A new wallet purchased 45 CryptoPunks for $7.79M, driving a 15.9% rise in the collection's floor price.
NFT market cap rose 21.2% to $6.34B, with daily sales volume jumping 303% to $38.7M.
Community and analysts point to renewed interest, with Snoop Dogg’s recent NFT drop adding to market momentum.
A renewed surge of investor activity hit the NFT market on Sunday, following a wave of high-value purchases. A newly created crypto wallet acquired 45 CryptoPunks for a total of 2,082 ETH, valued at $7.79 million. Confirmed by Cointelegraph post on X, the purchase came as part of a broader “sweep” that impacted several leading NFT collections.
https://twitter.com/Cointelegraph/status/1947129630940426547 Blue-Chip NFTs Lead Market Surge
CryptoPunks, the largest NFT collection by market capitalization, saw its floor price rise by 16.5%. According to CoinGecko, the price jumped from 40.9 ETH to 47.75 ETH, equivalent to more than $179,000. During the same day, 83 CryptoPunks NFTs were acquired by new holders.
Source: Coingecko
Pudgy Penguins, which ranks second by market cap, experienced a 15% price increase to 16.6 ETH, or roughly $62,597. The collection saw a major influx of demand as 100 new holders entered the market. Infinex Patrons, a governance NFT tied to the Infinex protocol, posted a 9.4% price increase to 1.4 ETH. The asset, worth around $5,241, remains the third-largest collection by market size.
You The Real MVP, a membership NFT in the Memeland ecosystem, recorded the most significant daily gain. The collection rose 1,280% in price, marking the sharpest single-day performance among top-tier NFTs.
Broader Market Metrics Improve Sharply
CoinMarketCap data shows that the total NFT market cap jumped 1.04% in the last 24 hours. The current valuation stands at $1.66 billion, a major change from the previous quarters. Total NFT sales volume surged 605.63% on the day, reaching $6.8 million.
Source: CoinMarketCap
These metrics show a sharp contrast with earlier 2025 trends. In April, NFT volumes had dropped 61% in Q1 to $1.5 billion. Last year was also marked by poor market performance, recording the lowest trading volume since 2020.
Community Activity and Past Forecasts Surface
Digital artist Beeple posted a new artwork on Sunday titled “Big Sweep” in reference to the activity. Other NFT-focused users on X also referenced the comeback. One user noted that buyers are returning and updating their profiles to reflect renewed activity.
Blockworks co-founder Jason Yanowitz commented that the movement appears to follow emerging NFT treasury activity. Investor Tyler Warner added that many collectors from 2021 remain active and continue to engage with NFT drops.
Earlier in May, analysts pointed to signs of a rebound. CryptoSlam’s Yehudah Petscher said the market was setting up for a return. DappRadar’s Sara Gherghelas noted that real-world assets could serve as future growth drivers. On July 9, rapper Snoop Dogg sold nearly 1,000 NFTs in 30 minutes through Telegram, contributing to growing market momentum.
