NFT Market Soars as Floor Prices Spike for Top Collections
Investors are returning to non-fungible tokens (NFTs) following a significant single-day purchase of blue-chip NFTs, coinciding with a crypto market rally. The CryptoPunks collection saw a 15.9% increase in floor price, rising from 40.9 ETH to 47.50 ETH, with 83 NFTs acquired. Pudgy Penguins experienced a 15% rise to 16.60 ETH, with 100 new holders participating. The Infinex Patrons collection increased by 9.4% to 1.4 ETH. The broader NFT market cap surged by 21.2% to over $6.34 billion, and total sales volume rose by 303% to $38.7 million. This marks a significant recovery from previous declines, as NFT trading volumes had dropped 61% in early 2025. Experts suggest the market may be rebounding, with potential catalysts like real-world assets and recent successful NFT sales fueling optimism.
