Hold onto your digital hats, folks! The legendary CryptoPunks are making waves in the NFT ocean once again, securing their spot at the top of the leaderboard with a whopping 30.9% market share. It's like the comeback story of the year in this rollercoaster NFT market!
Picture this: at the start of 2022, CryptoPunks were playing catch-up with a 24.8% share, trailing behind the then-leader, Bored Ape Yacht Club (BAYC), which was basking in the limelight with 29.3%. Fast forward to November 2022, CryptoPunks had a brief moment in the sun, overtaking BAYC, only to slip back into second place, but they never lost sight of the top spot. And voilà, in May 2023, they snatched the crown again, thanks to their rock-solid floor price. Their journey has been nothing short of epic, with market dominance swinging between 14.0% in May 2022 and a peak of 36.6% in January 2024.
CryptoPunks pulled off a rare feat, expanding their market share by a cool 10% in one year, climbing from 23.6% to 33.6% in 2023. Even with a slight dip this year, they still tower over the competition with a 29.5% share—more than double that of any other NFT collection!
Meanwhile, BAYC, once the shining star of Yuga Labs, has seen its market dominance shrink from 29.3% in January 2022 to a mere 12.8% in October 2024. Their floor price has also taken a nosedive since its May 2022 peak, highlighting the struggles of PFP NFTs amid oversupply and sky-high prices.
Mutant Ape Yacht Club (MAYC) hasn't fared much better, with its market share dwindling from 8.5% to 4.1%, and its ranking slipping. Even BAYC’s metaverse land NFT, Otherdeed for Otherside, saw its once-strong presence fade, dropping out of the top 10 by mid-2023.
But wait, there's more! Pudgy Penguins and Milady Maker have been climbing the ranks with a steady upward trend. Pudgy Penguins waddled into the top 10 in September 2023, starting with a modest 2.7% share and growing to an impressive 9.5% by October 2024. Milady Maker joined the party in August 2023 with a 2.5% share and has been holding strong, inching up to 4.5% by October.
Their rise is particularly noteworthy as ‘blue chip' NFT price crashes have seen six PFP collections—Moonbirds, Veefriends, Doodles, Meebits, World of Women, and Cool Cats—drop out of the top 10 rankings. It's a wild, wild world in the NFT kingdom, and CryptoPunks are proving they've got staying power!
