Recently, renowned digital artist Beeple led a punk community event that drove a surge in trading volume for the Nakamigos NFT collection. As one of the leading NFT projects globally, Nakamigos saw its trading volume skyrocket to 913 ETH (approximately $3.1 million) in the past 24 hours, an increase of up to 3800% from the previous day. This article will analyze the key factors behind this astonishing growth.
According to the on-chain data aggregation platform CoinGecko.com, Nakamigos NFT achieved explosive growth within hours, becoming one of the highest-selling NFT collections of the day.
Nakamigos was launched in March 2023 by the digital asset incubation studio HiFo Labs, with a limited release of 20,000 unique 24x24 pixel NFT characters. The style is inspired by CryptoPunks and named after Bitcoin founder Satoshi Nakamoto.
Since its release, Nakamigos has quickly attracted a large number of collectors, with its trading volume even briefly surpassing well-known series such as Bored Ape Yacht Club, becoming a highlight in the pixel-style budget NFT market.
The recent surge in sales is closely related to the CryptoPunks Meetup 2.0 event hosted by Beeple last weekend. The event focused on the CryptoPunks community, covering live art creation, interactive Q&A, and prize distribution, attracting many NFT enthusiasts. During the event, Beeple played a recording of an interview with CryptoPunks founders Matt Hall and John Watkinson, who jokingly claimed that Nakamigos was Larva Labs' secret "V0 Punks" project, and distributed flyers branded with Nakamigos, creating a sense of mystery and topicality that ignited market enthusiasm.
As a result, the floor price of Nakamigos NFT soared from 0.18 ETH to 0.42 ETH within hours, with the trading volume quickly exceeding $3.1 million. Although the hype subsequently subsided, with the floor price falling back to 0.18 ETH, this short-term burst has attracted widespread attention in the industry.
It is worth mentioning that this is not the first time Beeple has indirectly boosted Nakamigos. In November 2024, Beeple promised to create a sequel for the project, sparking intense discussion within the community. Additionally, recent billionaire and Galaxy Digital CEO Mike Novogratz also changed his social media avatar to a Nakamigos NFT, further boosting the series' popularity. Overall, the synergistic effect of Beeple and community events is becoming an important catalyst for the growth of Nakamigos.
