NFT Market Surges: Bored Ape Yacht Club & CryptoPunks Dominate Weekly Sales
Blue-chip NFTs flex their staying power as the market shakes off bearish whispers.
Bored Ape Yacht Club (BAYC) and CryptoPunks aren't just surviving—they're thriving, leading this week's sales charge. While skeptics dismiss NFTs as 'JPEGs for hedge fund bros,' the numbers don't lie. These digital assets keep printing demand despite macroeconomic headwinds—take that, traditional art auctions.
No fluff, no hype: The heavyweights are pulling the market up by their diamond-handed holders. Meanwhile, lesser collections scramble for scraps. Classic crypto—winner-takes-most, and the rest ride the volatility rollercoaster.
So much for 'NFTs are dead.' Tell that to the apes and punks cashing in while Wall Street plays catch-up.
The NFT market has witnessed notable growth over the past seven days. As per the data from Phoenix Group, Bored Ape Yacht Club (BAYC) and CryptoPunks have dominated the NFT market in weekly sales. As the crypto data and analytics provider disclosed on social media, a BAYC NFT has secured the top position among the sales, getting $91032K. Keeping this in view, these noteworthy weekly sales denote another wave of growth in the NFT ecosystem.
TOP #NFT SALES IN THE LAST 7D
Among the largest sales in the last 7D are:#BoredApeYachtClub#CryptoPunks
Largest Sale: Bored APE Yacht Club #4795 – $910.32K pic.twitter.com/nzsT8iP3LU
BAYC #4795 Dominates Top Weekly NFT Sales with 200 $ETH
Particularly, the Bored Ape Yacht Club #4795 has gained the top rank among the top weekly NFT sales. In this respect, the non-fungible token has efficiently gained 200 $ETH (equivalent to $910.32K in value). Subsequently, 2nd top position is also secured by a BAYC NFT. Hence, Bored Ape Yacht Club #9670 has accounted for nearly 100 $ETH in its sale. This figure underscores $455.16K in terms of value.
Subsequently, Bored Ape Yaht Club #4431 stands as the 3rd top NFT sale of the past week. Specifically, it has gained 80 $ETH, denoting $364.13K in total sale amount. After this, a CryptoPunk NFT, going by “CryptoPunk #1714,” has occupied the 4th top place. The sale accounted for approximately 79.5 $ETH ($349.00K) in cumulative value.
As the main dominating NFT collection, in the weekly sales, BAYC has also taken the 5th position. This includes Bored Ape Yacht Club #6354 getting 75 $ETH (nearly $341.37K. Following that, the CyptoPunk #7235 recorded its sale for 75 $ETH ($341.37K). However, the 7th position is again occupied by a BAYC NFT, “Bored Ape Yacht Cub #2337.” This NFT sale has reportedly obtained 75 $ETH ($341.37K).
CryptoPunk #3677 Bottoms List with 72.7 $ETH
Phoenix Group’s list of top weekly NFT sales includes CryptoPunk #3961 in the 8th top position. Hence, its sale accounted for 69.7$ETH, equaling $324.52K. Adding to this, the 9th and 10th places on the list are also secured by CryptoPunks. Keeping this in view, CryptoPunk #3961 was sold for 75 $ETH, generating $314.87K in value. Along with that, CryptoPunk #3677’s sale resulted in a value of $307.66K (72.7 $ETH).
