Coinpaper
2025-07-21 20:13:07

NFT Market Surges Past $6 Billion as Blue-Chip Collections Lead the Rally

The capitalization of the non-fungible token (NFT) segment surpassed $6 billion, up 28% in 24 hours. Daily sales in the sector jumped 191% to $46 million, according to CryptoSlam . The rise in demand coincided with the strengthening of Ethereum and Solana. Ethereum, the second-largest cryptocurrency by market capitalization, reached a 2025 high of $3,800, while Solana rose to $190, its highest level in five months. The trigger for the growth of the NFT sector was also a major purchase on OpenSea. An unknown investor purchased 45 NFTs from the CryptoPunks collection, spending more than 2,080 ETH ($7.8 million). This transaction drew the attention of both individual collectors and institutional participants, as it demonstrated significant confidence in top-tier NFT assets. The purchase also contributed to renewed momentum across NFT marketplaces, with increased trading activity and notable rises in the value of flagship collections. Against this backdrop, the floor price of CryptoPunks NFTs rose 16.5% in 24 hours, to 47.7 ETH. According to analysts at LVRG Research, the NFT sector is gaining momentum amid a general bullish trend. Traders are returning to leading projects like CryptoPunks, suggesting these projects are undervalued. Vincent Liu, investment director at Kronos Research, believes that this whale buying signals the strength of blue-chip NFTs and the growing appetite among large investors . The influx of liquidity could trigger a rotation of capital back into premium NFTs. Presto Research analyst Min Jung said activity is focused on older collections rather than new projects . This suggests a return of investor interest, but not yet a full-fledged ”NFT season.”

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.