nft

CryptoPunks soared to the top of NFT charts with a 14% floor price jump and $14.7M in daily sales. #nft
The NFT market roared to life on Monday, jumping more than 20% in a single day, with total market cap rising from $5.1b to $6.3b.
After months of stagnation, renewed interest in Ethereum-based collections appears to be driving the sudden revival.
A major catalyst came in the form of a high-profile CryptoPunk sweep. According to on-chain data from Lookonchain, a newly created wallet, 0x1bb3, spent 2,082 ETH, or about $5.87m, to purchase 45 CryptoPunk NFTs within hours.
The transaction lit up OpenSea, where the wallet now holds assets valued at over 1,700 ETH, or roughly $ 6.5m.

CryptoPunks Dominate as Blue-Chip NFTs Spark Market Revival
CryptoPunks led the rally, with floor prices climbing 14% from the previous day to $175,320. This surge pushed the project to the top of the 24-hour sales leaderboard, clocking in over $14.7m in volume, according to CryptoSlam. That marked a staggering 11,143% increase in daily sales.
Other Ethereum $ETH collections followed suit. Moonbirds recorded a 31.1% gain, while Pudgy Penguins rose 2.7%. Bored Ape Yacht Club saw a 6.9% increase, and niche collections like Infynex Patron gained 9.4%.
The broader uptick signals a shift in sentiment as investors appear to be rotating capital back into high-value NFT assets.

Iconic Collections and ETH Dominance Hint at Broader Recovery
Ethereum retained its dominance by a wide margin, notching $32m in NFT sales over 24 hours, a 339% spike. Solana, Bitcoin and BNB Chain trailed, each generating between $1.3m and $2.1m in sales, data from CryptoSlam showed.
The rise in activity coincides with a sharp increase in wallet activity and a visible uptick in both buyer and seller participation. Ethereum alone saw over 5,400 buyers and 6,000 sellers across NFT marketplaces within the same period.
While it remains unclear whether this momentum will sustain, the sharp uptick shows how quickly sentiment can shift in the NFT space. The market had been mired in sluggishness for months, with volumes declining and floor prices softening across major collections.
Not all platforms or blockchains experienced the recovery to the same extent. While Ethereum-based collections surged, others like Immutable and Polygon recorded smaller gains or minor dips, showing Ethereum’s ongoing lead in high-value NFT transactions.
CryptoPunks’ leading role in the recent surge shows the enduring appeal of iconic collections with cultural significance, particularly when major investors join the action.
This rapid influx of funds and interest might indicate the onset of a wider market recovery. Still, experienced analysts warn that the NFT market remains unpredictable and closely tied to overall cryptocurrency trends.

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Ethereum is celebrating its 10th anniversary – and it's doing so in style. Alongside a sharp rise in both price and market capitalization, the Ethereum Foundation has launched a unique NFT called Ethereum Torch – a digital torch symbolizing the strength of its community and the project's journey.

🎉 A Torch Passed Daily – Symbol of Unity Across the Globe
The initiative was announced on July 21 via Ethereum’s official X (formerly Twitter) account. The NFT torch is passed to a new wallet every 24 hours, symbolizing a 10-day relay leading up to July 30, the day Ethereum’s mainnet officially launched ten years ago.
Joseph Lubin, Ethereum co-founder and founder of ConsenSys, holds the torch first. Each day, the torch is handed to another key member of the community. The goal is to highlight Ethereum’s global reach and its collective spirit, which have fueled the network’s success.

🔥 Final Burn Marks the End of One Era – and the Start of Another
On July 30, the NFT torch will be burned, which the Foundation says marks the end of Ethereum’s first decade and the beginning of a new chapter. After the burn, a new NFT will be made available for free minting, serving as a public commemorative token. Anyone can mint it directly from Ethereum’s official website.
The announcement sparked lively discussions online. Many praised the torch as a powerful symbol of solidarity. The Ethereum Torch NFT is not listed on marketplaces like OpenSea, which emphasizes its meaning and community value rather than speculation or trading.

📈 The NFT Market Is Waking Up – Ethereum Leads the Charge
Meanwhile, the NFT market is showing signs of revival. On-chain data reveals that total NFT trading volume across all blockchains surpassed $110 million last week – the highest weekly figure in the past six months.
🔹 Ethereum-based projects made up $75 million of that volume, a 300% increase from just two weeks prior.

🔹 This surge coincides with a nearly 50% rise in Ethereum’s price since July 6, drawing traders and collectors back to the market.

🔹 Analysts suggest this could signal a renewed belief in digital art and collectibles, particularly those with deeper meaning.

🧊 A Tough 2024 for NFTs – But Momentum Is Returning
The year 2024 was a challenging one for NFTs, with year-over-year trading volume dropping 18%. However, the rebound varies across different blockchains:
🔹 Bitcoin-based collectibles saw weekly volume rise to $25.6 million, nearly double the $11 million recorded in early July.

🔹 Meanwhile, Polygon saw a slight decline, indicating that interest is consolidating around the strongest platforms.

🧸 Institutions Are Getting Involved: NFT-Based ETFs on the Horizon
Institutional interest is also growing. The Cboe BZX exchange filed for a new ETF with Canary Capital, which would hold PENGU tokens tied to the popular Pudgy Penguins NFT collection.
According to CoinGecko, Pudgy Penguins ranked second in trading volume among all NFT series – behind only CryptoPunks and ahead of Bored Apes.
Investor appetite is clearly heating up. One buyer recently spent $8.5 million in a single transaction to purchase 48 NFTs – a striking sign of renewed confidence in the digital collectibles space.

#Ethereum , #ETH , #CryptoNews , #nft , #Web3

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