CryptoPunks and Pudgy Penguins Lead NFT Market Recovery
The NFT market is witnessing a strong rebound, with major blue-chip collections experiencing a surge in both floor prices and trading activity. Leading the charge is CryptoPunks, which saw its floor price jump by 15.9%, rising from 40.9 ETH to 47.5 ETH in just 24 hours. That’s over $179,000 per NFT, with 83 units bought up by new holders in a single day.
This sharp increase suggests growing confidence among investors, particularly as ETH itself holds firm above $3,790.
Meanwhile, Pudgy Penguins, another top-tier collection, surged over 15% to a floor price of 16.6 ETH (approx. $62,597). More than 100 NFTs were acquired on Sunday alone, a clear sign of renewed interest from collectors and traders alike.
NFT Market Cap Climbs Past $6 Billion
In a broader view, the total NFT market capitalization has grown 21.2% in the past 24 hours, reaching $6.34 billion. Accompanying this rally is a massive jump in daily sales volume, which is up 303% to $38.7 million.
These figures mark a stunning turnaround from earlier this year, when NFT sales plunged by over 60% in Q1 to just $1.5 billion — the lowest levels since 2020.
Infinex, Memeland Collections Show Impressive Gains
The Infinex Patrons NFT series, offering governance rights over the Infinex protocol, also saw strong momentum, rising 9.4% to 1.4 ETH, now valued at approximately $5,241.
The most impressive move came from the YOU THE REAL MVP collection within the Memeland ecosystem, which spiked 1,280%, signaling speculative flows returning to high-risk, high-reward segments.
Signs of a Long-Term NFT Comeback?
Traders and community members are speculating that NFTs could be staging a real comeback, echoing some of the sentiment seen during the 2021 bull run. Prominent digital artists and investors are celebrating the resurgence, with some users calling this the return of NFT mania.
If this momentum continues, the market could re-enter a sustained growth cycle, especially as crypto valuations remain strong and new Web3 use cases emerge.
Final Thoughts
The recent NFT market rally, led by CryptoPunks, Pudgy Penguins, and governance-linked collections, underscores a renewed investor appetite. With trading volumes and floor prices rising sharply, NFTs may be on track to reclaim relevance in the digital asset landscape after a prolonged slump.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.