CryptoPunks NFT trading volume hits a new high since March 2024

ChainCatcher news, according to The Block, NFT market monitoring data shows that the trading volume of the CryptoPunks series exceeded $24.6 million last week, setting a new weekly record since March 2024, with a surge of 416% compared to the previous week. Market activity increased alongside a comprehensive rise in price indicators: the floor price climbed from 40 ETH to 47.5 ETH, and the average selling price rose 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 $5.15 million in preferred stock to acquire the rare "Ape Punk" #5577 at a valuation three times the market floor price.