🚀 CryptoPunks Rocket 300% as GameSquare’s Mega NFT Bet Pays Off

NFTs just got their swagger back—and Wall Street's scrambling to catch up.

### The Punk Revolution 2.0

GameSquare's nine-figure plunge into digital collectibles ignited a feeding frenzy, sending CryptoPunks floor prices screaming past 150 ETH. Suddenly every hedge fund manager's 'worthless JPEGs' thesis looks about as solid as a Terra stablecoin.

### Institutional FOMO Hits Critical Mass

When traditional gaming giants start buying blockchain deeds to cartoon apes, you know we've crossed the rubicon. The real story? This isn't retail speculation—it's old money finally admitting Web3 won.

### The Cynic's Corner

Meanwhile in Manhattan: 'But the intrinsic value...' *clutches pearls while wire-transfering life savings into Bored Ape derivatives*

$3,862 treasury company listed on Nasdaq, through a $5.15 million preferred share issuance.

ContentsGameSquare’s Record-Breaking Punk Purchase Sparks DemandHistorical Jumps in Prices and Volumes

GameSquare’s Record-Breaking Punk Purchase Sparks Demand

GameSquare added Punk #5577, one of only 24 “Ape Punks,” to its portfolio at nearly three times the floor price at that time. The company positioned this NFT as an income-generating asset on its balance sheet. This strategic MOVE set a precedent for corporate treasuries and high-net-worth collectors. The purchase marked GameSquare, which is also the parent company of FaZe Clan, as a pioneering institutional investor in NFTs.

Crypto Traders Are Rushing to This App – Here’s Why You Should Too

By using equity for this investment, GameSquare reinforced the notion that NFTs could be viewed on par with traditional asset classes. Funds and treasury managers began to consider CryptoPunks as a credible digital asset. This perception shift led to increased offers across the collection and a rapid rise in trading volume.

Historical Jumps in Prices and Volumes

The weekly trading volume of $24.6 million stood out as the strongest performance since March 2024. Despite unchanged transaction counts, high-value sales lifted the average. Notably, the floor price’s seven-day rise by 7.5 ETH expanded the collection’s market share.

Similarly, the average sales price skyrocketed from $42,000 to $182,000. Investors perceived GameSquare’s move as a form of “institutional approval,” prompting aggressive buying activity. Consequently, CryptoPunks reaffirmed its blue-chip status in the cryptocurrency market.

The trend indicates a growing institutional interest in NFTs as a viable component of diversified investment portfolios. As a result, demand for NFTs continues to escalate rapidly, showing no signs of slowing down.

This surge not only enhances the profile of CryptoPunks but also elevates the broader perception of NFTs as sophisticated financial assets. The potential for more institutional players in the NFT space appears promising.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.