CryptoPunk #2385 Traded for 10 ETH, 96% Below Valuation- Data

In the past few months, non-fungible tokens (NFTs) have gathered a significant spotlight, mirroring major traction in trading volume. The intraday trading volume of the global NFT market grew more than 22% reaching $11,377,151.    

On September 11, 2024, CryptoPunk #2385 sales became a debatable topic in the broader cryptocurrency market. #2385  which is valued at around 600 ETH (about $1.5 million), was traded for a fraction of that price at 10 ETH (or just over $23,000). 

According to data from Cryptoslam(dot)io, the sales volume of CryptoPunk grew 175% in the past 30 days reaching $23,826,588. CryptoPunk #4034 is the most expensive NFT traded intraday followed by Punk #2741, #5410, and #6475. 

In the vast NFT market, BOOGLE #025 became the most costly NFT traded for $143,070 followed by CryptoPunk #4034 for $91,232, Paraluni Perpetual Bond #893 for $69,395, and Axie Infinity #3262 for $21,109. 

Guild of Guardians Heroes and Bored Ape Yacht Club have also lured significant enthusiasts in the past 30 days. 

The cryptocurrency market has flourished on its verge in the past few years, which also fueled the global adoption of digital assets. 

According to a report by Chainalysis, India has one of the highest adoptions of cryptocurrency globally, despite a harsh and unclear set of rules. 

Earlier on September 11, 2024, Todayq reported that Nubank had announced the suspension of the trading of its native cryptocurrency Nucoin (NUC), which lost over 90% of its value in May 2024. 

Most recently, the Economic and Financial Crime Commission of Nigeria has seized N548.6 million in bank accounts linked to suspected crypto users allegedly behind the devaluation of the nation’s traditional currency. 

Additional information notes, users reportedly own the funds frozen by the EFCC on some leading centralized exchanges, among others, based on their alleged role in the value manipulation of Nigeria’s traditional currency. 

The naira has been struggling and constantly losing its value compared to the U.S. dollar, as of writing 1 naira was valued equivalent to $0.00060. 

When writing the fear and greed index powered by CoinMarketCap was at 37, determining fear in the market. The cryptocurrency market capitalization surged 2.91% in the past 24 hours reaching $2.04 trillion. 

At the same time, Bitcoin was trading at $58,064 with an additional 2.41% intraday, and its price has grown 2.18% in the past seven days. In the past 24 hours the trading volume of BTC surged 21.73% reaching $37,133,090,526. 

However, the intraday gainer list is topped by Popcat as its price grew 17.38% reaching $0.663 followed by Sui (SUI) with a surge of 16.33% reaching $1.03. THORChain (RUNE) continues to bleed, reaching $3.97 with an intraday decline of 2.18% followed by Bitcoin SV (BSV) at $49.15 with a decline of 1.49%.