{"id":25461,"date":"2025-07-21T14:21:49","date_gmt":"2025-07-21T11:21:49","guid":{"rendered":"https:\/\/forklog.com\/en\/7-8-million-cryptopunks-purchase-sparks-nft-market-rally\/"},"modified":"2025-07-21T14:21:49","modified_gmt":"2025-07-21T11:21:49","slug":"7-8-million-cryptopunks-purchase-sparks-nft-market-rally","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/7-8-million-cryptopunks-purchase-sparks-nft-market-rally\/","title":{"rendered":"$7.8 Million CryptoPunks Purchase Sparks NFT Market Rally"},"content":{"rendered":"<p>The market capitalization of the non-fungible token (NFT) segment has surpassed $6 billion, increasing by 28% in just 24 hours. The daily sales volume in the sector surged by 191%, reaching $46 million, according to <a href=\"https:\/\/www.cryptoslam.io\/\">CryptoSlam<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"445\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-07-21-140158-1024x445.png\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2025-07-21 140158\" class=\"wp-image-262381\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-07-21-140158-1024x445.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-07-21-140158-300x131.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-07-21-140158-768x334.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-07-21-140158-1536x668.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-07-21-140158.png 1577w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Chart of total NFT market capitalization. Source: <a href=\"https:\/\/www.coingecko.com\/en\/nft\/global-stats#nft-market-chart\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>The surge in demand coincided with the strengthening of Ethereum and Solana. The price of the second-largest cryptocurrency by market cap reached a 2025 high of $3800, while the &#8220;people&#8217;s cryptocurrency&#8221; rose to $190, its highest level in five months.<\/p>\n<p>A major purchase on OpenSea also triggered the growth in the NFT sector. An unknown investor <a href=\"https:\/\/opensea.io\/0x1bb351c5410b2f6bae36a74aa6b38a9800ae72d6\">acquired<\/a> 45 NFTs from the CryptoPunks collection, spending over 2080 ETH ($7.8 million).<\/p>\n<p>Amid this, the floor price of the token <a href=\"https:\/\/www.coingecko.com\/en\/nft\/cryptopunks\">increased by 16.5%<\/a> in 24 hours, reaching 47.7 ETH.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/nft-non-fungible-tokens\/nft-overview\/nft-trade-volume-by-chain\/embed\" title=\"NFT Trade Volume by Chain\"><\/iframe><\/p>\n<p>According to analysts at LVRG Research, the NFT sector <a href=\"https:\/\/www.theblock.co\/post\/363526\/nft-market-cap-tops-6-billion\">is gaining momentum<\/a> amid a general bullish trend. Traders are returning to leading projects like CryptoPunks, suggesting they are undervalued.<\/p>\n<p>Vincent Liu, Chief Investment Officer at Kronos Research, believes the whale purchase signals the strength of &#8220;blue chips&#8221; and a growing appetite among major players. The influx of liquidity could trigger a capital rotation back into premium NFTs.<\/p>\n<p>Presto Research analyst Min Jung noted that activity is concentrated around older collections rather than new projects. This indicates a return of investor interest, but not yet a full-fledged &#8220;NFT season.&#8221;<\/p>\n<p>Earlier in the first quarter of 2025, the trading volume of non-fungible tokens <a href=\"https:\/\/forklog.com\/en\/news\/defi-tvl-and-nft-trading-slump-in-q1-says-dappradar\">declined by 24%<\/a>, as reported by DappRadar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The market capitalization of the non-fungible token (NFT) segment has surpassed $6 billion, increasing by 28% in just 24 hours. The daily sales volume in the sector surged by 191%, reaching $46 million, according to CryptoSlam. Chart of total NFT market capitalization. Source: CoinGecko. The surge in demand coincided with the strengthening of Ethereum and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1213],"class_list":["post-25461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"124","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25461"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25460"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}