According to ChainCatcher news and reported by The Block, market monitoring data shows that the trading volume of the CryptoPunks series exceeded 24.6 million USD last week, setting a weekly record high since March 2024, a surge of 416% compared to the previous week. The increase in market activity is accompanied by a comprehensive rise in price indicators: the floor price climbed from 40 ETH to 47.5 ETH, and the average selling price rose from 140,000 USD to 182,000 USD.
The recent market recovery is directly related to the milestone acquisition of GameSquare, a Nasdaq-listed company. The parent company of FaZe Clan recently issued $5.15 million in preferred stock to purchase the #5577 piece from the rare Ape Punk series at a valuation three times the market bottom.
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CryptoPunks NFT volume hits a new high since March 2024
According to ChainCatcher news and reported by The Block, market monitoring data shows that the trading volume of the CryptoPunks series exceeded 24.6 million USD last week, setting a weekly record high since March 2024, a surge of 416% compared to the previous week. The increase in market activity is accompanied by a comprehensive rise in price indicators: the floor price climbed from 40 ETH to 47.5 ETH, and the average selling price rose from 140,000 USD to 182,000 USD. The recent market recovery is directly related to the milestone acquisition of GameSquare, a Nasdaq-listed company. The parent company of FaZe Clan recently issued $5.15 million in preferred stock to purchase the #5577 piece from the rare Ape Punk series at a valuation three times the market bottom.