WHAT CRYPTOPUNKS GROWTH SPIKE REALLY MEANS/
As far as the NFT and crypto go hand in hand, rarely there is a better example of a potentially huge yet volatile market trend like the CryptoPunks. Why?
CryptoPunks, an NFT collection that is currently rated #2 in size of market cap and floor price, witnessed massive growth in terms of unique addresses purchasing the NFT.
The new outcry of an interest in the CryptoPunks could be seen as a nod to a recent spike in CryptoPunk’s social activity.
Well, we should remember that an upheaval in theinterest in the CryptoPunks collection could also impact the overall health of the NFT market.
According to an NFT analyst who goes by the Twitter handle @punk9059, the amount of proof unique addresses that own CryptoPunks grew substantially over the past year.
Well, the number of unique addresses holding CryptoPunks surpassed 3600 now which hits a market significant customer activity. .
One of the main explanations for CryptoPunk’s growth could be the upsize in its social media as of recently. As can be seen, CryptoPunk’s social media volume was pretty much flat throughout Sep. However, over the last few weeks, it saw some huge rises.
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