CryptoPunks Floor Price Surpasses $200,000 Mark for the First Time in Over a Year

BlockBeats News, July 29th. According to Decrypt, since August last year, the floor price of CryptoPunks has been continuously rising, from 20.45 ETH to 53.98 ETH, representing a 163% increase. Based on the current Ethereum price of approximately $3,745, the floor price of CryptoPunks has surpassed $200,000, reaching its highest point since March 8, 2024. This upward trend began with a large-scale "buying spree" last week, when an address purchased 45 CryptoPunks in a single transaction.

According to CoinGecko data, the total market value of the NFT market has surged from $3.6 billion in early July to $6.8 billion. Historical data shows that when Ethereum performs strongly, it often drives up the prices of leading NFT projects on its blockchain.