The XRP Ledger (XRPL) continues to make progress in the NFT scene as NFT issuer XPUNKS finally hits 4 million XRP in secondary sales volume.
The XRP Ledger (XRPL) is taking the NFT industry by storm eight months after its entry. In its most recent move, the ledger just witnessed a secondary sales volume of 4 million XRP for the XPUNKS issuer. This achievement underscores an increasing level of acceptance.
XPUNKS’ official Twitter handle first highlighted the milestone in a recent reveal.
Huge milestone for us and the XRPL.
4,000,000 XRP in Secondary Trading Volume.
We literally just started.
The future will be very exciting. pic.twitter.com/UXjzzZzbbP
— XPUNKS (@XRPLPUNKS) Jun 29, 2023
“4,000,000 XRP in Secondary Trading Volume. We literally just started. The future will be very exciting’ the tweet reads and highlights that the recent achievement is an impressive achievement for XPUNKS and the XRPL.
Facts from the XRPL explorer Bithomp confirms the veracity of the claims. The XRP Ledger, in particular, has witnessed a massive total secondary sales volume of 16.4 million XRP from all publishers across all marketplaces.
Source Bithomp
Of this figure, XPUNKS has taken the largest share for a single issuer, at 4.1 million XRP, currently valued at $1.66 million. This represents 24.94% of the total cumulative NFT secondary sales volume on the XRPL.
XPUNKS rock bottom price up 93%
In addition to the recent achievement, the XPUNKS collection witnessed a huge rock bottom price increase. Crypto investor Shadi Alafenish drew attention to this surge, pointing out that the XPUNKS bottom price has risen from 699 XRP to 1,350 XRP.
$XRP got NFTs@XRPLPUNKS floor went from 699 $XRP to 1350 $XRP in just 5 days
It’s just pumping mode with real utility mixed with a strong delivering team
Get in before it’s too late
Next stop is 2000$ XRP floor
#NFTs #NFTCommunity #XRPCommunity #XRP pic.twitter.com/8QoCNMvM0o
— Shadi Alafenish.ADA (@ShadyAlafensh) June 29, 2023
This equates to a rating of 93%. According to the disclosure, this spike in the floor price occurred in just five days. Market participants such as Alafenish expect this increase to continue, resulting in a floor price of 2,000 XRP in the near future.
NFTs on XRPL
These bullish developments came shortly after Ragzyart, a prominent NFT artist, highlighted the outstanding features of the XRPL within the NFT scene. If revealed by The Crypto Basic, Ragzyart praised the speed of the ledger compared to other networks like Ethereum and Polygon.
In addition, the XRP Ledger is now among the top 10 NFT blockchains, have included more than 1.4 million minted NFTs. Bithomp facts further suggests that the network has observed the sale of more than 337,000 NFTs across all currencies, worth $21.4 million.
