Ethereum News Today: Rare CryptoPunk Sells for $2.5M as NFT Sales Jump 15% in 24 Hours

Late July 2025 marked a significant moment in the NFT market with the sale of a rare CryptoPunk NFT for over $2.5 million. The transaction involved CryptoPunk 1021, a collectible from the original 10,000-pixel art NFT series, which was bought for 720 ETH [1]. This high-profile sale followed another notable transaction just days earlier, where CryptoPunk 1563 sold for 544 ETH, equivalent to approximately $1.91 million [1]. These transactions illustrate the ongoing demand for rare, historically significant NFTs.

The broader NFT market has also seen a notable increase in activity. Data from Cryptoslam.io shows that in the past 24 hours, global NFT sales volume rose by 15%, reaching $21 million in total sales [1]. This surge in volume was accompanied by a 13% increase in the number of NFT buyers [1]. Ethereum-based NFTs accounted for $10 million of the sales volume, a 37% increase compared to the previous day [1]. Polygon and Bitcoin-based NFTs followed with $2.6 million and $1.8 million in sales, respectively [1].

These developments highlight a renewed interest in the NFT space, particularly in high-value and rare assets. The CryptoPunks collection, originally launched in 2021 by Larva Labs and now managed by the Infinite Node Foundation, remains one of the most sought-after NFT series [1]. The recent sale of CryptoPunk 1021 for over $2.5 million indicates that investors are placing a premium on scarcity and historical significance.

In related news, a Bored Ape Yacht Club NFT was sold for 666 WETH, valued at more than $2.3 million [1]. While there is no indication of a direct link between these transactions, they collectively signal a broader trend of increased market participation and confidence in high-end NFTs.

The current trajectory suggests that the NFT market may be entering a new period of activity. As NFTs continue to serve as both speculative investments and digital collectibles, these recent high-profile sales reinforce their growing importance within the crypto ecosystem. The combined effect of rising sales volumes and increased buyer engagement points to a market that is showing early signs of a potential bull run [1].

Source: [1] Rare Punk NFT Sells For $2.5M – Daily NFT Sales Spike 15% (https://insidebitcoins.com/news/rare-punk-nft-sells-for-2-5m-daily-nft-sales-volume-spikes-15)