Literally nobody considers it a “flex” anymore to have a CryptoPunks PFP. So you gotta ask yourself, who’s left as the marginal buyer? The same phenomenom occurred with the Bored Ape PFP in 2022 for various reasons. And that floor price has dropped 97% since.

@HelloBenWhite @web3rj Without that claim, which was perpetuated by Christie’s as well for a very public $20M auction, CryptoPunks wouldn’t likely have been so popular. It was just another PFP. Albeit some lore because it was a free claim. But also not unique or first at that meta either.