Beeple’s NFT Stunt Ignites 25% Nakamigos Rally — Genius Move or Pure Trolling?

NFT markets got another jolt of chaos as Beeple’s latest stunt sends Nakamigos soaring. Was it a calculated power play—or just crypto’s version of performance art?

The 25% surge defies logic (again). No roadmap, no utility—just pure meme magic and a celebrity rubber stamp. Classic crypto alchemy: mix hype with FOMO, stir violently.

Market play or troll job? Either way, bagholders win until they don’t. Remember when ‘fundamentals’ mattered? Neither do we.

Beeple Pulls the Most Controversial NFT Move of the Year

The event at Beeple Studios in Charleston, South Carolina, was meant to celebrate the iconic CryptoPunks NFTs. However, it quickly turned into one of the most talked-about moments in NFT Twitter this week.

During the gathering, Beeple presented what appeared to be a recorded interview with Matt Hall and John Watkinson, the creators of CryptoPunks. In it, they claimed that Nakamigos NFTs came before CryptoPunks and were a secret Larva Labs project.

The pair even counted down dramatically to the “reveal” of so-called “V0 Punks,” tying the fictional backstory directly to Nakamigos. Flyers handed out at the event reinforced the playful claim, further fueling speculation.

Within hours, the floor price for Nakamigos, a popular NFT collection often known for its meme-like community, shot upward by almost 140%, triggering a frenzy of trading activity.

Nakamigos are up 138% based off the news that they’re V.0 Punks

A lot are claiming that they’re made by @larvalabs before they made Punks

I WOULD have believed if I didn’t saw this video from the event

I think @Nakamigos founder is in the event tho

And his name is @beeple… pic.twitter.com/Atl2kKLuCm

For Nakamigos NFT holders, the sudden spike in value was a welcome surprise, even if short-lived. As of this writing, Nakamigos NFT is up 25% and trading for 0.23 ETH.

However, the video was quickly identified as satire, allegedly crafted using AI. The entire “V0 Punks” story was also said to be fictional.

CryptoPunks was launched in 2017, and there is no evidence of a pre-existing Nakamigos LINK or Larva Labs involvement.

Meanwhile, reactions across the NFT space were mixed. Some traders saw the MOVE as clever trolling that injected much-needed levity into an industry often weighed down by market drama.

“People are genuinely mad at Beeple for this obvious troll. I think it’s about time we start to make NFTs fun again. If you lost money trading this, it’s on you for not understanding that Beeple is an epic troll,” wrote Beanie, a notable NFT personality.

Others argued the stunt blurred the line between performance art and market manipulation, pointing out that Beeple knew the claim was false while also driving trading activity.

agree. He is super involved in nakamigos

While Beeple has not directly addressed the controversy, the incident again highlights his ability to command attention and move markets with a single creative act.

Whether viewed as a satirical performance piece or a calculated market play, the stunt reflects the volatility and theater that define NFT culture.

Meanwhile, this incident exacerbates the recent frenzy around NFTs, revitalized recently with Ethereum’s 10th anniversary. While hype around Ethereum’s NFT Torch dwindled, Beeple’s latest stunt serves to invigorate the sector.