Blistering NFT ‘sweep’ underway as CryptoPunks, Penguins surge
CryptoSlam strategist Yehudah Petscher told Cointelegraph in May he thought the market was poised for a rebound, but with a more tempered outlook.
Investors are rushing back into non-fungible tokens (NFTs) after a massive single-day “sweep” of blue-chip NFTs on Sunday, propped up by a crypto market rally.
CoinGecko data shows the largest NFT collection by market cap, CryptoPunks, experienced a 15.9% spike in its floor price from 40.9 Ether (ETH) to 47.50 ETH, worth over $179,000, with 83 of the NFTs snapped up by new holders in only a single day.
Pudgy Penguins, the second-largest collection by market cap, has spiked over 15% to 16.60 Ether ($62,597), with 100 new holders “sweeping” up the NFTs on Sunday.