Ethereum News Today: NFT Market Surges on Ethereum: $6.6B Cap 94% July Jump as CryptoPunks Floor Price Rises 53%

Generated by AI AgentCoin World
Friday, Jul 25, 2025 5:28 am ET1min read
Aime RobotAime Summary

- NFT market cap surged to $6.6B in July, a 94% monthly increase, driven by Ethereum-based collections like CryptoPunks.

- CryptoPunks' floor price rose 53% in July, with GameSquare acquiring the iconic "Cowboy Ape" Punk for $5.15M in stock.

- Pudgy Penguins briefly outpaced CryptoPunks in trading volume, while CryptoBatz jumped 400% after Ozzy Osbourne's death.

- Analysts note NFTs are increasingly valued for status over profit, with sustainability dependent on crypto market trends and regulation.

The NFT market has seen a significant rebound, with the sector’s total market capitalization reaching $6.6 billion in July, a 94% increase compared to June, according to data from DappRadar. This follows a period of declining trading volumes over the past year, with quarterly activity dropping consistently from Q2 2024 through Q2 2025. Weekly trading volume also hit $136 million in July, a 51% rise from the prior week and the strongest weekly performance since February 2025. The surge reflects renewed demand for high-profile NFT collections, particularly those built on the

Ethereum
blockchain.

Ethereum-based projects like CryptoPunks have been central to the market’s resurgence. The CryptoPunks floor price rose 53% in July, with a notable 15.9% spike in 24 hours on July 21, pushing the floor to 47.50 ETH (approximately $180,000). During this period, 83 new holders acquired CryptoPunks, signaling strong participation. High-profile sales further underscored the collection’s cultural and financial appeal.

GameSquare
Holdings acquired Punk 5577, the iconic "Cowboy Ape" CryptoPunk, for $5.15 million in company stock. The Punk, first claimed in 2017 and previously sold for $7.7 million in 2022, is one of only 24 ape-themed Punks, adding to its scarcity and desirability. DappRadar analyst Sara Gherghelas noted that ownership of CryptoPunks is increasingly tied to status rather than profit, calling them the "gold standard of Web3 clout" [1].

While CryptoPunks dominate the headlines, other Ethereum-based collections have also gained traction. Pudgy Penguins temporarily outpaced CryptoPunks in seven-day trading volume, recording $20 million in activity before the lead was reclaimed. Meanwhile, CryptoBatz NFTs surged 400% following the death of heavy metal icon Ozzy Osbourne on July 23, illustrating how celebrity-linked projects can drive sudden volatility in the market.

The July rally suggests a potential stabilization in the NFT sector after months of stagnation. However, sustainability will depend on broader crypto market dynamics and regulatory developments. Scarcity and cultural relevance continue to play pivotal roles in pricing, with high-profile collections maintaining their dominance.

Source: [1] [NFT Market Cap Hits $6.6B in July as CryptoPunks Surge] [https://cointelegraph.com/news/nft-market-cap-6b-cryptopunks-surge]