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The Ethereum-based NFT market is witnessing significant activity with multiple high-value transactions reported. Three 'Three Meridians' NFTs by artist @mattdesl were acquired by different buyers, each within the 8-10 ETH range, setting the floor price at 8.5 ETH. A notable event in the market was a 'sweep' of 11 CryptoPunks by Flooring Lab, two of which were traded on the Blur platform, resulting in a floor price increase to 55.5 ETH. This surge in activity was highlighted by the sale of a rare Punk featuring a top hat and VR goggles for 149.69 ETH, which was more than double the floor price, from @punksOTC to a new owner. The Punk in question last changed hands for 135 ETH in June, with only two other top hat Punks sold since then. A Blue Bandana Punk was also traded on Blur. Additionally, a Punk was noted to have a credit limit of 119.5 ETH on the lending platform @JPEGd_69, indicating a stable borrowing capacity against its value, with a $150K borrow representing a 56% Loan-to-Value ratio, well within the 80% limit and a 2% APR on USD. The Bitcoin NFT market is also evolving, with key collections such as @Bitcoin_Punks_ and @goosinals maintaining strong floor values.
#Bitcoin #NFT Market Continues to Evolve; Key Collections Like @Bitcoin_Punks_ and @goosinals Cement Strong Floor Values https://t.co/zpEtd8V7gf
This Punk has a credit limit of 119.5 ETH on @JPEGd_69, making a $150K borrow only a 56% LTV borrow on up to an 80% limit. With 24% left, Punks FP would have to go to 42 ETH at current ETH/USD to risk liquidation. If youβre worried, insurance is available. 2% APR on USD. β¬ οΈππ€ https://t.co/BUPJBDHVVB
11 punks swept bij Flooring Lab π§Ή (9 on CryptoPunks marketplace, 2 wrapped ones on Blur) Followed by a VR / Top Hat & a Blue Bandana (on Blur) π€ https://t.co/vaYD289yrr
The boomer NFT project (punks) on the boomer chain (ETH) shows some youthful energy with a SWEEP of 11 (including 2 on Blur)... and shortly after there's a 150 ETH sale of a top hat/VR grail. Floor up to 55.5 ETH. https://t.co/VNxJJ6Q1Ww
Just like that we see another Punk sale. This time a premium -- VR + Top Hat for Ξ149.69, more than 2x floor. From @punksOTC to a previously Punk-less wallet. Last sold for 135 ETH in June. Only two other Top Hat sales since. https://t.co/QdQ2E24x0Q https://t.co/2EdIbFlZDc
Three Meridians by @mattdesl picked up yesterday by three different buyers. Each sold in the 8-10 ETH range. Floor is 8.5 ETH. https://t.co/PJbZ1msnXI