CryptoPunks, one of the most popular non-fungible token (NFT) collections, has become the top NFT project in terms of volume over the past 24 hours amid the news that Noah Davis, the NFT expert for the auction house Christie’s, will join Yuga Labs to lead CryptoPunks.
At 11 UTC on Monday, the collection has a trading volume of USD 6.64m over the past 24 hours, according to NFT data aggregator DappRadar. We can compare that with some other Yuga Labs projects: Otherdeed has a volume of USD 546,810, and Bored Ape Yacht Club (BAYC) is at USD 473,920.
The market capitalization of CryptoPunks now stands at USD 539.66m, up by more than 13% over the past day. Otherdeed is up 23% and BAYC 20%.
There has also been a notable spike in the floor price and average price of Punks, which are up by 25% and 30% over the past 24 hours, respectively. To compare it to the other two projects again, the floor and average prices of Otherdeed are up 37% and 15%, respectively, while those of BAYC went up 32%...
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