{"id":38933,"date":"2025-07-26T16:31:46","date_gmt":"2025-07-26T16:31:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38933"},"modified":"2025-07-26T16:31:46","modified_gmt":"2025-07-26T16:31:46","slug":"cryptopunks-to-outshine-eth-this-cycle-says-arthur-hayes","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38933","title":{"rendered":"CryptoPunks to Outshine ETH This Cycle, Says Arthur Hayes"},"content":{"rendered":"
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BitMEX co-founder Arthur Hayes has declared that the OG NFT collection CryptoPunks will outperform Ethereum (ETH) in this cycle, citing internet status culture as the primary driver.<\/p>\n

With NFT market volumes exploding and Ethereum showing bullish momentum, his forecast has ignited debate among analysts and collectors alike.<\/p>\n

Scarcity, Status, and Sentiment<\/h2>\n

Hayes believes<\/a> that as ETH gains institutional traction, holders will increasingly flex their wealth through digital art and status NFTs like CryptoPunks.<\/p>\n

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\u201cCryptopunks will outperform $ETH this cycle in $ terms bc $ETH bag holders will flex in NFTs,\u201d he tweeted. \u201cIt\u2019s an internet status game.\u201d<\/p>\n<\/blockquote>\n

According to the Maelstrom Fund CIO, the entire global economy is built on status, and the \u201cinternet society\u201d is no different. His argument has resonated across the NFT community, with investor Parzival highlighting the scarcity factor:<\/p>\n

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\u201c8,000,000,000 people on earth, 10,000 CryptoPunks. Do the math.\u201d<\/p>\n<\/blockquote>\n

Others, like digital art collector Balon, highlighted<\/a> the skyrocketing floor 12 hours earlier:<\/p>\n

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\u201cCryptoPunks floor is already at 100 ETH? Things are about to get crazy.\u201d<\/p>\n<\/blockquote>\n

This frenzy isn\u2019t theoretical either; NFT enthusiast Jediwolf reported<\/a> on July 21 a \u201cspectacular\u201d sweep of 76 Punks for approximately $13.5 million within 5 hours, the largest since 2021.<\/p>\n

On that same date, CoinGecko brought attention to a massive $1 billion single-day surge in NFT market cap, jumping<\/a> from $5.1 billion to $6.3 billion. Daily volumes spiked 287% to $37.4 million, fueling renewed speculation that non-fungible tokens could be entering a fresh phase of explosive growth.<\/p>\n

Animoca\u2019s Yat Siu noted the correlation in a recent post on X, stating that the last time ETH peaked<\/a> in late 2021 was also NFT season. CryptoPunks leads the charge, and their floor price is now at 48 ETH, which is about $175,726, according to live NFTpricefloor data.<\/p>\n

Ethereum Demand Surge Sets Stage for NFT Boom<\/h2>\n

Hayes\u2019 prediction comes amid a roaring ETH rally powered by growing institutional demand. Since May 15, spot Ethereum ETFs and corporate treasuries have bought<\/a> 2.83 million ETH for more than $10 billion. This is over 32 times the net new supply, and Bitwise CIO Matt Hougan has projected demand to hit $20 billion in the next year.<\/p>\n

At the time of this writing, the world\u2019s second-largest cryptocurrency was consolidating around $3,672, down 1% in the last 24 hours but up more than 63% across 30 days. Earlier in the week, the asset broke<\/a> past $3,800, and the NFT ecosystem, built mainly on Ethereum, appears to be riding shotgun on its bullish wave.<\/p>\n

The post CryptoPunks to Outshine ETH This Cycle, Says Arthur Hayes<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

BitMEX co-founder Arthur Hayes has declared that the OG NFT collection CryptoPunks will outperform Ethereum (ETH) in this cycle, citing internet status culture as the primary driver. With NFT market volumes exploding and Ethereum showing bullish momentum, his forecast has ignited debate among analysts and collectors alike. Scarcity, Status, and Sentiment Hayes believes that as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38933","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38933"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38933\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}