NFT Market Update - 20th June, 2022

Over the weekend Cryptopunks experienced unusual activity with more than 20 traded in one hour.

Solend, a decentralised exchange on Solana, is having a flash vote to determine whether a $100 million+ whale wallet should be commandeered to prevent severe contagion risk.

Yuga Labs announced former Christie’s NFT lead, Noah Davis, is hired to head up brand for Cryptopunks.

Sam Bankman-Fried’s Alameda Research is stepping in to prevent further contagion across the crypto sector during the current bear market as more key players face liquidation issues.

Over the weekend Bitcoin fell below $18,000 and Ethereum touched $898 before recovering back up over key support levels.