The Non-Fungible Token (NFT) trading volume has surged over the past 24 hours, despite the crypto market’s tank, which is in turn, taking floor prices of many top NFT collections along with it. The cryptocurrency market lost its trillion-dollar status as Bitcoin now currently trades below $23,000.
Long list of NFT projects such as BAYC, MAYC, cryptopunks and Sorare have all seen a 100 % rush in the last 24 hours trading volumes as investors look to snap up cheaper NFT as floor prices turmoil.
According to CRYTOSLAM , eight of the top 10 NFT projects in 24 hours sales volume have posted at least a 115 % rush in trading volume with only GOBINTOWN and MOONBIRDS falling down.
YUGA LABS (BAYC NFTS ) surge over the past 24 hours upto $ 7.1 million worth of sales that is 262.
OTHERDEED and CRYTOPUNKS surges to $ 2.6 million and $ 2.5 million worth of sales respectively.
It is also worth noting that even as projects such as the BAYC and CryptoPunks have seen their floor prices drop to 82.5 ETH ($96,700) and 47 ETH ($54,800), down from their all-time highs of 153.70 ETH and 123 ETH respectively, investors are still snapping up assets above the floors.
In the past 24 hours, CryptoPunks #8620 and #5690 went for 275 ETH apiece ($327,000 at current prices) while BAYC NFTs #393 and #3441 sold for 118 ETH ($140,000) and 105 ETH ($124,000).
This news is published and verified by the NFT News media team.
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