Punks Jump +60% In NFT Sales – Here’s What Fueling Its Growth

CryptoPunks, a globally acknowledged non-fungible token collection and the largest collection in the global non-fungible token market by market capitalization, has recorded positive growth today. In the past 24 hours, the CryptoPunks non-fungible token collection has raised a trading sales volume of over $1.7 million. In this article, we shall evaluate some of the factors fueling its growth.

Punks Jump +60% In Daily NFT Sales

Data compiled by CryptoSlam.io, an on-chain crypto market data and a multi-chain non-fungible token explorer tracking non-fungible token collections from more than 20 blockchains, shows that the CryptoPunks NFT collection has increased in trading sales volume. In the past 24 hours, the CryptoPunks NFT collection has raised a trading sales volume of +$1.7 million, becoming the leading NFT collection in the NFT market today. During this period, the CryptoPunks NFT sales have jumped by +60% from the previous day.

In response to the sudden growth in the CryptoPunks NFT collections, among other factors, Ethereum has recorded positive growth in the NFT market. In the past 24 hours, the Ethereum-based NFT collections have raised a trading sales volume of $6.8 million. During this time, the Ethereum NFT trading sales volume has surged by 59% from the previous day, becoming the leading chain in the NFT market.

Previously created in 2017 by the digital asset firm Larva Labs, CryptoPunks is a digital art project featuring a limited set of 10,000 unique characters hosted on the Ethereum blockchain network. This NFT collection has challenged traditional notions of art, ownership, and community. Their influence extends far beyond the blockchain, sparking a cultural shift that continues to reshape the digital world.

The CryptoPunks NFT collection is now managed by the Infinite Node Foundation, a non-profit organisation committed to the preservation, study, and exhibition of digital art. Before recently landing in the hands of Infinite Node, Punks were under the good care of the digital asset firm and Bored Ape NFT creator, Yuga Labs. The Punks NFT collection has grown to become one of the largest NFT collections in the global NFT market.

Factors Fueling Punks NFT Growth

The recent surge in CryptoPunks is probably associated with the recent launch of PunkStrategy, a new perpetual machine giving NFT investors an opportunity to invest in the CryptoPunks non-fungible token project. To start the Punk investment, 10% of each trade of $PNKSTR is taken as a fee and stored in the protocol. When there are enough fees in the pool, the machine buys a floor punk. The punk automatically gets listed for 1.2x the price. When the Punk NFT is sold, all the Ether (ETH) earned is used to buy and burn $PNKSTR coins. $PNKSTR is its utility token. The machine has attracted massive attention in the NFT space.

Let me get this straight: $PNKSTR is meant to

1️⃣ Buy Punks with 10% of trading fees it generates

2️⃣ List Punks for 1.2x of their purchase price

3️⃣ Use the ETH earned from selling Punks to buy & burn $PNKSTR

This is peak performative NFT strategy. But will it be sustainable?… pic.twitter.com/ISSvAas0xr

— JBond (@jbondwagon) September 15, 2025

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