22.07.2025 01:49

A surge in NFT trading volume has unexpectedly revitalized the market, shattering recent periods of stagnation. This dramatic upswing, confirmed by data from internet sources like CoinGecko, shows a remarkable resurgence of investor interest and a significant spike in transactional activity. The market capitalization of NFTs experienced a billion-dollar jump in a single day, representing a 17 percent increase—a staggering $5.1 billion rise to a total of $6 billion.

Leading this resurgence are blue-chip NFTs, particularly CryptoPunks, whose sales volume exploded by an astonishing 11,737 percent within 24 hours. This phenomenal growth translates to over $15.4 million in sales, a figure fueled by an 8,600 percent increase in the number of transactions—jumping from a previously low number to 87 sales. Buyer activity similarly skyrocketed, with a remarkable 1,800 percent increase, seeing 19 buyers acquire highly sought-after collectibles. Despite this heightened trading activity, the average holding period for these NFTs remained relatively stable at approximately 202 days.

The remarkable increase in CryptoPunks trading significantly impacted the overall NFT market. The floor price for CryptoPunks surged by 16 percent, reaching 47.5 ETH (nearly $179,000 USD). This price jump triggered a buying frenzy; a single wallet alone purchased 45 CryptoPunks for over 2,000 ETH in a short period, significantly boosting the OpenSea platform's trading volume and driving the broader market rally. The momentum wasn't limited to CryptoPunks; other prominent Ethereum-based collections, such as Pudgy Penguins, also saw substantial gains, with their floor price climbing 15 percent to 16.6 ETH. This widespread market uplift suggests a potential return to the fervor surrounding NFTs seen in previous years.