CryptoPunks Floor Price Surpasses $200,000 for the First Time Since March 2024

BlockBeats News, July 29, according to Decrypt's report, since August last year, the floor price of CryptoPunks has continued to rise, from 20.45 ETH to 53.98 ETH, a 163% increase. Calculated at the current Ethereum price of about $3,745, the floor price of CryptoPunks has exceeded $200,000, reaching its highest level since March 8, 2024. This round of increase began with a large-scale "buying spree" last week, when an address purchased 45 CryptoPunks in one go.

According to CoinGecko's 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 well, it often drives up the prices of leading NFT projects on its blockchain.