Punks Exceeded $33M NFT Sales Last Week – Are NFTs Back?

CryptoPunks, a renowned non-fungible token collection, continue solidifying its position as an NFT market leader. In yet another week, CryptoPunks NFTs have experienced a notable increase in sales volume and floor price, indicating a resurgence in interest and activity within the NFT market. This trend is part of a broader recovery seen in the NFT space, with market capitalization and trading volume also experiencing significant growth.

Punks NFT Sales Hit +$33M Last Week

Data fetched by The Block, a crypto market aggregator and a renowned non-fungible token market explorer, shows that CryptoPunks have recorded a notable surge in the NFT market this past week. In the past seven days, the CryptoPunks NFT collection has amassed a sales volume of $33.8 million. This was the highest weekly trading sales volume in July and the highest in past several months.

CryptoPunks saw over $33.8M in trading volume last week.📈

The catalyst? GameSquare’s $5.15M equity deal to buy Punk #5577.

Are #NFTs making a comeback?🔎 pic.twitter.com/PFHcAZT79n

— Moby Media (@mobymedia) July 29, 2025

Launched in 2017, CryptoPunks is a globally acknowledged non-fungible token collection that features a limited edition of 10,000 unique, 24×24 pixelated art characters, considered one of the earliest examples of non-fungible tokens (NFTs) on the Ethereum blockchain. The Punks NFT collection features algorithmically generated NFTs, with each punk having distinct features and traits. The digital characters were generated using a pseudo-random process, giving each NFT collection one unique attribute and appearance.

The Punks NFT collection features 24×24 pixelated art images, with most being “punky” guys and girls, but also includes rarer types like zombies, apes, and even aliens. CryptoPunks were one of the first NFT projects on Ethereum and played a significant role in the rise of the NFT market. The NFT collection was previously created by the digital asset firm Larva Labs, but is now managed by the Infinite Node Foundation. Each Punk has unique attributes and traits, and they are inspired by the cyberpunk movement and electronic music group Daft Punk.

Why Are Punks NFT Trading Sales Rising?

The recent surge in CryptoPunks NFT trading sales can be linked with a combination of factors, including renewed interest in NFTs, the strong performance of Ethereum, the blockchain network on which Punks are built, and their status as a “blue-chip” NFT collection representing the early days of the NFT movement. Moreover, the dominance of CryptoPunks in NFT lending market platforms and high-profile NFT sales like the recent $5.15 million purchase of Punk #5577 have also contributed to the surge in trading sales volume.

Last week, the digital media company GameSquare (GAME) confirmed it bought Cowboy Ape #5577 of the CryptoPunk non-fungible token collection from Robert Leshner for $5.15 million. The Frisco, Texas-based company, which described the purchase as a strategic investment, also said it added just over $10 million worth of Ether to its treasury. Leshner, the founder of Compound Labs, an open-source protocol for algorithmic money markets on Ethereum, confirmed receiving the company’s preferred stock in payment.

Punk NFT Floor Skyrockets To New Heights

The CryptoPunks NFT series has also recorded a notable surge in its floor price value. According to Coingecko.com, the current floor price for CryptoPunks, a popular NFT collection, is around 52 ETH, which is approximately $203,450. This price represents the minimum amount someone would need to pay to acquire a CryptoPunk NFT. The floor price has recently increased, with a recent surge attributed to a large purchase of 45 CryptoPunks NFT collections.

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