#NFTMarketWatch

🧭 #NFTMarketWatch

NFT Market Heats Up 🚀

Total market cap has surged past $6.4 billion—a 23% daily jump—while 24‑hour trading volume climbed to nearly $40 million .

Trading activity skyrocketed as network volume doubled (200%+), reaching over $31 million, with buyer/seller counts up almost 90% week-over-week .

🔥 Blue-Chip & Top Movers

CryptoPunks led the charge: ~14% floor gain, $14.7 M in daily sales, triggered by a whale sweep of 45 Punks (~2,082 ETH) .

Moonbirds up ~31%, Pudgy Penguins, BAYC, Mutant Ape, Liberty Cats, Froganas, and more all showing solid growth .

Activity spans across Ethereum (~$79.7 M sales) and Bitcoin-based NFTs, fueled by a ~400% weekly volume spike .

📈 Deeper Trends

The shift toward utility-driven & “phygital” NFTs—combining real-world assets and tokens—is boosting sustained interest .

Nonetheless, recent studies warn of wash trading risks and cyber-squatting hampering market credibility .

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🧭 Key Watchpoints

Next 24h: Will blue‑chip demand hold or cool off after this rally?

Sustained volume: Continued network activity could propel long‑term gains.

Cross‑chain expansion: BTC- and Solana-native NFT growth could broaden market dynamics.

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🎯 TL;DR:

The NFT market is back in full-throttle mode, with blue-chip collections leading a broad rally driven by capital inflows, whales, and stronger utility narratives. Risk factors like wash trading remain but momentum is clearly bullish.

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