The NFT sector has finally warmed up again, with the total market value rising to $6.417 billion (up 23.2% in 24 hours) and trading volume around $40 million (an increase of 318.3%).
Mainstream projects are performing outstandingly:
CryptoPunks saw a massive whale buy 45 pieces (76 pieces changed hands within 5 hours, the largest scale since 2021), with a floor price of 47.5 ETH (up 15.9% in 24 hours);
Moonbirds saw a surge in popularity due to a brief profile picture change on OpenSea, with a floor price of 1.94 ETH (up 33.3% in 24 hours);
Pudgy Penguins gained external traffic from their appearance in an American TV show, with a floor price of 16.4 ETH (up 13.8% in 24 hours).
Moreover, BAYC (up 13.2% in 24 hours), Azuki (up 26.8%), and Bitcoin ecosystem Taproot Wizards (up 30.3%) have all risen; the NFT concept token BLUR increased by 27.4%, ranking third in OKX's rise list.
The sudden warming of NFTs is actually not too hard to understand logically:
The strong rebound of ETH has drawn attention to NFTs within the ecosystem (top projects are mostly on the Ethereum blockchain); the market has fully washed out after a long period of lows, and the whales may have completed their arrangements.
However, there are still doubts in the market: after multiple previous 'calls,' the sector continues to cool, and retail investors have become numb; although signs of a altcoin season are appearing, whether NFTs can attract more retail investors and funds remains uncertain. The NFT sector has finally warmed up again, with the total market value rising to $6.417 billion (up 23.2% in 24 hours) and trading volume around $40 million (an increase of 318.3%).
Mainstream projects are performing outstandingly:
CryptoPunks saw a massive whale buy 45 pieces (76 pieces changed hands within 5 hours, the largest scale since 2021), with a floor price of 47.5 ETH (up 15.9% in 24 hours);
Moonbirds saw a surge in popularity due to a brief profile picture change on OpenSea, with a floor price of 1.94 ETH (up 33.3% in 24 hours);
Pudgy Penguins gained external traffic from their appearance in an American TV show, with a floor price of 16.4 ETH (up 13.8% in 24 hours).
Moreover, BAYC (up 13.2% in 24 hours), Azuki (up 26.8%), and Bitcoin ecosystem Taproot Wizards (up 30.3%) have all risen; the NFT concept token BLUR increased by 27.4%, ranking third in OKX's rise list.
The sudden warming of NFTs is actually not too hard to understand logically:
The strong rebound of ETH has drawn attention to NFTs within the ecosystem (top projects are mostly on the Ethereum blockchain); the market has fully washed out after a long period of lows, and the whales may have completed their arrangements.
However, there are still doubts in the market: after multiple previous 'calls,' the sector continues to cool, and retail investors have become numb; although signs of an altcoin season are appearing, whether NFTs can attract more retail investors and funds remains uncertain.
