Hedz NFTs Outsell CryptoPunks – NFT Sales Highlights

Hedz NFTs
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Check out the NFT Sales Highlights ranking between September 18th and 25th, 2022

A new collection of NFTs called Hedz by the original creator of the Pepe the Frog “feels good man’ meme generated more trading volume in the past seven days than CryptoPunks. This has increased the average price of a newly launched Hedz NFT from 1.8 ETH to 2.4 ETH. 

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

The highest value NFT sale in the past seven days was for CryptoPunk #7273 for 369 ETH, or almost half a million dollars. Second place also belongs to another punk, CryptoPunk #3313, for 236 ETH, or about$305,000. Interestingly each punk was purchased by a different buyer, but the two have 3D glasses metadata. 

The third highest sale belongs to Bored Ape Yacht Club #5708, which changed hands for 169 ETH, or about $218,000. Again we see that this NFT is sporting holographic eyes metadata. Do these buyers know something we dont about the relevance of these blue chip NFTs having the ability to view the 3D world? 

CryptoPunks and Bored Ape Yacht Club NFT sales dominate weekly top value sales rankings. However, other NFT outliers constantly change hands for substantial values, while other collections launch to immediate interest. 

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Check out the list of NFT Sales Highlights

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

BAYC Shopping Spree

One member of the BAYC family went on a big shopping spree this weekend, purchasing 10 Mutant Apes and two Bored Apes Yacht Club NFTs. The buyers spent about 330 ETH, or approximately $430,000. The most expensive purchase was BAYC #4352 for 83.5 ETH, or around $107,000. These purchases, alongside an already bulging NFT collection, swelled the value of this wallet to an estimated 1.08 million dollars.  

Using the DappRadar Portfolio Tracker NFT Financial View, we can see already they have generated a profit on their recent purchases. The value change for MAYC NFTs in the last few days means this buyer is already in 1.92% profit, or around $4,000 should they choose to sell.

While the collection of 5 BAYC NFTs increased by over 19.2 ETH in value, pushing the overall value of this wallet’s BAYC NFT collection up by more than $24,000.

While this investor believes heavily in the future of PFP avatar NFT collections and their utility, the industry is starting to turn on them. A recent Coin Telegraph article stated that Bored Apes are a demeaning distraction from various important technological purposes that NFTs serve. This buyer must not have got the memo

Hedz 

Despite cooling NFT prices and collection launches relative to the highs seen last year, some new NFT collections are launching to a great reception. Hedz by artist Matt Furie is one collection that’s caught the community’s attention, if only for the exciting back story surrounding Matt Furie as the original illustrator of the Pepe the Frog meme. One thing is sure, after all that action, Matt can finally say it ‘feels good, man.’ 

In a nutshell, Matt created the original Pepe the Frog image with his catchphrase ‘Feels good man,’ and in true internet style, it took on a life of its own. Adopted by various political and other groups, it’s safe to say Matt lost all control of Pepe. Even worse, Matt never received any financial remuneration for his world-renowned creation.  

The Hedz collection can be seen as Matt Furie’s retribution, and the community has rallied behind him. In the last seven days, Hedz became the 5th most traded NFT collection on DappRadar, generating more than $3.7 million in trading volume.

Interestingly, the floor price of a Hedz is around $2,000, but NFTs are changing hands for closer to $3,000. Hedz’s trading volume in the past seven days places them above another new collection called Renga by artist Dirty Robot and above CryptoPunks and Otherdeeds.  

Hedz NFT

Some buyers have already revealed their Hedz artwork, while others left it uncovered. The illustration tone is familiar with Matt Furie’s signature style all over the NFTs. The collection launched last week, and the top sale in the previous seven days was for an unrevealed Hedz, which has already changed hands twice since mint, selling for 6 ETH, or around $7,500 four days ago.

Hedz NFT

Crypto Art Connoisseur 

One trend this year has been an increase in the trading of generative crypto art, specifically through the Art Blocks curated platform. Fine artworks have always been considered a safe bet against global inflation and economic turmoil; now, it appears crypto art has taken on a similar purpose in the crypto-verse. 

There have been 1052 crypto art sales this past week through Art Blocks, the most expensive being Fidenza #196 for 104.75 ETH, or around $135,000 at the time of the sale. Most interesting is that this wallet has also been on a shopping spree lately. Seven of the top 10 Art Blocks sales this week landed in this wallet, with a combined value of more than $900,000. Not that surprising when we see the wallet has a total value across all NFTs and tokens of almost $29 million.   

Scam Alert!

Every week while scanning the top NFT sales, we find results that look out of place or straight-up erroneous. A couple of ENS domain names have changed hands several times this week in what looks to be the holder trying to inflate the value of their domain name. 7055.eth and 435453.eth show signs of suspicious trading activity. 

Looking at the trading history and metadata of 7055.eth shows us that this domain was initially registered in April 2022. The ENS domain started to be traded between several wallets, pushing the value to around 38 ETH. 435453.eth was initially registered on September 18, 2022, and shows even more transactions taking place over the last few weeks in an attempt to inflate the value of this 6-digit domain

We highlight such trading activity to make the DappRadar community aware and vigilant against purchasing such NFTs. See our complete guide here for a more in-depth guide to avoiding getting scammed when buying or trading NFTs.

The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research. The writer holds positions in various cryptocurrencies, including BTC, ETH, and RADAR.

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