A similar trend was observed with CryptoPunk #4256, which sold 24 hours ago for 23.99 ETH, or $62,872. Six months prior, this NFT was bought for $181,970, marking a steep decline of 65.44% in its resale value.
These sharp decreases in value are not unexpected, given the broader struggles of the NFT market, especially in recent months. In June, the NFT market experienced nearly a 50% drop in sales, despite some notable individual sales and standout performances from certain collections. One such significant sale was that of CryptoPunk #627, which fetched $836,149.
In May, the CryptoPunks collection saw a surge in activity, with daily volumes approaching $1.4 million, a 63% increase compared to the previous week.
Earlier in the year, between March and April, three high-profile CryptoPunks — #3100, #7804, and #635 — were sold for a combined total of $44 million, with the first two fetching $16 million each and the third selling for $12 million.
Despite the broader market challenges, CryptoPunks has managed to maintain a strong presence, also extending its influence beyond the NFT space.
In April, the project announced “Free to Claim,” a book that details the collection’s journey. Additionally, in June, the project released a new documentary titled “What the Punk,” which explores CryptoPunks’ rise to multimillion-dollar sales and its impact on the NFT community, featuring personal stories from creators and artists involved with the collection.
