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Your move, Punk 👨‍🎤

Your move, Punk 👨‍🎤

Floor prices for CryptoPunks have climbed 163% in the past year, rallying above $200,000 for the first time since March 2024—is NFT season back?

Stephen Graves
July 29, 2025

📝 What you need to know

”NFTs are dead!” has been a common refrain since the digital art market slumped in 2022—but recently the high-end NFT market seems to have been showing signs of life.

This week, CryptoPunks—the OG NFT collection—saw their floor price climb above $200,000 for the first time in over a year, while NFT trading on Ethereum hit its busiest day since February (the same month that 20,000 NFT collectors descended on Paris for the annual NFT Paris conference).

So are NFTs back? It’s tough to say, since much of the interest seems to have been driven by a recent sweep of 45 Punks, coupled with rising Ethereum prices. That aside, there have been a number of strategic purchases of CryptoPunks, with targeted buys of rare attributes.

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💬 Quote of the Day

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“We think ETH treasury companies have even more growth potential than BTC ones from a regulatory arbitrage perspective.”

Geoff Kendrick, global head of digital assets research at Standard Chartered

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