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CryptoPunks floor price exceeds $200K for the first time since March 2024
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Floor price jumped 163% since August 2024, now 53.98 ETH
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45-Punk sweep and ETH rally drive renewed demand
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NFT market sees busiest trading day on Ethereum since February
Massive Sweep Sparks Price Surge
CryptoPunks, the iconic 10,000-piece NFT collection on Ethereum, has reclaimed center stage in the NFT world, with its floor price rising above $200,000. The current floor sits at 53.98 ETH, up from 20.45 ETH in August 2024, marking a 163% gain. With ETH trading around $3,745, this brings the entry point for the collection above $200K in dollar terms for the first time in over a year.
This momentum was partly fueled by a sweeping purchase of 45 CryptoPunks, reportedly totaling nearly $10 million. The bulk buy sent floor prices soaring and reignited trader interest across the NFT ecosystem.
NFT Market Reawakens With ETH Momentum
The broader Ethereum NFT market is also showing signs of revival. On July 20, Ethereum-based NFT trading volumes spiked to $26 million, the highest daily total since February. More than half of that came from CryptoPunks' official marketplace. Market watchers link the renewed interest to ETH price gains, macro shifts weakening the dollar, and strategic purchases of high-value NFTs with rare traits.
CryptoPunks also dominates lending activity, with over $21 million in active loans on Gondi, according to DappRadar. The collection continues to serve as a bellwether for the NFT market’s health and high-end asset demand.
