CryptoPunks Explained

Created by Larva Labs The CryptoPunks are a collection of 24x24, 8-bit-style pixel art images of misfits and eccentrics. There are exactly 10,000 of them, each with their own ostensible personality and unique combination of distinctive, randomly generated features.

this dashboard will analyze the multiple metrics of CryptoPunks and it’s market activities, and we will conclude our analysis with the most successful players of CryptoPunk Market.

Market Status

Traders

we can see from the charts that ==August 2021 was the busiest month for Punks in terms of market activity with nearly 2500NFTs traded==.

looking at the Floor chart again it’s clear that ==this surge in market activity had a direct correlation with floor price increase==.

with floor stabilizing at over 82 ETH till December 2021 we see a notable decrease in number of Punks being traded as it stablishes itself as the holy grail of NFTs and most holders don’t settle to sell their Bluechip for lower price.

looking at the price chart we can see that Punks floor was on a decline from it’s ATH in October 2021 till Jun this year, then the ==floor price rallied up in mid june about 50% from 50ETH to an average of 75ETH==.

but ==once in a while a big purchase happened as we can see in the table on the left side and this huge sales usually cause an increase on the floor price of the punks== as NFT community usually link these sales to big news like a potential token drop for Cryptopunks just what we saw with BAYC collection and APE token.

it should also mentioned that Yugalabs, the creator of BAYC collection bought the intellectual property of punks in Mars 2022.

Methodology & Related Sources

• i used FlipSide Crypto’s ez_nft_sales tables to query my data. to find successful traders i queried all of the purchase and sold NFTs of each wallet interacted in trading Punks in all markets.

  i excluded wash traders and eliminated sudden spikes in price for a better representation of floor price. spikes usually happened when we had only a rare Punk traded in a single day with very high price.

• thanks to Piper and marqu for helping me out with the Floor chart.

  \

• Larva Labs Website

• Discord ID: moshiri#7927

  
  \

Verdicts

• August 2021 was an important month in the CryptoPunk History as floor price went parabolic with massive number of sales.
• Punks Floor reached to an ATH of nearly 130ETH at the end of August 2021.
• Top 10 highest Trades in 2022 had a cumulative Volume of nearly 50 MM.
• Punk #5822 was the most expensive token in the collection this year sold for about 24MM in April.
• \
• Most Successful Punk Trader made about 50MM in profits with 170 sales, since this address doesn’t appear at top buyer wallets we can understand that they used other wallets to purchase and transfer to their address in order to sell.