Try Quests to earn cryptoCryptopunk Sales and Traders
Which 10 wallets are the most successful Cryptopunk traders? Successful could either mean the wallet has accumulated a large balance from sales or has accumulated a large number of Punks. Explain your methodology and findings.
In the bull market, cryptopunk sales have been at their peak.
Most of the time, the daily volumes in 2021 were above 1 million, but in 2022, this amount is decreasing and reached below 1 million. In this chart, we see the movement of Sharp volume on ==October 28, 2021==, which has incredible volume with low sales numbers.
This strange volume is related to the sale of Punk 9998, which was sold at the price of 124,457 ETH.
- Total volume in 2021: ==2.1136 B$==
- Total volume in 2022: ==427.34 M$==
- Total sales in 2021: ==10.191 K==
- Total sales in 2022: ==2211==
An interesting point to note in the growth chart of punks
The number of buyers in 2021 was always higher than sellers, but in 2022, sellers were more than buyers.
METHOD
In this dashboard, we will review ==sales== and ==sales volume==, and the best ==holders== and best ==traders== in Cryptopunk.
We use the following contracts to check these cases:
0x6ba6f2207e343923ba692e5cae646fb0f566db8d
0xb47e3cd837ddf8e4c57f05d70ab865de6e193bbb
and used ethereum.core.ez_nft_sales table.
Volume and sales charts can be viewed ==daily==, ==weekly==, ==monthly,== and ==annually== from the beginning of 2021.
What are ==Cryptopunks==?
CryptoPunks are collectible works of crypto art represented by Ethereum NFTs. There are 10,000 tiny, 8-bit-style punks, each with its own distinct qualities. As one of the earliest well-known NFT initiatives, they influenced many crypto artists and even the creation of the ERC-721 token standard for digital collectibles.
These are essentially 24 x 24-pixel pictures that are considered art. Furthermore, these are primarily punk-looking men and women with a few uncommon kinds thrown in for good measure. Apes, Aliens, and Zombies are examples of these kinds. In truth, the most intriguing feature is that each and every punk is unique, which is why these are so precious in the NFT market. It is a novel type of asset tokenization.
Furthermore, you may check out every punk’s official webpage to discover what qualities or attributes they have and how much their current worth is. Another distinguishing feature of these CryptoPunks is that there are only 10,000 of them in total. The developers will not produce anymore or will have no influence over their circulation. On the Ethereum network, a single punk is owned by a single person. At first glance, these little, pixelated faces in tiny squares don’t appear to be anything exceptional. Some people are smoking pipes. Others wear caps. Some of them are even aliens. However, when it comes to NFTs, appearances can be deceptive.
The mere possession of one of these odd-looking punks could certainly buy you anything from a tiny flat to a sprawling house.
Who Created Cryptopunks?
In 2017, software engineers Matt Hall and John Watkinson undertook an experiment that resulted in their invention. The duo wished to develop a software application that could generate hundreds of distinct avatars. The program created a total of 10,000 avatars.
Hall and Watkinson originally intended to utilize this software to create an app, but these avatars quickly became a great leap in technology. The Ethereum blockchain stores this type of digitally created art. Hall and Watkinson were able to redefine what it meant to ‘own’ anything using this technology.
CryptoPunks was the first non-fungible token when it was introduced in 2017. Furthermore, the platform uses the Ethereum blockchain to power the CryptoPunks’ development and architecture. As unbelievable as it may sound, CryptoPunks were made available for free in 2017. At the time, Ethereum’s ERC-721 non-fungible token standard didn’t even exist, so the two-person team at Larva Labs launched them as an experiment. Ethereum wallet users scooped up the 9,000 CryptoPunks made available to the public, while Larva Labs kept the remaining.
==source==
Out of 1000 coins, 2128 coins belong to 10 wallets.
Most punks belong to Wrapped PUNKS with contract 0xb7F7F6C52F2e2fdb1963Eab30438024864c313F6
In the second place is the address of 0xA858DDc0445d8131daC4d1DE01f834ffcbA52Ef1 (==Yuga Labs==)
More than 44% of the top 10 wallets belong to the first two wallets.
5 wallets have not been active for more than 5 months
Here we review the top 10 most profitable wallets.
We can see that 90% of wallets have profited above 10 M$.
Only one wallet ==(0x577ebc5de943e35cdf9ecb5bbe1f7d7cb6c7c647)== is in Holder's top 10 wallets.
The first rank of the wallet ==0x6639c089adfba8bb9968da643c6be208a70d6daa== with more than 50 M$ has taken nearly 25% profit.
The profit volume of 10 wallets is more than 190 million.
Conclusion
Cryptopunk is one of the largest NFT collections in the world and ranks first in sales volume in many markets.
The charts show how this set has grown and peaked in a bull market and then reached an equilibrium.
This collection has its own fans due to its very high price, however, we see that it has been sold 90% of the days.
It seems that with the growth of the market, this group can grow again like in 2021, and maybe even reach a new ATH.
