Join Our Telegram channel to stay up to date on breaking news coverage
The global non-fungible token market continues feeling the wrath of trade wars, started by the United States President Donald Trump and retaliated by other regions, including the European Union and Asia. An anonymous NFT investor in perfect testament to the mess created by the Trump tariff, among other factors, after selling his Punk NFT for just $6 million, losing $10 million in value. This NFT investor bought his CryptoPunks NFT collection for $16 million in 2024.
1▹ Crypto Markets Feel the Heat from Trump’s Tariffs!
Since Trump’s inauguration on Jan 20, crypto markets have faced pressure.
• $BTC -26%
• $ETH -54.6%
• $SOL -61.1%
• $DOGE -62.6%Tariffs are impacting all markets! pic.twitter.com/F0HbmNnmQ6
— FinChain (@Defi_FinChain) April 7, 2025
Punks #3100 Sells For $6 Million
In an April 10 blog post, CryptoPunks Bot, an analytic X account tracking the sales and bids of CryptoPunks non-fungible token collections, confirmed that CryptoPunks #3100 successfully sold for $4,000 ETH or $6,042,922. Punks #3100 is part of 10,000 pixilated NFTs previously created by the digital asset firm Larva Labs but now managed by the Bored Ape NFT Creator Yuga Labs.
Punk 3100 bought for 4,000 ETH ($6,084,359.86 USD) by 0x074ad7 from 0x705876. https://t.co/YMzLi5i8se #cryptopunks #ethereum pic.twitter.com/2dsOqsjAc0
— CryptoPunks Bot (@cryptopunksbot) April 10, 2025
The CryptoPunks NFT sales have pushed the NFT market to positive growth. Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a non-fungible token explorer, shows the NFT market has amassed a trading sales volume of $19 million. In the past 24 hours, the NFT trading sales volume has surged by 31% from the previous day. Punks NFT collection has accumulated over 30% of the total sale volume.
Ethereum, a blockchain network renowned for powering the majority of blue-chip non-fungible token collections, is today’s most-traded blockchain network in the NFT market. In the past 24 hours, the Ethereum-based NFT collection has amassed a trading sales volume of $9.6 million. During this period, the Ethereum NFT trading sales volume has surged by 187% from the previous day.
NFT Market Health Today April 11
Polygon, an Ethereum scaling solution blockchain network, is today’s second most-traded NFT collection in the NFT market. In the past 24 hours, the Polygon-based NFT collection has raised a trading sales volume of $2.7 million, up 4.23% from the past day. Mythos Chain and Base are the third and fourth most-traded NFT blockchains in the NFT market. In the past 24 hours, the Mythos and Base NFTs have raised a sales volume of $2.2 million and $1.6 million, respectively.
Related NFT News:
Best Wallet – Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
Credit: Source link
