The renowned NFT series CryptoPunks has recently continued to strengthen, with total sales last week surpassing $33.8 million, setting a new record for weekly transactions since July and indicating a significant revival in NFT market activity. As an early iconic NFT project on Ethereum, CryptoPunks has become a "blue-chip" in the NFT field since its launch in 2017, featuring 10,000 unique 24×24 pixel punk avatars.
CryptoPunks are algorithmically generated, with each NFT possessing unique features, including rare types such as "punk" boys and girls, zombies, apes, and aliens, inspired by cyberpunk culture and the electronic band Daft Punk. Initially created by Larva Labs, it is now managed by the Infinite Node Foundation.
The surge in sales is driven by multiple factors: renewed public interest in NFTs, strong performance of the Ethereum network, and CryptoPunks' leadership in the NFT lending market. Recently, a notable transaction of Punk #5577 for $5.15 million caught particular attention, as this NFT was acquired by digital media company GameSquare from Compound Labs founder Robert Leshner, marking a strategic bet by institutions on CryptoPunks.
Furthermore, the floor price of CryptoPunks has also climbed to about 52 ETH (approximately $203,000), reaching a recent high. Several large purchases have driven market enthusiasm, suggesting a gradual warming of the NFT market, with CryptoPunks continuing to consolidate its leading position.
