CryptoPunks NFT Reclaims Glory: Market Cap Surges, Floor Price Hits 50 ETH

7/28/2025, 4:42:36 AM
Beginner
Quick Reads
The NFT market has seen a strong revival lately. CryptoPunks NFT market capitalization soared 94% to $6.6 billion, while the floor price broke past 50 ETH. Several transactions over $10 million each highlight the rarity and value of these assets.

NFT Market Rebounds Across the Board


Source: https://opensea.io/collection/cryptopunks

In the summer of 2025, the overall crypto market stabilized and began to rebound, led by a recovery in the NFT sector. Total NFT market capitalization surged from $3.4 billion at the end of June to $6.6 billion. According to DappRadar, this rally coincided with Bitcoin crossing back above $100,000 and an Ethereum network upgrade that significantly reduced gas fees. The number of active NFT wallets jumped by 23%, and transaction counts returned to early-year highs—clear signs of renewed user activity.

Within this upswing, Crypto Punks NFTs once again solidified their leadership in the market.

Latest Crypto Punks NFT Floor Price and Market Cap Trends

Crypto Punks, created by Larva Labs in 2017, stands as the original blockchain avatar collection with 10,000 pieces minted on Ethereum. In July 2025, the floor price rose rapidly from around 33 ETH at the start of the month to 49.99 ETH, representing a 53% increase. With Ethereum trading near $3,850, this puts the floor at nearly $192,000.

Crypto Punks’ total market capitalization also saw substantial gains, reaching around $2 billion and firmly establishing its position as a cornerstone of the NFT market. Rare attributes—like Zombie, Ape, and Hoodie—command especially high premiums. Several pieces regularly sell for over $1 million.

Breakdown of Major Transactions

  • Whale Buying Spree: On July 25, 2025, a user spent about $4.3 million in just 30 minutes acquiring multiple rare Crypto Punks (notably with Hoodie and Pipe attributes), marking a major turning point in market sentiment.
  • Large Portfolio Acquisition: On July 21, a new wallet address purchased 45 Crypto Punks for $7.79 million—averaging $173,000 per piece—and drove a 15.9% spike in the floor price within a short period.
  • GameSquare Holdings Purchase: On July 18, GameSquare Holdings used company stock to acquire Cowboy Ape #5577 in a transaction valued at $5.15 million, indicating growing institutional interest in digital IP.

How Can Investors Capitalize on Opportunities?

  1. Assess Risks Rationally: Crypto Punks NFTs are high-barrier-to-entry assets. Investors should control their positions and avoid investing all at once.
  2. Track Secondary Market Signals: Monitor daily sales data, rankings, and bidding activity on OpenSea, Blur, LooksRare, and similar platforms.
  3. Use Fractionalization Platforms: Tools like Unic.ly and Fractional allow for fractional investment in Crypto Punks NFTs, making it possible for those with modest budgets to gain exposure.
  4. Explore Derivative Projects: Numerous derivatives of Crypto Punks—such as Wrapped Punks and Punk Comics—offer more accessible entry points, making them well suited for learning and trial investments.

NFTs: Long-Term Value and Cultural Significance

Crypto Punks are more than just avatars. They are an enduring symbol of Web3 culture, capturing the pioneering spirit of early NFT experimentation, code innovation, and community collaboration. Their unique historic significance has helped Crypto Punks maintain strong liquidity and broad market consensus, even during prolonged bear markets.

Since Yuga Labs acquired Crypto Punks in 2022, Yuga Labs opened up the brand’s intellectual property for broad public use, fueling a wave of derivative creation and brand partnerships. In 2025, the IP transferred to the NODE Foundation. This move further established Crypto Punks as a foundational pillar of digital art infrastructure.

Author: Max
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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