NFT Market Cap Surges to $6.6B in July as CryptoPunk Sells for $5M – Are NFTs Back?

Key Points

1. NFT market capitalization surged 94% to $6.6 billion in July 2025, with weekly trading volumes spiking 51% to $136 million.

2. Blue-chip collections like CryptoPunks and Pudgy Penguins drove the market revival, with CryptoPunks seeing a 53% floor price increase.

3. Moonbirds and Art Blocks staged comebacks, with Moonbirds' trading volume soaring 600% and Art Blocks' average sale prices jumping 156%.

4. Telegram NFTs gained traction, with Snoop Dogg’s NFT collection selling out in 30 minutes and the Telegram NFT Gifts market reaching $200 million capitalization.

5. Regulatory clarity from SEC Commissioner Hester Peirce confirmed many NFTs do not qualify as securities, and a court ruling affirmed NFTs can be trademarked as physical products.