NFT FEVER UNLEASHED
Whale invests $4.3 Million in #CryptoPunks while the market explodes by 66% in 30 Days
Has the Great Resurgence of Digital Art Begun?
The Non-Fungible Tokens market #nft is experiencing a dramatic resurgence, driven by "whale" activity that is pushing prices and volumes up. A single buyer has made a massive investment, spending over $2.9 million on six rare CryptoPunks featuring the coveted hoodie trait, deepening this bullish trend.
The purchase, executed in rapid succession on the NFT market OpenSea, occurred against a backdrop of widespread increases in the minimum prices of major collections. In the last 30 days, CoinGecko data reveals that:
CryptoPunks rose 29%, reaching nearly 51 ETH (around $190,000).
#PudgyPenguins experienced an impressive increase of 66.7%.
Bored Ape Yacht Club saw an increase of 9.8%.
The auction of the hoodies stands out because a single buyer acquired all these #NFT rare ones, elevating their personal collection to a total of 12 CryptoPunks.
CoinGecko market data confirms that the total NFT market capitalization increased an astounding 66% in the last 30 days, reaching $6 billion. The CryptoPunks resurgence has been so significant that its market share exceeded 30%.
Despite this remarkable rebound, it's important to contextualize that the NFT sector is still well below the boom of 2021 and 2022, when market capitalization peaked at $16.6 billion. However, the recent capital injection and price increases suggest renewed interest and optimism in the space.