CryptoPunks NFT trading volume hits highest level since March 2024

Non-Fungible Token market monitoring data shows that the CryptoPunks series broke through $24.6 million in trading volume last week, creating a single-week highest record since March 2024, surging 416% from the previous week. The market activity increase was accompanied by comprehensive price indicator rises: the floor price climbed from 40 ETH to 47.5 ETH, and the average selling price increased from $140,000 to $182,000. This market recovery is directly related to the milestone acquisition by NASDAQ-listed company GameSquare. The parent company of FaZe Clan recently issued preferred shares worth $5.15 million, purchasing the #5577 piece from the rare "Ape Punk" series at a valuation three times the market floor price. (Block)