CryptoPunks, Otherdeed, Meebits Are The Real NFT Diamond Holders in 2023

Despite the downturn in the NFT market, owners of CryptoPunks, Otherdeed, and Meebits are holding onto their assets, with over 75% of major collections not being traded. This includes 91% of all CryptoPunks, 89% of Meebits, and 84% of Otherdeed NFTs. While trading volumes have dropped significantly, holders of blue-chip NFTs are not selling their assets. The motivator behind this behavior is unclear, but it suggests that these NFT collections are seen as valuable long-term investments.