Porsche, the luxury sports car manufacturer, has recently entered the world of non-fungible tokens (NFTs) with the minting and trading of digital collectibles. However, due to poor sales, Porsche NFT closed its minting operations and suddenly its price soared.
According to on-chain data, the Porsche NFT market has seen a total volume of 2,348 ETH from 1,681 trades, with an average of $2,389 per trade. The market also boasts 1,532 unique owners, with 64% of them being one-time buyers.
It is worth noting that only 2,363 out of the total 7,500 NFTs were minted, about 31% of the total NFTs, which makes the Porsche NFTs even rarer. The data shows that 75% of owners own only one item, while 21% hold between 2-3 items. A small percentage, 3%, hold between 4-10 items, 0.5% hold between 11-25 items, and just 0.1% hold between 26-50 items.
The majority of the volume, 66%, occurred on OpenSea, a popular NFT marketplace, with 32% on Blur and 1% on Looksrare, and 0.7% on X2Y2. The highest sold Porsche NFT reached 7.99 ETH. With this sudden surge of interest, Porsche NFT currently ranks first in 24-hour trading volume, reaching 2.05K ETH, and the floor price reached 2.9ETH.
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