cryptopunks floor held at 50 ETH through a 25% ETH price collapse. one wallet accumulated 14 punks for 447 ETH during the drawdown, removing roughly 4-5% of total listed supply in a single event. floor hit 52 ETH during 3AC, 46 ETH during FTX, recovered 50-65% in ETH terms within 6 months both times. current floor sits at 50 ETH in the same compression zone. the mechanic most miss: you're buying an ETH-denominated asset at cycle-low ETH prices. if ETH recovers and the floor expands on top of that, the returns stack multiplicatively. NFTfi and Gondi now accept punks as tier 1 collateral at 30-40% LTV so you can lever the position further. 10,000 fixed supply, no roadmap to disappoint you, no token to dilute. just provably scarce digital property priced in the most oversold ETH reading ever recorded