The leading NFT collection, CryptoPunks, records a significant comeback as floor prices return to 2022 levels.
Data from NFTPriceFloor shows the collectible soared above $208,000 today, marking the highest mark since mid-2022 in US dollar terms.
It hovers at $206,850 after incredible recoveries in the past few sessions.
Notably, the price jump follows notable user activity.
CryptoPunks trading volume surged to $24.6 million last week.
That represented a 416% weekly surge and the highest figure since March 2024.
Sudden buyer interest resurgence and ETH’s latest rallies have contributed to the growth.
Remember, CryptoPunks is the top Ether-based NFT collection, often used as a proxy for sentiments in the non-fungible tokens space.
Moreover, NFTPriceFloor shows that most top collections demonstrated notable growth in the past three months.
While CryptoPunks topped the charts with a 162% surge in US dollar terms, Pudgy Penguin climbed to the 2nd spot after a nearly 200% increase.
Pudgy Penguins have seen increased demand lately, which has fueled its recent growth.
Meanwhile, the current picture appears different in Ethereum terms.
CryptoPunks trade at 53.84 ETH, exploring levels not seen since February last year.
That shows that the Ethereum surge fueled CryptoPunk’s comeback.
The second-largest cryptocurrency by value has seen remarkable growth from above $1,400 in early April 2025 to press time’s $3,850.
Meanwhile, CryptoPunks’ record-high prices coincide with intensifying activity as trading volumes have exploded.
CryptoPunk’s volume skyrockets
The Block data shows that the CryptoPunks NFT collection’s trading volume surpassed $24.6 million last week.
That marked a substantial 416% uptick from the past week and the highest seven-day trading volume since March 2024.
Meanwhile, the average sale price increased to $182,000 from $140,000 within two weeks.
GameSquare fueled the growth after spending $5.15 million to buy Punk #5577.
It marked the first considerable corporate NFT purchase financed through equity.
CryptoPunks remains the dominant Ethereum-based NFT collection, and ETH’s price trajectory could determine its performance in the upcoming sessions.
Ethereum price outlook
Ethereum has fueled the altcoin season narrative with its strength.
It trades at $3,838 after recovering quickly from a Fed-triggered dip that plunged Bitcoin to $115K.
Optimistic sentiments, as the community celebrated Ethereum’s 10th anniversary on July 30, sparked ETH’s upside bias.
The token is targeting July highs of $3,941 after an over 50% monthly increase.
Bulls will target the sought-after psychological mark at $4,000.
Breaking this resistance could trigger uptrends to the November 2021 ATH of $4,890.
That would translate to an approximately 27% rally from ETH’s current price.
The top altcoin boasts robust momentum after consistent ETH inflows throughout July.
The current structure suggests that Ethereum has all it takes to break past $4,000 and head to fresh all-time highs in the coming weeks and months.
Sectors like NFTs boom during massive bull runs as investors explore risky niches with extra funds.
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