CryptoPunks Rally Past $200K Floor for First Time in Over a Year Amid NFT Rebound
CryptoPunks' floor price has surged 163% since August 2024, now surpassing $200,000 for the first time in over a year. This increase is attributed to a significant purchase of 45 CryptoPunks by an unknown buyer and rising Ethereum prices. As Ethereum approached $3,745, the minimum price for entering the CryptoPunks collection climbed from 20.45 ETH to 53.98 ETH. Recently, the NFT market saw its busiest trading days since February, with CryptoPunks accounting for over half of the trading volume. Despite previous market downturns, interest in NFTs appears to be reigniting as macroeconomic factors influence crypto prices positively. Analysts had previously deemed the NFT market near dead, but recent high-profile sales and events like NFT Paris 2025 suggest a revival in interest and activity in the NFT space, particularly among established collections like CryptoPunks.
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