A cryptoassets Whale invests 4.3 million Dollars in CryptoPunks──the NFT market capitalization has risen by 66% in 30 days | CoinDesk JAPAN

• A single buyer spent over 4.3 million Dollars purchasing rare NFTs of CryptoPunks continuously on OpenSea for two days. This includes popular ones featuring hoodies.
• The NFT market is thriving again, with the prices of major NFT collections rising significantly. Over the past 30 days, CryptoPunks have risen by 29%, Pudgy Penguins by 66.7%, and Bored Ape Yacht Club by 9.8%.
• The total market capitalization of NFTs has increased by 66% over the past 30 days, reaching 6 billion Dollars. The market share of CryptoPunks exceeds 30%.

This purchase was made in quick succession on the NFT marketplace OpenSea. It was timed right after the minimum prices of major collections surged significantly.

According to CoinGecko data, over the past 30 days, CryptoPunks have risen by 29%, reaching approximately 51 ETH (about 27.55 million Yen). Meanwhile, Pudgy Penguins have increased by 66.7%, and Bored Ape Yacht Club has risen by 9.8%.

The noticeable trend of Parker NFTs being purchased in bulk is due to a single buyer acquiring all the rare NFTs. This buyer currently owns a total of 12 CryptoPunks.

According to market data from CoinGecko, the total market capitalization of NFTs has risen by 66% over the past 30 days, reaching 6 billion Dollars (approximately 870 billion yen, based on an exchange rate of 145 yen per Dollar). The rise of CryptoPunks has pushed their market share above 30%.

Despite the recent rise, the NFT sector is far from the levels seen during the boom of 2021 and 2022. During that time, the market capitalization reached 16.6 billion Dollar (approximately 2 trillion 407 billion yen). Since then, major marketplaces like X2Y2 have closed, and other marketplaces are also transitioning to token trading.

|Translation & Editing: Rin Hayashi | Image: Eli Tan/CoinDesk ｜Original: Crypto Whale Spends $4.3M on CryptoPunks as NFT Market Cap Climbs 66% in 30 Days