4-Digit ENS Domain Sales on OpenSea Goes on a Spike

In the past week, Ethereum domain name sales ranging from 0000 to 9999 on OpenSea have skyrocketed as investors want to get into the very exclusive 10,000 club. In fact, the 10,000 ENS NFTs have sold out for $200 each in under six hours and are now trading on secondary markets for over $1,500.

Investors Rushing to Grab Up 4-Digit ENS NFTs

According to data from the Dune Analytics dashboard for ENS, the jump in four-digit ENS domain name began on April 21, with the number of overall eth. name registrations spiking from 2,721 to 21,188 by April 28.

From the past seven days, ENS domains' trading volume on OpenSea has climbed up by 3,333% to 2,613 ETH, or $7.3 million, at the time of writing. The last 48 hours have seen the most ENS NFT trading on OpenSea with the most expensive domain so far, "555.eth," selling for 55.5 ETH, or $156,821.91, on April 28.

At the time of writing, the current floor price for three-digit domains is at 6.5 ETH ($18,850), while that for four-digit domains is at 0.5 ETH ($1,450).

Community of 10K Club

Holders from the 0-9999 digit ENS names have already formed an exclusive Discord channel called the 10kClub.

At the time of writing, nearly 6,000 ENS holders had joined this social club. According to its official twitter page there is no roadmap.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

ENS domain name\ ENS NFT Three Digit ENS 4 Digit ENS Ethereum Domain Names

4-Digit ENS Domain Sales on OpenSea Goes on a Spike

Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.