CryptoPunks reestablished a floor price of $100,000 this week amid major gains for Bitcoin and the broader cryptocurrency market, marking a resurgence for the prominent NFT project following months of diminished demand.

This marks the first time the CryptoPunks floor—aka the price of the cheapest asset listed on a marketplace—has been above $100,000 since June according to data from NFT Floor Price.

The rise in floor price has been buoyed by a sharp increase in trading volume for the Ethereum NFT collection, which traded more than $14.5 million in the last week and registered more sales in the last four days than any other similar period in the last year as reported by pseudonymous analyst Punk9059.

CryptoPunks trading volume jumped by 730% over the past week compared to the previous span, per data from CryptoSlam. Broadly, the NFT market saw a 95% wee

Go to Source to See Full Article
Author: Logan Hitchcock