Despite the recent general crypto meltdown that left many crypto and NFTs shedding more than 60% of their value, the non-fungible token market continues flourishing, with the upside trend seeming to go even further.
MineablePunks Thrive Amid The Bear Market
It’s worth noting that the NFT market suffered more than 30% loss following the recent FTX crash. Earlier this month, the crypto exchange platform announced it suffered a liquidity crisis.
But interestingly, the MineablePunk NFT collection has defied the bear market and has taken advantage of it to prove its market potential. The NFT collections have overturned dominant NFTs such as Bored Ape and CryptoPunk NFTs, and it’s now the top-selling NFT collection.
Launched in September 2021, MineablePunk is a collection of digital artwork on the Ethereum blockchain. The NFT collection features a limited edition of 2,285 NFTs held by 608 unique owners.
MineablePunk NFT Market Health
In the past 24 hours, the MineablePunk NFT collection has recorded a sales volume of 3,269 ETH. During this period, the NFT has outperformed the dominant Mutant Ape Yacht Club and Bored Yacht Club NFT collections, which follow distantly at 1,224 ETH and 1,073 ETH, respectively.
Over the same period, CryptoPunks has followed with a 24-hour sales volume of 212 ETH. MineablePunks has a total market cap of $175,105 and a floor price of $76.30. However, MineablePunks NFTs are not affiliated with Larva Labs, the creator of CryptoPunk NFTs.
According to NFT-stats.com, the MineablePunks NFT collection has sold more than 164 NFTs at an average trading volume of $15.29 million in the past seven days. The top-selling MineablePunk NFT collection recently sold for $1.1 million.
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