CryptoPunks Floor Price Jumps 8% Amid NFT Revival Buzz
NFT floor prices are climbing fast, with CryptoPunks, Moonbirds, and CloneX leading the charge. But is this a revival or just hype?
Some of the most popular NFT projects are recording a surge in floor prices, inspiring speculation that the frenzy around these digital collectibles is rising.
Ethereum kicked off a possible NFT season with the unveiling of its NFT Torch ahead of its 10-year anniversary tomorrow.
CryptoPunks and Moonbirds Floor Price Surge Signals a Potential NFT Season Comeback
Data on the floor price of CryptoPunks is up by nearly 8% to 53.85 ETH as of this writing. This surge coincides with the frenzy around the Ethereum blockchain’s popular NFT.
Analysts highlight an ongoing buying frenzy around CryptoPunks, with one user buying 6 of these digital collectibles worth over $1.3 million during the early hours of the Asian session.
JUST IN: SOMEONE JUST SNAPPED UP 6 CRYPTOPUNKS IN A $1.3M+ SWEEP.
— Mario Nawfal’s Roundtable (@RoundtableSpace) July 29, 2025
Similarly, Moonbirds NFTs are also witnessing a surge in interest. This adds credence to the perception that the NFT season may be here.
However, for Moonbirds, sellers are quickly turning in for early profits. Data on OpenSea shows the floor price is down by over 20% in the last 24 hours.
Notwithstanding, the floor price of Moonbirds NFTs has remained over 300% the last month, reinforcing optimism of an abounding NFT season. Against this backdrop, some users say Moonbirds may lead the NFT comeback.
“It looks like Moonbirds could be making one of the biggest NFT comebacks,” wrote Sennin, a financial analyst and NFT trader.
Beyond CryptoPunks and Moonbirds, traders are also examining CloneX NFT, which doubled the floor price over the weekend.
Given its previous downtrend, triggered by the discontinuation of its parent company (RTFKT) by Nike in late 2024, the floor price recovery suggests resuming interest.
“Recent comments from one of the RTFKT co-founders and from Nick (who originally broke the news of the closure) now kind of hint a possible CTO or sale of the project. With the recent comeback of Moonbirds (20x since acquisition), it looks like people are speculating on a similar scenario” wrote Wale.moca, an NFT researcher at Azuki.
Nevertheless, Wale.moca urges users to temper their optimism, citing allegations or links of CloneX with insider trading claims.
Amidst the FUD (fear, uncertainty, and doubt), the NFT researcher indicates that other market contenders like Pudgy Penguins (PENGU) and Moonbirds NFT could overshadow Clone X.
Personally don’t think this is gonna happen and even if, I think people are blinded by the success of Pudgy Penguins and Moonbirds acquisitions. Most takeovers fail, it’s not per se bullish
— wale.moca(@waleswoosh) July 28, 2025
Ethereum’s NFT Torch Rekindles Digital Collectible Frenzy
In hindsight, Ethereum sparked the NFT resurgence just over a week ago with the launch of its NFT Torch. Following this move, capital started rushing into NFT projects, and talks of an NFT season have spread since.
Data on Ethereum.org shows that Anthony Sassano, founder of the Daily Gwei, is the current holder of Ethereum’s NFT Torch. Sassano takes the baton from Ukraine’s Alex Bornyakov.
Ethereum NTF Torch holders. Source:
Following Ethereum’s NFT Torch announcement, one user bought 45 CryptoPunks NFTs for nearly $8 million.
88 Punks sold in the past 24h, and the floor jumped to 47.75 ETH (~$180K). Here’s what happened ⤸A single whale swept 45 CryptoPunks (worth ~$7.8M), igniting a 15.9% floor surge from ~40.9 to 47.75 ETH.Add in another 43 organic sales, and we’re looking at 88 total Punks…
— shotgun (@shotguncaio) July 21, 2025
Pudgy Penguins, which was in the limelight amid the PENGU ETF, was seen as inadvertent collateral damage amid speculation that capital would flow back to the earliest NFT projects.
Elsewhere, some users remain skeptical, exercising measured caution that the NFT bubble may burst just as quickly as it grew in recent days.
“Are we betting on Moonbirds flying high again, or is this just another hype cycle?” Rivi, a popular user on X, remarked.
This skepticism is warranted, given the influence of small triggers on the floor price of NFTs. For example, Ozzy Osbourne’s CryptoBatz NFT collection surged over 400% in value following his death.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Peter Brandt warns Bitcoin may never reclaim $126,000 all-time high after sharp drop
This Week's Market "Surprise": U.S. Treasury Yields and Tech Stocks Rise Together
Nomura strategist Matsuzawa believes that the U.S. stock market's tech rally is more of a technical correction, and the market has not rebuilt confidence in AI investments. Expectations for a Fed rate hike have surged, with the implied probability of a December hike reaching 111%. If dovish officials fail to correct overly hawkish expectations, financing pressures for tech companies will re-emerge, making it difficult for stocks and bonds to rise simultaneously.
Successfully recovered the Starship upper stage, SpaceX debuts “chopstick ship-clamp,” analyst: the most critical step supporting its trillion-dollar valuation
SpaceX has, for the first time, used the launch tower's mechanical arm to catch the Starship spacecraft mid-air, setting a precedent for orbital spacecraft recovery via tower mechanism in aerospace history. Bernstein analysts believe this is a key step supporting SpaceX's multitrillion-dollar valuation—full reusability will significantly reduce orbital costs, directly enhancing Starlink deployment efficiency and raising the commercial ceiling. Morgan Stanley warns that the market is underestimating the value of this mission, as it will significantly lower execution risks tied to commercial reuse and the expansion of AI-powered space computing capacity.
Solana falls 10%, $69 million in liquidations as ETF outflows weigh on price
Crypto prices
More
