TL;DR
Slonks is a 24×24 on-chain pixel art NFT collection inspired by CryptoPunks, with a burn-and-merge mechanic that reduces supply over time.
The collection minted at 0.001 ETH and has surged to a 0.068 ETH floor price — a 1,600% increase.
Despite being seen as a CryptoPunks derivative, its deflationary burn mechanism is widely credited for driving the price rally.
What Is Slonks NFT?
Slonks is a collection of 24×24 pixel art NFTs that reimagines the iconic CryptoPunks aesthetic entirely on-chain. What sets it apart is its unique merge mechanism — holders can burn two Slonks to combine them into a single, rarer piece, effectively reducing the total supply over time.
Slonks NFT Minting & Pricing Info
The collection launched with a supply of 10,000, which has since been reduced to approximately 9,350 through burns. The original mint price was just 0.001 ETH, and the current floor price has surged to 0.068 ETH — representing a staggering 1,600% increase from mint.
Why Did a CryptoPunks-Inspired NFT with 10,000 Supply Moon?
At first glance, Slonks looks like a straightforward CryptoPunks derivative — and many in the community have noted exactly that. However, the burn-and-merge mechanic creates real deflationary pressure on supply, which appears to be a key driver behind the price surge. The on-chain nature of the artwork also adds a layer of credibility and permanence that collectors value.
View the collection on OpenSea.
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