XRPL “CryptoPunks” absorbing millions of XRP from start of sales
Yesterday was an eventful day in the life of the XRP Ledger regarding NFTs. On the same day as an implementation of the long-awaited new standard, XLS-20, the XPUNKS Collection was launched – the equivalent of the now legendary Cryptopunks, but on XRPL. At yesterday’s XLS-20 NFT sale launch, XPUNKS Perhaps the most popular and in demand was the collection.
The minting of XPUNKS and a couple of other new XLS-20 NFTs took place on the onXRP marketplace, arguably one of the leading projects of the ecosystem. According to statistics, XRP’s trading volume reached 3 million, the equivalent of $1.4 million, in the first hour since the start of minting. In two hours, volume has increased by almost another 3 million XRP, which is the equivalent of $2.63 million.
So the XLS-20 NFT sales surpassed the recent NFT sales on Reddit and reached a quarter of the monthly figures for Cardano NFT, which experienced a surge in interest last month. The floor price of XRPL Punks is now set at XRP 2,750, and so far only 728 items out of 10,000 have been sold.
What’s the target?
According to Kaj Leroy, head of onXRP and creator of XPUNKS, XRP Ledger could become at least a third force in the NFT space. Given that Cardano’s top marketplace has sold NFT worth $11.2 million in the past 30 days, XRPL could easily overtake them in the first month, Leroy said.
