HomeNFTCryptoPunks and BAYC: million-dollar NFT sales

CryptoPunks and BAYC: million-dollar NFT sales

The two collections of CryptoPunks and Bored Ape Yacht Club (BAYC) continue to blow up the NFT market, with CryptoPunk #5066 selling for 857 ETH, the equivalent of $1.4 million.

CryptoPunks and BAYC and the recent million-dollar NFT sales

Over the past few days, the two popular NFT collections of CryptoPunks and Bored Ape Yacht Club (BAYC) have recorded million-dollar sales.

Specifically, CryptoPunk #5066 was sold last Monday for 857 ETH, the equivalent of $1.4 million.

The seller is Kevin Rose, venture capitalist, serial entrepreneur and well-known NFT collector and co-founder of the NFT startup Proof (Moonbirds). However, the buyer is apparently unknown, although it appears that soon after the purchase, the NFT was transferred to another wallet, called bitshamed.eth.

A BAYC NFT also saw the same kind of sale. It is BAYC #7090 was sold on x2y2 for 800 ETH, or $1.3 million. The seller turns out to be Jimmy “j1mmy” McNelis, whereas again the buyer is not identified.

The sign of recovery in the Non-Fungible Token market

When a million dollar sale occurs, a collective sigh of relief sweeps over the entire NFT market. These days the two collections have achieved that goal.

Since the beginning of 2023, according to data from DappRadar, sales volume rose 38% to nearly $947 million in January, while the total number of NFTs sold during the month increased 42% to 9.5 million.

According to CryptoSlam’s data, over the 7 days, the blockchain ranking regarding sales volume sees Ethereum in first place with a 32.5% increase, followed by Solana which saw a 16% drop and then ImmutableX with a 26.8% increase in NFT sales.

CryptoPunks drops to second position by market cap

Compared to the end of January, CryptoPunks’ total market cap fell to 807,000 ETH, causing the NFT collection to drop to second place, according to NFTGo data.

In fact, completely dominating the NFT scene is the BAYC collection which, at the time of writing, has over 854,000 ETH in total market capitalization and 984,000 ETH in total sales volume. In contrast, CryptoPunks sees a total sales volume of 958,000 ETH.

Furthermore, there have been as many as 16 sales of NFTs from the BAYC collection in the past 24 hours. Compared to 2 from the CryptoPunks collection. Even in the past seven days, BAYC NFT sales have been higher than those of CryptoPunks, accounting for 127 versus 43.

Stefania Stimolo
Stefania Stimolo
Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.