PANews reported on July 23 that Arthur Hayes, co-founder of BitMEX, wrote on the X platform that Cryptopunks will outperform Ethereum (ETH) in this cycle in terms of US dollars because ETH holders will "show off" in the NFT field, which is a game of Internet status. He pointed out that in addition to food and energy production, the global economy is essentially a competition for status, and the Internet society is no exception.