Certain segments of the NFT market are experiencing a resurgence, as CryptoPunks have regained the $100,000 price level, and strong demand has been observed for XCOPY’s artwork following the $1.2 million sale of an editioned piece titled “Last Selfie.”
The floor price of the leading Ethereum-based NFT collection has returned to six figures, as both Punks and XCOPY NFTs have been consistently outperforming other segments of the market.
After undergoing a significant downturn, the resurgence of CryptoPunks has been largely attributed to the recent rally in ETH, with the flagship PFP collection now trading once again above the $100,000 mark. Although the CryptoPunks floor price has remained relatively stable around 45 ETH throughout 2025, the volatility of ETH has caused substantial fluctuations in the collection’s fiat valuation.
At the prevailing floor price, the value of CryptoPunks would have been approximately $160,000 in January and dropped to around $68,000 when ETH reached $1,500 at the start of April, resulting in a substantial variance for holders who buy, sell, or assess their Punks based on fiat currency valuations.
A local low was reached by the NFTs in August 2024, when each CryptoPunk was priced at 20 ETH, equivalent to $55,000 at that time. Since then, their value has more than doubled in both ETH and fiat terms.
XCOPY Artwork Fetches Million-Dollar Sale
CryptoPunks, along with crypto-native artist XCOPY, are recognized as notable outliers within the broader NFT market.
A significant surge has been observed in XCOPY’s artwork this year, with notable growth across his collections Remnants, ICXN, and Grifters. The Remnants collection has increased from approximately 6 ETH to 15 ETH, ICXN is currently trading at 3.5 ETH after reaching a low of 1 ETH in March, and XCOPY’s PFP series, Grifters, has risen to 21 ETH following earlier trades at 9 ETH earlier in the year.
The surge in demand for XCOPY’s collections followed a first quarter marked by frequent, high-value sales of one-of-one and limited edition pieces, including the $1.1 million purchase of a 1-of-10 edition titled “Last Selfie” on May 7.
While most prominent NFT collections, including Pudgy Penguins and Bored Ape Yacht Club, have remained largely stagnant, overall trading volume across NFT marketplaces has experienced a dramatic decline.
Based on data from Dune Analytics, only $3 million in trading volume was processed by the entire Ethereum NFT market on May 8, in contrast to the daily volume range of $10 million to $40 million observed during January and February.
