Digital Whales Ignite the NFT Market: Explosion in Prices and Trades Jump 344% in Just One Day📈🚀
🚀On July 21, 2025, the non-fungible token (NFT) market experienced a strong comeback after recording one of the largest surges in recent months. The total market value increased by more than 22% within 24 hours, rising from $5.1 billion to approximately $6.4 billion.
💥*Key Events in the NFT Market:*
✅ Price Increase:* The minimum price of the CryptoPunks collection rose by 16% to reach 47.5 Ethereum (about $179,000).
✅ Elite Digital Collections:* Pudgy Penguins increased by 15% to 16.75 Ethereum (about $63,500), while Moonbirds made a strong jump of 34%, and Lil Pudgys increased by 17%.
✅ Trading Volume:* Daily trading volume surged by 344% to $42.7 million, the highest level recorded in over six months.
💥*Return of the Whales to the Market:*
✅ Major Purchase:* A new wallet spent approximately 2,082 Ethereum (around $5.7 million) to buy 45 assets from the CryptoPunks collection within a few hours.
✅ Whale Impact:* This purchase contributed to raising prices and generating excitement in the market.
💥General Event.
✅ Rise of the Cryptocurrency Market:* The price of Ethereum surpassed $3,800, while Bitcoin stabilized above $119,000.
✅ Investor Sentiment:* This rise strengthened investor interest in digital assets.
