Today (21) around 6 am, the Non-Fungible Token market welcomed a long-awaited heavyweight transaction. According to OpenSea trading records, a new wallet 0x1bb35 spent 2,082 ETH in just four hours, approximately $5.87 million, buying 45 CryptoPunks. The massive transaction immediately pushed the Punks floor price to around 46.74 ETH, injecting new momentum into the long-dormant blue-chip Non-Fungible Token.
Whale Effect of Non-Fungible Token
The CryptoPunks floor price quickly rose after the transaction, with the market interpreting it as a signal of "undervalued assets", attracting follow-up buying. Collectors continue to collect high-scoring rare editions, further strengthening the scarcity premium.
The whale's action is not the first of its kind. In the past two weeks, Non-Fungible Token trading volume on the Ethereum chain surged 300%, reaching a six-month high of $140 million; overall Non-Fungible Token sales grew 29% from the previous period, reaching $159.6 million.
Another statistic shows that the number of buyers jumped by 89.32%, and sellers also grew by 86.08%, with liquidity simultaneously improving. High-price transactions remain concentrated in blue-chip assets, such as CryptoPunks Wrapped #5822 sold for 200 ETH, highlighting high-net-worth groups' love for "classic collections".
Currently, various data show that Ethereum still dominates high-end Non-Fungible Token transactions. Despite high gas fees, its mature ecosystem and early brand cultivation remain the primary choice for funds. With recent price surges in Bitcoin and Ethereum, Non-Fungible Token trading has also rebounded, with Non-Fungible Tokens once again becoming a secondary target for funds as "materialized" on-chain cultural assets.
