CryptoPunks has reclaimed the top spot, briefly overturning the popular BAYC. The Larva Labs NFT collection has become the most exclusive, rare and expensive, surpassing Bored Ape Yacht Club’s collection (BAYC). However, Cryptopunks was not able to sustain the first place for longer. Bored Yacht managed to get back the first position with a slight margin.
Cryptopunks’ NFT floor price indicates the lowest price at which an NFT of a collection is currently available for sale was reached 66.30 ETH, surpassing the BAYC floor price of 65.70 ETH as per the NFT floor price.
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In December, the Bored Ape Yacht Club (BAYC) NFT collection first surpassed Larva Labs’ CryptoPunks. Since then, Yuga Labs has acquired the intellectual property rights to CryptoPunks, so Yuga triumphs regardless.
The price of NFTs has declined over the past few months as crypto markets endured a turbulent period in May and June due to the collapse of Terra’s blockchain and subsequent liquidations. ETH has dropped 68% since November, which has harmed Ethereum-based NFTs in dollar terms.
The happiness for Cryptopunks did not last long, and at the time of writing, BAYC successfully had claimed its first spot with a floor price of 67 ETH while the Cryptopunks were retaining the second position with a Floor price of 66.45 ETH.