Traders are speeding again into non-fungible tokens (NFTs) after a large single-day “sweep” of blue-chip NFTs on Sunday, propped up by a crypto market rally.
CoinGecko information shows the most important NFT assortment by market cap, CryptoPunks, skilled a 15.9% spike in its flooring worth from 40.9 Ether (ETH) to 47.50 ETH, value over $179,000, with 83 of the NFTs snapped up by new holders in solely a single day.
Pudgy Penguins, the second-largest assortment by market cap, has spiked over 15% to 16.60 Ether ($62,597), with 100 new holders “sweeping” up the NFTs on Sunday.
Rounding out the highest three largest collections, the Infinex Patrons NFT assortment, which grants holders governance voting energy over the Infinex protocol, went up 9.4% to 1.4 Ether, value $5241.
Different collections additionally registered enormous positive aspects, with the YOU THE REAL MVP assortment, which acts because the premium membership of the Memeland ecosystem, leading the pack with a 1280% acquire.
Broader NFT market on the rise
The broader NFT market cap has additionally jumped 21.2% within the final 24 hours to over $6.34 billion, whereas the whole gross sales quantity can also be up 303% to $38.7 million on the day, according to CoinGecko.
It’s a large change from simply months in the past, when Cointelegraph reported in April that NFT volumes plunged 61% within the first quarter of 2025 to $1.5 billion.
Final 12 months was flagged as the market’s worst year for NFT buying and selling quantity and gross sales since 2020, which was marred by volatility and rising token costs.
NFT comeback
Customers on X speculate that the surge is likely to be an indication that the NFT market is again on the rise after years of decline following the highs of the 2021 cycle.
NFT group member “Cirrus” said in a X put up on Sunday that they “noticed somebody purchase a flooring mutant and instantly change their bio to full-time Web3 adviser/marketing consultant. We would truly be again.”
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Investor and former banker Tyler Warner, who posts on X below the deal with TylerD, said he thinks “lots of you’re underestimating how a lot the 2021 class loves NFTs.”
Blockworks co-founder Jason Yanowitz additionally said NFTs are “shifting like there are NFT treasury autos on the horizon.”
Digital artist Mike Winkelmann, also called Beeple, who sold the NFT “Everydays: The First 5000 Days” for $69 million in 2021, commemorated the value growth with a brand new paintings he seemingly named “Huge Sweep.”
Specialists have been predicting an NFT rebound
CryptoSlam strategist Yehudah Petscher told Cointelegraph in May he thought the NFT market was poised for a rebound, however with a extra tempered outlook than its earlier highs.
DappRadar analyst Sara Gherghelas additionally mentioned in a Could report that the sector has the potential to make a comeback, however wants new catalysts to totally rebound, pointing to real-world belongings as a attainable catalyst.
On July 9, American rapper Snoop Dogg sold out a collection of almost 1,000 NFTs on Telegram in half-hour, which additionally sparked discussions a couple of attainable market resurgence.
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