CryptoPunks, the iconic Ethereum-based NFT collection, recorded its highest weekly trading volume since March 2024, reaching an impressive $35.1 million across 172 transactions. This surge, reported by CryptoSlam on July 27, 2025, shows renewed investor interest and signals a potential revival in the NFT sector, driven by Ethereum’s recent rally.
CryptoPunks, one of the earliest and most prestigious NFT collections, led the charge with a staggering 589.56% week-on-week increase in sales volume, totaling $33.7 million, according to crypto.news. The collection’s floor price has also climbed significantly, reaching 50.98 ETH (approximately $195,960) as of July 27, 2025, marking a 20% increase over the past week. This spike was further fueled by a single whale purchasing 45 CryptoPunks for nearly $8 million, highlighting strong institutional and high-net-worth investor confidence.
The broader NFT market also saw robust activity, with Ethereum-based NFTs recording $157.6 million in weekly sales, a 41% increase from the previous week. Other prominent collections, such as Pudgy Penguins ($8.3 million) and Bored Ape Yacht Club ($5.8 million), contributed to the vibrant market. However, CryptoPunks dominated with all five top individual NFT sales, including a high of 250 ETH ($906,371) for a single Punk.
Some critics attribute this resurgence to Ethereum’s price climbing to $3,770, alongside growing mainstream adoption and renewed interest in blue-chip NFTs as symbols of status and long-term value. The Infinite Node Foundation’s acquisition of CryptoPunks’ intellectual property from Yuga Labs in May 2025 has also bolstered community engagement and brand promotion, further driving demand.
Despite the NFT market’s challenges in 2024, with trading volumes dropping 19% to $13.7 billion, this recent uptick suggests a shift toward a more mature market focused on high-value transactions.
