• CryptoPunks’ market share rose to 8.63% while BAYC dipped below 8%.
• Wrapped CryptoPunks accounted for over 25% of the total NFT sales.

The Non-Fungible Token [NFT] landscape, like other crypto verticals, faced its share of downsides following the USD Coin [USDC] depegging saga. The focus has now shifted to the ensuing battle unfolding between blue chip NFTs CryptoPunks and Bored Ape Yacht Club [BAYC].

As per a 19 March tweet, the market capitalization of CryptoPunks eclipsed BAYC with a value of over 847,000 Ether [ETH] as compared to the latter’s value of about 778,000 ETH at the time of writing. With this, CryptoPunks’ share of the market rose to 8.63% while that of BAYC dipped below 8%.

In the past 7 days, the floor price of BAYC fell by more than 8%, and CryptoPunks rose by 13%. CryptoPunks surpassed BAYC (776,000 ETH) with a market value of about 847,000 ETH. The reason may include the launch of Warpped CryptoPunks on Blur; and nftperp trading users are… https://t.co/mtaXdMcogP

— Wu Blockchain (@WuBlockchain) March 19, 2023

Additionally, the floor price of the two projects revealed a contrasting trajectory. CryptoPunks’ floor price exploded to its six-month high of about $74 at press time, data from NFT Price Floor revealed.

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Author: Suzuki Shillsalot

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