Meeting

#👀 NFT Comprehensive Movement: Is the Bull Market Still Brewing, or Has It Already Reached Its Final Chapter?

In the past few days, the NFT market has suddenly exploded, and many have caught the scent of a 'new bull market.' However, in my view, it feels more like the final stage of a bull market rotation.

The following three trends are worth your contemplation: 👇👇👇

1⃣ Mysterious Whales Take Action, Reenacting the Punk Sweep

In July, an address named 0x1bb transferred a huge amount from Coinbase Prime, spending $8 million to sweep up 46 CryptoPunks + 30 Chromie Squiggle, directly igniting market enthusiasm.

The total market value of the NFT sector surged 29% in 24 hours, with trading volume skyrocketing by 372%, breaking through the $6.7 billion mark overnight.

2⃣ Not Just ETH, Solana and BTC NFTs Are Also Moving

This wave is not an isolated event; NFT projects across various public chains are simultaneously active:

🔹Solana:

SMB rose by 36%, operated by MonkeDAO (Pumpfun opposing faction core)

Taiyo Robotics increased by 40% in a day, nearly 10 times in a month

Claynosaurz won the animation exhibition gold award, with trading volume surging

🔹BRC20 Ecosystem:

Taproot Wizards' floor price is approaching historical highs, reaching $25,000+

Inter-chain interactions, with new and old projects rotating simultaneously, are not as simple as short-term capital speculation.

3⃣ NFT Explosions Often Indicate the Bull Market Is Entering the 'Tail Phase'

Experience tells us that at the end of every bull market, funds tend to overflow from BTC/ETH to NFT and other 'high-volatility tail assets.'

🔸Whales Stock Up
🔸Airdrops Stimulate
🔸FOMO Sentiment Spreads

——These are often not signals for the start of a bull market but characteristics of a phase top.

What do you think about this wave of NFT explosions?
Is it a rotation carnival of the bull market craze,
Or the final cheers of the tail market?
Feel free to comment and share your thoughts.

#Bonk #ETH