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NFT Weekend Recap & OpenSea Dominance

Aug 2, 2021 · 3 min read

By Jeremy Ong, Joo Kian, Jayden Andrew, and Nick Pappageorge

Market Update

NFTs (and specifically CryptoPunks) enjoyed a fantastic run over the weekend. During the Asia open, BTC takes a breather while consolidating below $40,000 as ETH/BTC wakes up from its multi-week slumber.

CryptoPunks Went On A Tear

GaryVee’s Ape punk purchase last Friday and 0x645’s 88 punk buy in a single block fueled speculative mania over the weekend as CryptoPunks’ floor price shot up from 23 ETH to 32 ETH in just 3 days. Other popular NFT projects like Bored Apes Yacht Club (BAYC) and Art Blocks enjoyed the spillover effect from CryptoPunks’ run-up over the weekend as volume & average sale price skyrocketed.

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