Ethereum News Today: CryptoPunks Floor Price Hits 2022 Highs as Weekly Volume Surges 416%

The floor price for CryptoPunks, the pioneering NFT collection on the Ethereum blockchain, has surged back to levels not seen since mid-2022, reaching $206,850 as of July 31, 2025. This marks a significant rebound for one of the earliest and most iconic NFT projects, according to NFTPriceFloor data[1]. The price increase coincided with a dramatic spike in trading activity, with the weekly trading volume for the collection hitting $24.6 million—reflecting a 416% increase compared to the prior week and the highest weekly volume since March 2024[2].

The resurgence in buyer interest appears to be driven by broader market dynamics, particularly the recent rally in Ethereum (ETH). The second-largest cryptocurrency by market capitalization has surged in value, rising from above $1,400 in early April 2025 to $3,850 at the time of the report. This upward movement in ETH has directly impacted the value of Ethereum-based NFTs, with CryptoPunks trading at 53.84 ETH, a level last seen in February 2024[1].

The price trajectory of CryptoPunks is closely intertwined with the performance of the Ethereum ecosystem. As ETH continues to rise, so too does the floor price of one of its most prominent NFT collections. The average sale price for CryptoPunks increased to $182,000 within two weeks, indicating a rapid acceleration in buyer willingness to pay premium prices for rare digital assets.

One standout transaction contributing to the recent volume surge was GameSquare’s $5.15 million purchase of Punk 5577. This marked the first significant corporate NFT acquisition funded through equity and highlighted the growing institutional interest in NFTs. The purchase not only added to the collection’s trading volume but also reinforced its status as a leading indicator for NFT market sentiment.

The broader NFT market has also seen renewed activity over the past three months, with several top collections recording notable price increases. CryptoPunks led the way with a 162% rise in dollar terms, closely followed by Pudgy Penguins, which climbed nearly 200% in value. The increased demand for these collections suggests a broader reawakening of interest in NFTs among both retail and institutional investors.

Ethereum’s recent performance is also tied to broader macroeconomic optimism, particularly after its 10th anniversary on July 30. The token is now trading near $3,838, with bullish analysts eyeing a potential break above the $4,000 psychological level, which could push the price toward the November 2021 all-time high of $4,890[2]. If Ethereum continues to gain strength, it could further fuel gains for NFTs, which tend to attract more speculative investment during bull markets.

As the Ethereum price trajectory continues to strengthen, the performance of CryptoPunks will remain closely watched. The collection’s position as a bellwether for NFT market activity makes it a key indicator for investors assessing the broader digital asset landscape.

Source:

[1] https://invezz.com/news/2025/07/31/cryptopunks-floor-price-hits-2022-highs-as-weekly-volume-soars-416/

[2] https://invezz.com/no/nyheter/2025/07/31/cryptopunks-gulvpris-nar-2022-hoyder-ettersom-ukentlig-volum-stiger-416/