In recent days, the NFT sector has been led by #NFT板块领涨 , which is indeed a striking phenomenon in the cryptocurrency world. Behind this round of rising prices, there are direct driving forces such as large funds entering the market and the rebound of Ethereum, as well as various factors like improved market sentiment and proactive operations from project teams. From a longer-term perspective, this may be a sign of the market gearing up after a prolonged downturn, but whether it can be sustained in the future still remains uncertain.

🐳 1. Large Whales' Buying Spree Triggers Market Chain Reaction

The catalyst for this market movement mainly came from several large amounts of capital entering the market, quickly igniting market sentiment:

Massive acquisition of CryptoPunks: In the early hours of July 21, a newly created wallet (0x1bb3) spent 2082 ETH (approximately 5.87 million USD) in just 5 hours to scoop up 45 CryptoPunks. This action shocked the market, causing the floor price of CryptoPunks to soar by 15.9% within 24 hours, reaching 47.5 ETH (approximately 179,000 USD), and adding 83 new holders.

Significant market following effect: Spurred by the actions of the whales, other blue-chip projects like Pudgy Penguins and Moonbirds also saw rapid increases. For instance, Pudgy Penguins gained 100 new holders within 24 hours, with the floor price rising 15% to 16.60 ETH (approximately 62,597 USD).

This kind of 'whale buying spree' not only directly pushed up the prices of specific projects but also sent a signal to the market about 'large funds entering,' prompting retail and institutional investors to follow suit.