The NFT market saw a stunning resurgence on Monday, rising more than 20% in a single day and boosting the total market cap from $5.1 billion to $6.3 billion. The revival was largely driven by renewed interest in Ethereum-based NFTs, particularly the iconic CryptoPunks collection.\
On-chain data from Lookonchain revealed that a newly created wallet, 0x1bb3, spent 2,082 ETH (around $5.87 million) to acquire 45 CryptoPunks within hours. This high-profile sweep propelled CryptoPunks’ floor price up 14% to $175,320 and vaulted the project to the top of the 24-hour sales charts, generating over $14.7 million in volume — an 11,143% surge compared to the previous day.
Other top Ethereum collections also posted gains, with Moonbirds climbing 31.1%, Bored Ape Yacht Club rising 6.9%, and Pudgy Penguins up 2.7%. Ethereum’s dominance in the NFT space was clear, with $32 million in sales during 24 hours, reflecting a 339% increase.
While the momentum shows promise, experts caution the NFT market remains volatile and heavily influenced by broader crypto trends. Still, the recent activity highlights the lasting appeal of blue-chip NFT assets and a potential turning point in market sentiment.
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