The non-fungible token (NFT) market shows renewed momentum as CryptoPunks keep dominating the weekly NFT sales as recorded highest sales across the sector past week. According to Phoenix Group, the crypto news and analytics platform, the top ten NFT transactions over the past seven days were all CryptoPunk collectibles. This dominance of Cryptopunks reaffirms their status as one of the most valuable digital art collections on-chain.
CryptoPunks Dominate Weekly NFT Trades with CryptoPunk #8296 Leading the Pack
The top NFT transaction of the past week is CryptoPunk #8296, which sold for 54.7 $ETH roughly valued at $196,31K. This makes CryptoPunk #8296 the largest NFT sale of the last week. Following closely, CryptoPunk #5361 recorded a high-value purchase of 45 $ETH that worth around $173.60K, while CryptoPunk #5295 secures the third place at 49.9 $ETH valued at $166.37K.
The momentum has extended across multiple unique CryptoPunks, including CryptoPunk #9537 that is selling for 41.5 $ETH valued at $159.90K and CryptoPunk #9498 at 36.8 $ETH for $139.58K. Even the lower-priced entries, such as CryptoPunk #704, #2744, and #2547, remained above the $120K threshold, which reinforce the buyer confidence and long-term collection demand.
CryptoPunks Leading the Renewed NFT Confidence
These price levels highlight a strong market comeback amid growing institutional interest in NFTs. The data shared by Phoenix, also reflects a broader trend as CryptoPunks NFT collections continue to outperform newer and mid-tier projects, particularly during the market recoveries. Analysts firmly believe the surge is fueled by a mix of uniqueness and the historical significance of CryptoPunks as one of the earliest NFT sets on Ethereum.
With the overall crypto market gaining momentum and Ethereum ($ETH) price is rising, collectors are appeared to be increasingly willing to invest in high-value digital assets. If the current trends persists, CryptoPunks may lead another wave of premium NFT trading. This rising intered in NFT sector signals the renewed confidence in Web3 digital collectibles and long-term on-chain art value.
Source: https://blockchainreporter.net/cryptopunks-continue-to-dominate-weekly-nft-sales/
