CryptoPunks Lead as NFT Trading Volume Rebounds on Solana and Ethereum

Summary

CryptoPunks and other NFT projects are experiencing renewed interest as altcoin prices rise, particularly on Ethereum and Solana. Sunday marked the busiest day for NFTs since February, with $26 million in trading volume, followed by $24.9 million on Monday. CryptoPunks accounted for over half of Sunday’s volume, with its floor price increasing 20% to 48 ETH, equivalent to $177,000. The collection saw 174 NFTs sold, a 460% increase from the previous week. The Infinite Node Foundation recently acquired CryptoPunks' IP, aiming to preserve and promote the collection. Other Ethereum collections also saw significant floor price increases. NFT trading volume on OpenSea rose 44% to $9.5 million, while Blur experienced a 120% increase to $12.8 million. Solana-based NFTs also saw price gains, with total sales reaching $9.3 million, a 59% increase. Despite the uptick in trading, no collections are near all-time high floor prices, and previous spikes above $50 million in daily volume have occurred within the past year.