NFT Market Surges: Floor Prices for Top Collections Skyrocket!
NFT Market Sees Surge as Investors Return Amid Crypto Rally
Major NFT Collections Experience Significant Price Increases
Investors are flocking back to non-fungible tokens (NFTs) following a remarkable surge in blue-chip NFT sales on Sunday, fueled by a rally in the cryptocurrency market. According to data from CoinGecko, the leading NFT collection by market capitalization, CryptoPunks, saw its floor price rise by 15.9%, climbing from 40.9 Ether (ETH) to 47.50 ETH, translating to over $179,000. In just one day, 83 CryptoPunks were acquired by new collectors.
Similarly, the Pudgy Penguins collection, which ranks second in market cap, experienced a 15% increase, reaching 16.60 Ether (approximately $62,597), with 100 new owners purchasing NFTs on the same day. The Infinex Patrons NFT collection, which provides holders with governance rights over the Infinex protocol, also saw a 9.4% rise, now valued at 1.4 Ether, or $5,241.
Overall NFT Market Shows Strong Growth
The broader NFT market capitalization has surged by 21.2% within the last 24 hours, exceeding $6.34 billion. Additionally, total sales volume skyrocketed by 303%, reaching $38.7 million, as reported by CoinGecko. This marks a stark contrast to previous months, when NFT trading volumes plummeted by 61% in the first quarter of 2025, totaling only $1.5 billion.
Last year was noted as one of the worst for NFT trading, characterized by significant volatility and rising token prices.
Signs of a Comeback in the NFT Space
Users on social media platform X are speculating that this uptick may indicate a revival of the NFT market after a prolonged period of decline following the highs of 2021. One community member, known as “Cirrus,” shared their observations about a buyer who quickly rebranded themselves as a full-time Web3 consultant after purchasing a floor mutant NFT, suggesting that the market may be on the mend.
Investor Tyler Warner, who shares insights on X under the handle TylerD, expressed that many may be underestimating the enthusiasm of the 2021 NFT class. Blockworks co-founder Jason Yanowitz remarked that NFTs are moving as if there are treasury vehicles for NFTs on the horizon. Digital artist Mike Winkelmann, widely recognized as Beeple, celebrated the price surge with a new piece titled “Big Sweep.”
Experts Anticipate a Potential NFT Rebound
CryptoSlam strategist Yehudah Petscher previously indicated that the NFT market was likely to rebound, albeit with a more cautious perspective compared to its earlier peaks. DappRadar analyst Sara Gherghelas echoed this sentiment, suggesting that while the sector has the potential for recovery, it requires new catalysts to fully regain momentum, with real-world assets being a possible driver.
On July 9, American rapper Snoop Dogg successfully sold out nearly 1,000 NFTs on Telegram in just 30 minutes, further igniting discussions about a potential resurgence in the market.
