Ethereum

April

A CryptoPunk collectible recently sold for 205 Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>) worth a whopping $507,617, amid an observable uptick in global non-fungible token (NFT) sales, with sales volume surging by 17.72% in the past 24 hours. 
Following the surge in NFT sales volume, the market has recorded $38.28 million in sales over the last 24 hours. Interestingly, the CryptoPunk collectible represents the largest single NFT sale in the past 24 hours and the last month. 
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 <img loading="lazy" decoding="async" width="1024" height="139" src="https://crypto.news/app/uploads/2024/01/NFT-sales-Jan-22--1024x139.png" alt="CryptoPunk sells for $500K, NFT volume rallies 17% - 27" class="wp-image-14240947">
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 NFT sales – Jan. 22 | Source: CryptoSlam
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</figure> 
The sale, involving CryptoPunk #6940, occurred yesterday at 14:11 (UTC), per <a href="https://etherscan.io/tx/0x2b73bc0faebc0304bbae4685f46d3330b99983f0ccfe044c55983300b7c44afc" target="_blank" rel="noopener">data</a> from Etherscan. Historical transaction data confirms that the price of the collectible has increased impressively over the past six years. Notably, the NFT was minted in December 2017 for $128. 
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The previous sale involving the collectible was worth 215 ETH in April 2023. However, this sale was of less value due to Ethereum’s lower price at the time, amounting to $397,924. Atscrypto, a notable NFT collector, had held the collectible for eight months before the recent sale.&nbsp; 
Despite the massive transaction, the CryptoPunks collection has recorded a 22% decline in volume over the last 24 hours, dropping to $3.17 million. However, the global NFT sales volume has only witnessed a considerable increase as total transactions have risen to 325,804. 
The latest purchase comes over two months after another CryptoPunk collection <a href="https://crypto.news/cryptopunks-drive-nft-surge-with-1-1m-sale/">made</a> headlines for recording an impressive sale worth 600 ETH (valued at $1.14 million at the time). This sale involved CryptoPunk #7458 and preceded a major <a href="https://crypto.news/nft-market-revives-as-major-collections-soar-in-sales-and-volume/">revival</a> in NFT sales volume. 
The recent development points to a resurgence of interest in digital collectibles despite the market-wide downturn recorded in the past few weeks. Institutional interest in NFTs has also seen a rise, with CoinGecko recently <a href="https://crypto.news/coingecko-21-of-the-top-50-global-fashion-brands-have-nfts/">confirming</a> that 21 of the top 50 global fashion brands have NFT projects. 
 Read more: <a href="https://crypto.news/top-cryptocurrencies-to-watch-this-week-xrp-doge-inj/"> Top cryptocurrencies to watch this week: XRP, DOGE, INJ </a>

CryptoPunk sells for $500K, NFT volume rallies 17%

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