Ethereum News Today: CryptoPunks Daily Sales Surge 80% to $7.8M as Floor Price Hits 50 ETH

CryptoPunks, one of the earliest and most iconic non-fungible token (NFT) collections, has experienced a dramatic surge in trading activity. In the past 24 hours, daily sales volume for the Ethereum-based NFT collection rose by 80%, reaching $7.8 million, according to data from on-chain analytics platform cryptoslam.io. Simultaneously, the floor price—the minimum price for which a single NFT from the collection can be sold—climbed to 50 ETH, a new milestone for the asset class. The spike follows a series of high-profile transactions, including a $906,371 sale and the purchase of six "hoodie punk" NFTs that briefly pushed the floor to 200 ETH.

Launched in 2017 by digital asset firm Larva Labs (now managed by the Infinite Node Foundation), CryptoPunks consists of 10,000 algorithmically generated 24×24 pixel art characters. The collection, widely regarded as a foundational piece of NFT history, has maintained its cultural relevance despite a broader crypto market marked by volatility. Over 140 NFTs were traded in a single day, a trading volume not seen in the collection this year, as reported by Yahoo Finance [3]. The floor price’s ascent to 50 ETH reflects intensified demand from high-net-worth collectors and speculative investors, with some analysts noting periodic spikes driven by collector sentiment and institutional interest.

The surge underscores the resilience of early NFT projects amid a fragmented market. While newer collections struggle to gain traction, CryptoPunks continue to attract attention due to their scarcity and status as pioneers in the NFT space. The 80% increase in sales volume contrasts with recent underperformance in other segments of the NFT market, highlighting the polarized nature of buyer engagement. For instance, a report from Yahoo Finance noted a 17% rise in the floor price to 47.75 ETH earlier in the month [3], suggesting a gradual but accelerating trend toward the current 50 ETH level.

The implications for creators and investors are significant. For creators, the sustained demand for CryptoPunks reaffirms the long-term value of foundational NFT projects. For investors, the floor price’s psychological milestone of 50 ETH—equivalent to approximately $100,000 at current ETH prices—signals growing confidence in the NFT’s utility as both a speculative asset and a store of value. However, the elevated price point may also act as a barrier for new entrants, potentially limiting liquidity in the short term.

The broader NFT market remains uneven, with institutional interest in high-profile projects like CryptoPunks coexisting alongside stagnant activity in other segments. This dynamic suggests that early, culturally significant NFTs retain a unique position in the ecosystem. As the market evolves, the performance of CryptoPunks will likely serve as a barometer for broader NFT sentiment, particularly if the current bull run continues to gain momentum.

Source: [1] [Punks NFTs Rise 80% In Daily Sales Vol, As Floor Price Hits 50 ETH] (https://insidebitcoins.com/news/punks-nfts-rise-80-in-daily-sales-vol-as-floor-price-hits-50-eth) [2] [Crypto Market Gainers and Losers] (https://www.facebook.com/groups/2884002658576629/posts/39757174****5134/) [3] [Si vous aviez investi dans le jeton Pudgy Penguins...] (https://fr.finance.yahoo.com/actualites/aviez-investi-jeton-pudgy-penguins-012201076.html)