Crypto Punks’ trading volume jumped 15x, leaving BAYC behind.
The average floor price increased from 49.85 ETH to 59.40 ETH.
The Crypto Punks NFT collection was handed a boost in the last seven days as its trading volume skyrocketed from $200,000 to $3 million.
In the NFT market, trading volume is an indicator of the health of a collection. Low trading volumes imply a drop in interest and a substantial decrease in liquidity. On the flip side, high trading volumes suggest increasing liquidity and solid demand for assets in a collection.
Punks are no longer unwanted
Therefore, the surge in Crypto Punks’ volume meant that there was an increase in demand for the collection. As a result, the rotation of ownership hit a point that it hadn’t neared in months.
Furthermore, the hike in the volume made it the collection with the highest sales on the Ethereum [ETH] blockchain. According to CryptoSlam, Crypto Punks’ sales in the last seven days amounted to $20.26 million.
This value rep
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