The floor price of CryptoPunks soared to 37.68 ETH on November 25, marking a 47% increase from its 25.35 ETH floor at the beginning of the month and its highest level since May.
While the overall NFT market experienced a notable recovery in November, CryptoPunks emerged as the star performer. Competing collections like Bored Ape Yacht Club (BAYC), Milady Maker, and Pudgy Penguins saw floor price increases of 7%, 34%, and 28%, respectively, averaging a 34.5% rise—well below CryptoPunks’ standout 47% surge.
As a pioneering NFT collection, CryptoPunks hold a unique status as cultural and historical icons of the NFT ecosystem. Their reputation as “OG” NFTs positions them as blue-chip assets, especially favored by long-time market participants and influential traders.
This renewed interest in CryptoPunks is likely tied to broader market optimism sparked by Bitcoin reaching a new all-time high. The increased confidence appears to have positively impacted high-profile NFT collections, with CryptoPunks reaping outsized benefits.
Unlike many newer collections, CryptoPunks maintain high liquidity and an active secondary market, solidifying their role as a go-to alternative asset during capital rotations. Their performance in November underscores their enduring appeal and market-leading status.
