CryptoPunks NFT trading volume hits highest level since March 2024

According to ChainCatcher, citing The Block, NFT market monitoring data shows that the CryptoPunks collection saw its weekly trading volume surpass $24.6 million last week, marking the highest single-week record since March 2024 and surging 416% compared to the previous week. The increase in market activity was accompanied by a comprehensive rise in price indicators: the floor price climbed from 40 ETH to 47.5 ETH, while the average sale price rose from $140,000 to $182,000.

This market rebound is directly linked to a milestone acquisition by Nasdaq-listed GameSquare. The parent company of FaZe Clan recently issued $5.15 million in preferred shares to acquire #5577 from the rare "Ape Punk" series at a valuation three times the market floor price.