Ethereum News Today: NFT Market Surges 21.2% in 24 Hours as Blue-Chip Collections Gain 15.9%

The NFT market is experiencing a notable resurgence, with a significant increase in the acquisition of blue-chip NFTs and a surge in floor prices across top collections. This renewed interest is driven by a broader crypto market rally, which has led to substantial gains in market capitalization and trading volumes within the NFT sector.

CryptoPunks, the largest NFT collection by market capitalization, saw a 15.9% increase in its floor price, rising from 40.9 to 47.5 Ether (ETH), equivalent to over $179,000. This surge was accompanied by 83 NFTs being acquired by new holders in a single day, highlighting the heightened demand for premium digital assets. Similarly, Pudgy Penguins, the second-largest collection by market cap, experienced a floor price increase of over 15% to 16.6 ETH ($62,597), with 100 new holders actively purchasing NFTs during the same period. The Infinex Patrons collection, which offers governance voting rights within the Infinex protocol, also recorded a 9.4% increase to 1.4 ETH ($5,241), reflecting growing interest in utility-driven NFTs.

The overall NFT market cap surged by 21.2% within 24 hours, surpassing $6.34 billion, while daily sales volume skyrocketed 303% to $38.7 million. This rebound contrasts sharply with the market downturn earlier in the year, when NFT volumes plummeted 61% in Q1 2025 to $1.5 billion. The current momentum suggests a revitalization of the NFT space, driven by both speculative and utility-based demand.

Social media discussions reflect growing optimism about the NFT market’s trajectory. Influential community members and investors highlight a resurgence reminiscent of the 2021 NFT boom. For instance, a notable X user observed a buyer immediately rebranding as a full-time Web3 consultant after acquiring a floor mutant NFT, indicating renewed professional interest in the space. Investor Tyler Warner emphasized the enduring passion of the 2021 NFT cohort, suggesting that this demographic continues to fuel market activity. Meanwhile, Blockworks co-founder Jason Yanowitz pointed to emerging NFT treasury vehicles as a potential catalyst for sustained growth. Digital artist Beeple commemorated the market upswing with a new artwork titled “Big Sweep,” symbolizing the recent surge in NFT acquisitions.

Industry analysts have long anticipated a market rebound, albeit with tempered expectations. CryptoSlam strategist Yehudah Petscher forecasted a recovery in May, emphasizing a more measured pace compared to previous peaks. DappRadar analyst Sara Gherghelas identified the integration of real-world assets as a critical factor that could drive the next phase of NFT adoption and market expansion. High-profile NFT drops continue to generate excitement, exemplified by American rapper Snoop Dogg’s recent sell-out of nearly 1,000 NFTs on Telegram within 30 minutes. Such events not only boost trading volumes but also attract mainstream attention, potentially broadening the NFT user base.

The NFT market’s recent rebound is characterized by substantial floor price gains in blue-chip collections, increased trading volumes, and renewed investor enthusiasm. While the recovery remains cautious, expert insights and community sentiment suggest a foundation for sustainable growth. Continued innovation, particularly through real-world asset integration and high-profile endorsements, will be pivotal in shaping the market’s future trajectory.