Galactic Punks Secondary Market Trading

    Galactic Punks is the most important NFT project on Terra ecosystem thus far. Galactic Punks (GP) was available for mint on 2nd October but secondary market went live couple days later as it was the first project on RandomEarth. Currently floor price for GP is 49 $LUNA and if Terra booming, the floor price will explode accordingly. In this dashboard, we will take a look at the secondary sales metrics of GP.

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    The sales volume of GP explodes once the secondary trade was made available. And from there, the sales volume and count has tanked.

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    We can see that the floor price of each GP also has stabilized quite a bit. A day after it was made available on RandomEarth, floor price was around ~72 $LUNA and now its sitting at 40 or less. Maybe this is good time to get yourself a GP (NFA).

    Now let's take a look at top individual sales of GP on secondary market to date. We take sales that happens on RandomEarth for now as it is where most sales happens. The highest sales is the GP #7692 which was sold for staggering 15,300 $LUNA (over ~600,000 $UST) and the next highest was 1/3 of it in GP #4911.

    Now we will see the sales volume by the basic traits (which all punks have and not special traits) which are Backgrounds, Species and Suits.

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    From the traits vs sales graph, we can see that Terrarian Royalty 1 & 2 are most sought after and this is very well expected because those species are the rarest. 8 in top 10 sales are terrarian royalty.

    So, in conclusion, NFT with rare traits sell for much higher (well DUH!) and it is same for Galactic Punks. I read somewhere that holding early NFT is like holding leveraged native blockchain token. So, if we all bullish on Terra, then we might see much higher floor price, sales volume and sale frequency in the future. Adios