21.07.2025 13:51
A significant resurgence in the NFT market unfolded on Monday, witnessing a remarkable 20% surge in a single day. This dramatic increase propelled the total market capitalization from $5.1 billion to $6.3 billion. After a prolonged period of stagnation, the revival appears to be primarily fueled by a renewed interest in Ethereum-based NFT collections.
A substantial acquisition of CryptoPunks NFTs acted as a key catalyst for this market upswing. A newly established wallet, identified as 0x1bb3, acquired 45 CryptoPunks for a staggering 2,082 ETH (approximately $5.87 million) within a few hours, according to on-chain data from Lookonchain. This monumental transaction significantly boosted activity on OpenSea, where the wallet's holdings now exceed 1,700 ETH, valued at roughly $6.5 million.
This CryptoPunk purchase fueled a rapid price increase, with floor prices jumping 14% to $175,320 in a single day. The collection dominated the 24-hour sales leaderboard, generating over $14.7 million in volume – a phenomenal 11,143% increase compared to the previous day's sales, as reported by CryptoSlam. This impressive growth wasn't limited to CryptoPunks; other Ethereum-based collections also experienced significant gains. Moonbirds saw a 31.1% increase, Pudgy Penguins rose 2.7%, Bored Ape Yacht Club climbed 6.9%, and even niche projects like Infynex Patron experienced a notable 9.4% gain.
Ethereum's dominance in the NFT market was further solidified. It accounted for $32 million in NFT sales within 24 hours, representing a substantial 339% surge. In contrast, Solana, Bitcoin, and BNB Chain lagged significantly, with sales ranging from $1.3 million to $2.1 million, according to data from CryptoSlam. This increased NFT trading activity correlates with a noticeable rise in overall wallet activity and a surge in both buyer and seller participation on NFT marketplaces. Over 5,400 buyers and 6,000 sellers interacted on Ethereum NFT marketplaces within the same period.
Although the sustainability of this upward trend remains uncertain, this sharp increase highlights the volatile nature of sentiment within the NFT market. For several months, the market had been characterized by sluggish activity, declining trading volumes, and softening floor prices across major collections. While Ethereum-based collections experienced this remarkable surge, the performance of other NFT collections wasn't specified.
