In a surprising twist for the 2025 NFT market, CryptoPunks NFT sales have skyrocketed past $24.6 million in just one week, marking the collection’s most explosive performance in months. According to CryptoRank and other NFT data aggregators, daily sales spiked to nearly $9 million mid-week, with over 7,600 ETH in weekly volume a clear sign of renewed interest in blue-chip NFTs.
But as the surge makes headlines, a more pressing question emerges: is this the start of a sustainable bull cycle for NFTs or just another temporary bounce on the path to lower lows?
The Comeback of an NFT Giant
CryptoPunks has long held an iconic status in the digital art space, often regarded as the Bitcoin of NFTs. After months of muted activity, the past seven days brought a jolt of energy. According to the latest market dashboard, CryptoPunks recorded:
- 7-day volume: 7,633.28 ETH (~$24.6M)
- Daily volume: 2,163 ETH
- 7-day price change: +13.61%
- Floor price: 53.85 ETH
While the floor price is still far from its all-time highs, the surge marks one of the largest weekly spikes in recent memory, suggesting whales may be repositioning in anticipation of a broader NFT recovery.
Why the Sudden Spike?
Several factors are contributing to this bullish momentum. First, liquidity in the NFT market appears to be consolidating toward top-tier collections, and CryptoPunks is leading the charge. While other collections like Moonbirds (+34.7% 7d) and Milady Maker (+20.4% 7d) also posted impressive gains, they lag far behind in total sales volume.
Additionally, renewed speculation around Ethereum ETF approvals and the gradual uptick in ETH price have improved sentiment across NFT markets, especially for legacy collections like CryptoPunks. Traders may be betting that CryptoPunks will be among the first to benefit if NFT prices surge in tandem with ETH.
A tweet from NFT analyst captured the mood:
“Blue-chip NFTs are waking up. CryptoPunks moving $24M in a week isn’t just volume, it’s a statement.”
Competitive Landscape: Who’s Catching Up?
While CryptoPunks NFT volume leads the board, it’s worth noting who else is gaining ground. The top 10 NFT collections by weekly volume offer a clear snapshot of current sentiment:
Source: Defi Llama
Despite strong momentum, many of these collections are still trading below their 2022 valuations. However, Memeland Captainz (+55.20%) and Moonbirds show that the appetite for new meta-narratives within the NFT space remains alive.
Will the CryptoPunks NFT Rally Last?
There’s no doubt that volume has returned but sustainability remains uncertain. Some analysts warn that this spike may be tied to short-term speculation or whale accumulation, rather than broad retail re-entry. Others suggest that we’re seeing the early stages of an NFT rotation play, where investors seek shelter in high-conviction assets while the broader market remains shaky.
What could trigger continuation?
- A major ETH rally past $4,000
- Blue-chip NFT integration into financial protocols (NFTfi, lending)
- Institutional players entering through fractionalized ownership or ETFs
Conversely, if ETH stagnates and macro sentiment turns risk-off, this burst in CryptoPunks activity could fade as quickly as it came.
Final Thoughts: What This Means for CryptoPunks NFT Investors
Whether this week’s spike is the beginning of a broader resurgence or just a flash in the pan, one thing is clear: CryptoPunks NFTs are not dead and the market still pays attention when they move.
For seasoned NFT traders, this could be a signal to rotate back into legacy collections. For newcomers, it might be the first sign that the NFT bear market is loosening its grip.
But as always in NFTs, timing is everything. The next few weeks will be critical in determining whether CryptoPunks leads a true NFT revival or remains a nostalgic spike in an otherwise quiet market.
