The floor price of NFTs from the CryptoPunks collection has once again reached $100,000, marking the first time since June. This surge is believed to be driven by the rising price of Bitcoin and an overall uptrend in the crypto market. Additionally, experts attribute this to a sharp increase in trading volume, which exceeded $14.5 million over the past week.
According to analyst Stats, more sales have been recorded in the past four days than in any comparable period over the last year. Data from CryptoSlam shows that CryptoPunks' weekly trading volume has surged by 873%, coinciding with a 95.11% increase in the overall NFT market volume, which reached $170.6 million.
A record number of unique CryptoPunks owners has also been reached. Etherscan reports that the figure now stands at 3,795 holders.
Why Are Punks Trending Again?
The renewed interest can be partially explained by the growing wealth of new participants, thanks to recent successes in the crypto market, which saw its capitalization increase by $500 billion in a week. For example, X user RARE shared that they managed to purchase CryptoPunk #2965 for 36.69 ETH (~$113,600) thanks to a single successful trade.
CryptoPunks remains one of the most iconic collections. The most expensive NFT from the collection (#5822) was sold in February 2024 for a record 8,000 ETH ($24 million). In the last 24 hours, CryptoPunk 8958 was sold for 169.7 ETH ($519,000).
