Elon Musk Tweet Pushes CryptoDickButts Sales 11k%

Check out the NFT Highlights ranking between October 23 and 30, 2022

CryptoPunks and Bored Apes kept dominating the top NFT sales ranking this week, with Punk #924 and Ape #2764 selling for 475 and 187 ETH respectively. The two collections have again seen their market cap reach $1 billion while both their collections and ETH appreciate. Exceeding all expectations, the NFT collection CryptoDickButts saw its volume increase by 2161% after Elon Musk tweeted a meme that resembled their collectibles. It’s another interesting week in NFT highlights, so keep reading to know more about it.

CryptoDickButts see increased activity over Elon Musk’s tweet

In what appeared to be an as-yet-expected week in the NFT space, last Sunday, Elon Musk brought surprises to the market. Intentionally or not, Twitter’s new owner often has influence in the crypto world through his comic tweets and ironic opinions.

While on Saturday the CryptoDickButts collection had a  timid volume increase of 4.54 ETH, after Elon’s tweet, the collection ended the week with a 252.93 ETH increase – 2161%.

At the time of writing, the collection’s floor price stood at 2.68 ETH ($4,226), and total volume had already reached 11,000 ETH ($17,346,450).

Dogecoin and Baby Dodge Swap are other Web3 projects that have also benefited from Elon Musk’s tweets indirectly in the past, showing the power of the community’s mass actions.

CryptoPunks & Bored Ape reach a $1 billion market cap

It’s also been a good week for blue-chip NFT investors. Giants CryptoPunks and Bored Ape Yacht Club (BAYC) saw their market cap back to more than $1 billion.

Also this week, the sudden 12% increase in the value of ETH led to a corresponding increase in the value of NFTs built on the Ethereum blockchain and, consequently a surge in trading volume for high-value NFT collections like Bored Ape Yacht Club (BAYC) and CryptoPunks.

BAYC and MAYC NFTs saw their trading volume increase by 100% during those days, meaning collectors were taking advantage of the sudden appreciation to sell for ETH.

Check out the list of NFT Sales Highlights

N.B. Dollar values given are correct at the time of the sale.

Every week, DappRadar highlights not only the most expensive NFT sales but also the most interesting in the previous seven days. While huge numbers are sure to capture headlines, it’s also essential to highlight emerging trends and keep the DappRadar community ahead.

1. CryptoPunk #924 – $737,160 / 475 ETH – Owner’s wallet
2. Bored Ape Yacht Club #2764 – $296,810 / 187.18 ETH – Owner’s wallet
3. Ringers #771 – $202,150 / 150 ETH – Owner’s wallet
4. CryptoPunk #3866 – $199,320 / 149 ETH – Owner’s wallet
5. Bored Ape Yacht Club #5533 – $149,940 / 150,000 USDC – Owner’s wallet
6. Bored Ape Yacht Club #7110 – $146,530 / 107.5 ETH – Owner’s wallet
7. CryptoPunk #7235 – $146,160 / 92 ETH – Owner’s wallet
8. CryptoPunk #5736 – $146,030 / 99.95 ETH – Owner’s wallet
9. Bored Ape Yacht Club #7686 – $141.51k / 91 WETH – Owner’s wallet
10. Bored Ape Yacht Club #1563 – $139.17k / 90 ETH – Owner’s wallet

The biggest NFT sale of the week: Unsurprisingly, the top of the list goes to the CryptoPunk collection once again. CryptoPunk #924 was sold for 475 ETH (over $737,160), making it the third biggest sale of October. This collectible had remained in its previous wallet for over a year, and the previous owner, who had purchased it for 269.69 ETH, made a considerable profit from the trade of more than 205 ETH.

The NFT Ringers #771, from the Art Blocks collection, also debuts in our sales highlights this week, having been purchased for 150 ETH ($202,150).

Top NFT collections of the week

Concerning top NFT collections per total volume, this week’s ranking also features Yuga Labs. Four of the five biggest collections belong to the studio, with CryptoPunks and Bored Ape Yacht Club leading the way, despite having deficits of 6% and 11.21% in weekly volume, respectively. However, a pattern hits all major collections: the rise in their floor prices and total market cap compared to the previous week.

Otherdeeds kept last week’s pattern increasing the number of sales. While last week there was a 128% increase in the number of sales, this time the number rose by 16.5%. Likewise, Mutant Ape Yacht Club kept a positive trend, being also the only collection in the top 5 to increase the number of traders.

Azuki saw the biggest increase in the collection’s minimum entry point, with the floor price up 42.86%.

It has been a busy week for the brand that has attracted many prying eyes after its cryptographic BEAN chips launch and the creation of Physical Backed Tokens (PBT) and the golden skateboards rush.

Track NFTs with DappRadar

If you want to learn more about NFTs, our guides and reports  DappRadar introduces you to this ever-evolving space.

Moreover, DappRadar allows you to oversee and manage your NFT portfolio and track the best collections on Ethereum. See how in the video below.

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The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your own research.

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