Investors rushed back to the unimaginable tokens (NFT) after a massive single-day “sweep” of blue-chip NFTs on Sunday, rallied by a crypto market rally.
Coingecko data Shut up The largest NFT collection by market cap, cryptopunks, experienced a 15.9% spike in its floor price from 40.9 ether (Eth) up to 47.50 ETH, which costs more than $ 179,000, with 83 of NFTs who are the new holders in just one day.
The Pudgy Penguins, the second largest collection of market cap, has Spiked More than 15% to 16.60 Ether ($ 62,597), with 100 new “sweeping” NFTs on Sunday.
Rotation in the top three largest collections, the collection of Infinex Patron NF Infinex Protocolclimb 9.4% to 1.4 ether, worth $ 5241.
Other collections have also registered huge gains, along with the true MVP collection, which acts as a premium membership of the Memeland ecosystem, Leading The pack with 1280% gain.
Widely NFT market with increase
The wider NFT Market Cap also jumped 21.2% in the last 24 hours up to more than $ 6.34 billion, while the total sales volume was up to 303% to $ 38.7 million in the day, According to This coingecko.
This was a huge change from months ago, when Cointelegraph reported in April that NFT Volumes have fallen by 61% In the first quarter of 2025 to $ 1.5 billion.
Last year was That -flag as the worst year of the market For the NFT and sales trading volume since 2020, which has been damaged by volatility and increased token prices.
Nft comeback
Users at X have thought that climbing may be a sign that the NFT market is back to increase after years of decline following the high 2021 cycles.
NFT COMMUNITY MEMBER “CIRRUS” Says In an X post on Sunday “they saw someone buy a mutant on the floor and immediately change their bio to full-time web3 counselor/counselor. We can really come back.”
Related: Opensea CTO outlines token Trading Vision for moving beyond NFTS
The investor and former banker Tyler Warner, who posted on X under the Tylerd handle, Says He thinks “many of you are minimizing how much the class of 2021 NFT loves.”
Blockworks co-founder Jason Yanowitz also Says NFTs are “moving as with NFT Treasury vehicles in reach.”
Digital artist Mike Winkelmann, also known as beeple, that sells nft “day -day: the first 5000 days” For $ 69 million in 2021, Remembering The price of the boom with a new artwork that seems to be named “Big Sweep.”
Experts predict an NFT rebound
Cryptoslam strategist Yehudah Petscher told Cointelegraph in May He thought the NFT market was preparing for a rebound, but there was a more annoying point of view than the previous ones.
Dappradar’s analyst also said Sara Gherghelas in a May’s report that the sector has the potential to make a comebackBut it takes new catalysts to completely bounce, pointing to real-world assets as a possible catalyst.
On July 9, American rapper Snoop Dogg Sold a collection of almost 1,000 NFT In the Telegram for 30 minutes, which also caused discussions about a possible resurrection on the market.
Magazine: Tyler Warner in Round Tripping 1,000 ETH Due to ‘Rock Star Complex’: NFT Collector
