CryptoPunks NFT Trading Volume Hits New High Since March 2024

According to The Block, the trading volume of the CryptoPunks NFT series exceeded $24.6 million last week, setting a new record since March 2024, representing a 416% increase from the previous week. This trading frenzy is believed to be related to GameSquare's issuance of preferred shares to acquire Punk #5577 for $5.15 million, which also drove a significant increase in the floor price and average sale price of CryptoPunks.