Cypherpunk and BAYC floor price neck and neck as punk briefly overtakes boring ape

Sunday, August 21, In 2022, the floor of the Cryptopunks non-fungible token (NFT) collection briefly exceeded the floor of the Bored Ape Yacht Club (BAYC) NFT collection. Although not very big, the bottom layer of Cryptopunks at that time was 66.45 ETH, while the cheapest NFT in BAYC was 64.99 ETH.

Cryptopunks quickly reclaimed last year’s throne by flipping BAYC’s reserve price

Non-Fungible Tokens (NFTs) sales are sluggish According to cryptoslam.io statistics, this week has been very good, down 18.75% from the previous week’s sales. Bored Ape Yacht Club (BAYC) topped this week’s sales list with $15.087189 billion in sales, up 61.47% from last week.

👀 pic.twitter.com/NOprcn7Vja

— Nick Tomaino (@NTmoney) August 20, 2022

Although Cryptopunks was the sixth-largest collection of NFT sales this week, with $4,517,133 in sales this week, but sales were down 52.38% from the week before. Despite a drop in sales over the past week, Cryptopunks’ reserve price briefly flipped BAYC.

On August 21st, at 1:45pm EST, Cryptopunks’ floor is 66.45 ETH or $107,866. At the time, BAYC’s floor price fell to 64.99 ETH or $105,623. The head-to-head battle had been going on for the better part of the day, and in the late afternoon, BAYC managed to retake the top floor.

NFT floor price and 26 days ago July 26, 2022 is very different. At the time, the top-bottom value of BAYC was 82 ETH as it was the cheapest BAYC that day. Cryptopunks NFT was in second place on the day, as the floor price on July 26 was 73.95 ETH. In fact, archive.org statistics show that BAYC has maintained a top-bottom value within a week for several months in a row.

Block Crypto’s popular NFT floor price on August 21, 2022 chart.

Today’s head-to-head is at Last week’s intellectual property license following the release of Cryptopunks and Meebits by Yuga Labs. The new license enables Cryptopunks and Meebits owners to use their NFTs for commercial or personal purposes. The company’s BAYC NFTs also have NFT owner licenses, but Galaxy Digital research claims serious inconsistencies in the licenses covering BAYC, MAYC, and BAKC NFTs. The value on August 21, the opposite happens on December 22, 2021. The lowest BAYC at that time was 53.9 ETH, while the lowest Cryptopunk was 52.69 ETH. However, after BAYC flipped Cryptopunks late last year, it has maintained its dominance in top-tier value. With few exceptions, the NFT collection PROOF Collective briefly flipped BAYC.

Following a brief flip early Sunday afternoon, BAYC managed to regain the top spot and at 4:00 PM (EST), BAYC’s floor price was 68.48 ETH, while The base price for Cryptopunks is 66.45 ETH. While BAYC has a market cap of $1.11 billion at the time of writing, Cryptopunks is now worth around $1.07 billion. At 5:30pm, BAYC has a reserve price of 68.48 ETH and Cryptopunks has a reserve price of 66.45 ETH.

Tags in this story

BAKC, BAYC, BAYC Sale, Boring Ape, Boring Ape Yacht Club, Boring Apes flipping Punks, cryptopunks, December 2021, Flippening, Flipping, floor, Floor Values, Galaxy Digital Research, MAYC, nft, NFT sales, NFTs, Non-fungible token sales, Non-fungible token, Proof Collective, punks flipping Bored Apes

What do you think of Cryptopunks briefly flipping BAYC’s reserve price on August 21, 2022? Do you think the head-to-head fight will last long? Let us know what you think about this topic in the comments section below.

Jamie Redman is Head of News at Bitcoin.com News and a fintech reporter living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,700 articles for Bitcoin.com News on the disruptive protocols emerging today.