Investor interest in non-fungible tokens (NFTs) has reignited following a significant market sweep on Sunday, driven by renewed optimism in the broader crypto space.
According to CoinGecko, CryptoPunks — the largest NFT collection by market cap — saw a 15.9% surge in its floor price, climbing from 40.9 ETH to 47.5 ETH (around $179,000), reports Cointelegraph.
A total of 83 new CryptoPunks were acquired in a single day, highlighting a strong wave of fresh buying activity. Pudgy Penguins, the second-largest NFT project, also gained over 15%, rising to 16.6 ETH ($62,597) with 100 new holders joining. Infinex Patrons, a governance-driven NFT tied to the Infinex protocol, jumped 9.4% to 1.4 ETH. The standout performer was YOU THE REAL MVP, which skyrocketed by 1280%, signaling renewed appetite for premium memberships and ecosystem-driven tokens.
NFT market rebounds after prolonged slump
The wider NFT market experienced a dramatic 24-hour rebound, with the total market cap increasing 21.2% to $6.34 billion and daily sales volume spiking 303% to $38.7 million. This marks a stark contrast from earlier this year when NFT trading volumes plunged by 61% in Q1 2025, reaching just $1.5 billion. The downturn throughout 2024 had been widely seen as the worst period for NFTs since 2020, with declining interest and token volatility driving many investors away.
However, the recent revival has sparked speculation that NFTs may be entering a new bullish phase, possibly with stronger fundamentals than before. Several community members on X (formerly Twitter) are calling the comeback a return to form, with some jokingly declaring themselves full-time Web3 advisors after making fresh purchases. As sentiment improves, some believe NFTs could be on the cusp of mainstream financial adoption.
Catalysts and sentiment point to lasting recovery
Signs of an NFT revival had been building for months, with experts hinting at a more mature second wave for the sector. CryptoSlam strategist Yehudah Petscher previously predicted a rebound in May, though he warned that the market’s comeback would likely be more measured than the 2021 boom. DappRadar analyst Sara Gherghelas echoed this, noting that real-world asset integration and new use cases could drive long-term growth. Momentum picked up further when Snoop Dogg sold out nearly 1,000 NFTs via Telegram on July 9 in just 30 minutes, reigniting buzz across platforms. Digital art icon Beeple commemorated the revival with a new piece titled “Big Sweep,” signaling that creators and collectors alike are taking the upswing seriously. As NFTs regain traction, market analysts suggest that institutional-grade products like NFT treasuries could be on the horizon, marking a new era for the space.
Recently we wrote that global non-fungible token (NFT) sales reached $2.82 billion in the first half of 2025, a 4.61% decline from H2 2024’s $2.96 billion.
Latest Crypto News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
