21.07.2025 12:02

The non-fungible token (NFT) market has experienced a remarkable resurgence, demonstrating a significant increase in activity. A dramatic 28% surge in total market capitalization, catapulting it from $5.1 billion to $6.6 billion in a single day, marks a considerable shift from recent market stagnation. This surge represents the most substantial daily growth in many months, rekindling interest and prompting renewed participation from collectors and traders.

Fueled by this revitalized interest, trading volume has also seen a remarkable upswing. Last week's trading volume exceeded $140 million, reaching its highest weekly level since January. Major NFT marketplaces, such as OpenSea and Magic Eden, are witnessing a significant increase in transactions. This heightened activity is further evidenced by rising floor prices and tightening bid-ask spreads, indicating a surge in liquidity.

A significant factor contributing to this market revival is the activity of a single, high-profile buyer. This prominent investor, often referred to as a "whale," rapidly acquired a substantial collection of NFTs, including 76 CryptoPunks and over 35 Squiggles. This large-scale purchase triggered a wave of buying activity, capturing attention across on-chain trackers and social media platforms. NFT communities are abuzz with screenshots of transactions and celebratory posts highlighting successful purchases.

Ethereum-based NFT collections are at the forefront of this renewed momentum. Last week, Ethereum NFT trading volume reached approximately $75 million, marking its strongest performance in over seven weeks. This signifies a substantial contribution from Ethereum-based projects to the overall NFT market growth, highlighting the continued relevance of the Ethereum blockchain within the NFT ecosystem. The information provided is from internet sources.