Iconic NFT Collection CryptoPunks Reigns in Market Share Amid BAYC Decline
CryptoPunks, the iconic NFT collection, has regained market share after surpassing Bored Ape Yacht Club (BAYC) in May 2023. Despite a slight decline since the start of 2022, CryptoPunks remains the largest NFT collection, holding over 29.5% of the market. Yuga Labs' flagship BAYC has seen a notable decline in market dominance, falling from a 29.3% peak in January 2022 to 12.8% in October 2024.
Pudgy Penguins and Milady Maker have seen a steady uptrend, with Pudgy Penguins entering the top 10 NFT collections in September 2023 with a 2.7% market share and Milady Maker joining the top 10 in August 2023 with a 2.5% share. These rises are particularly notable in the wake of 'blue chip' NFT price crashes that saw six PFP collections drop out of the top 10 rankings.
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