NFT Market Shaken by Massive CryptoPunks Purchase
Mon 21 Jul 2025 â–ª
3
min read â–ª by
A mysterious buyer has set the NFT market abuzz by scooping up 45 CryptoPunks for a whopping $10 million. This daring move has sparked renewed interest across various digital collections. At the forefront of this resurgence is the PENGU token from Pudgy Penguins, which is currently leading the crypto performance charts.
In Brief
- An acquisition of 45 CryptoPunks for $10 million has reignited the hype around distinguished NFTs.
- The PENGU token from Pudgy Penguins surged by 26.7%, reaching a market valuation of $2.4 billion.
NFT: PENGU Skyrockets Following CryptoPunks Purchase
The PENGU token, related to the Pudgy Penguins NFT collection, has emerged because the top-performing digital asset of the day within the crypto market. Data shows its value soared by 26.7% inside just 24 hours.
But that is not all! The market capitalization of the PENGU token has now exceeded $2.4 billion. Over the past month, its growth has been staggering: a 310% increase, setting a record inside the top 100.
This impressive rally was fueled by a viral transaction on OpenSea, where a user bought 45 CryptoPunks, driving up the ground price of the gathering by 16.5%. As a result, the ground price of Pudgy Penguins also rose by 13.3%, reaching 16.57 ETH, which is roughly $63,000.
This renewed interest has also boosted other NFT tokens, notably Bored Ape Yacht Club, Azuki, and Moonbirds, all of which have experienced double-digit gains. This phenomenon illustrates the domino effect that may occur following a serious purchase in a flagship NFT collection.
NFT: Is a New Hype for Digital Collections on the Horizon?
The buzz around this record-breaking transaction has rekindled speculation a couple of potential NFT bull run. Besides PENGU, which saw a 31% rebound last week, several projects are exploring tokenizing their NFTs to maintain the momentum going.
For instance, Rektguy’s floor price jumped by 27%, though its REKT token only saw a modest 4.5% increase. This highlights the present trend’s deal with visual rarity and iconic collections.
Other projects are following suit, like DeGods, once a shining star on Solana. It launched its own token but has struggled to regain its former glory. Despite the challenges, its floor price climbed by 16.8%, at the same time as its token plunged 91% from its peak.
The revival of the NFT market signals a return of speculative fervor. The CryptoPunks effect may very well be just the beginning. Are we on the point of a brand new euphoric season? Investors are actually watching closely!
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Hi, I’m Ariela, a 31-year-old author with seven years of experience in web content creation. I discovered trading and cryptocurrency a couple of years ago, and I’m fascinated by this universe. The topics I write about here help me learn more. When I’m not writing, I enjoy singing, and I actually have a passion for music, reading, and animals!
DISCLAIMER
The views, thoughts, and opinions expressed in this text are solely those of the writer and mustn’t be considered investment advice. Always do your personal research before making any investment decisions.
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