The NFT market witnessed a noteworthy activity during the last twenty-four hours. As per Phoenix Group, the prominent NFT marketplaces and collections drove substantial trading volumes, with Pudgy Penguins as the lead while CryptoPunk # 1522 led the individual sales. The on-chain analytics provider shared the latest data concerning the overall NFT market on social media.
#NFT MARKET OVERVIEW TOP COLLECTION #PudgyPenguins – 24H Volume $2.62M TOP… pic.twitter.com/sP7BgdA2js
— PHOENIX – Crypto News & Analytics (@pnxgrp) November 19, 2024
Pudgy Penguins Dominates the NFT Sector in Terms of 24-Hour Trading Volume
In market volume, Pudgy Penguins topped the market, recording $2.62M in trading throughout 75 sales over the past 24 hours. The collection keeps captivating the market with its attractive artwork and growing ecosystem. Bored Ape Yacht Club emerged as another player witnessing a huge $1.05M in trading volume across twenty-five sales. Additionally, Azuki generated $1M from seventy sales. In the meantime, exclusive collections like Milady Maker saw $903.9K while Guild of Guardians recorded $625.8K, showing a resilient activity.
CryptoPunk #1522 Changes Hands for $140.76K, Securing the Top Spot in NFT Sales
CryptoPunks maintained top position in the NFT sector as CryptoPunk #1522 was sold for a staggering $140,760 over 24 hours. CryptoPunk # 7502 having $120,360 as well as CryptoPunk # 189 having $119,780 are the other high-value Punk sales. CryptoPunks’ increasing appeal highlights their top position as blue-chip non-fungible tokens.
Blur Tops NFT Marketplace Volumes over the Past 24 Hours
In the case of marketplaces, Blur dominated the market with $7.12M in twenty-four-hour trading volume. Up to 1,590 traders contributed to this achievement. OpenSea followed closely, recording $6.78M from nearly 10,600 traders. Another notable name in this regard is the OKX NFT marketplace. It beheld $4.16M in volume coming from almost 2,920 traders. Tensor ($1.18M) and UniSat ($943K) also played a significant role.
The current dominance of CryptoPunks and Pudgy Penguins signifies the bifurcation in the whole NFT market. Hence, both the top collections and the exclusive entrants continue to show progress. High-value sales such as CryptoPunk #1522 underline the demand for prominent non-fungible tokens. On the other hand, surging activity on companies like OpenSea and Blur indicates sustained market activity.
The Latest Rise in the NFT Market Underscores Expansion in Enthusiasts, Investors and Collectors
Blur, with a $7.12M in its cumulative marketplace volume, expresses the potential to add traders, pointing toward a changing dynamic in the NFT sector. According to Phoenix Group, keeping in view the above-mentioned statistics, the NFT market displays an expansion in enthusiasts, investors, and collectors.
