NFT Market Surges Past $6 Billion as Blue-Chip Collections Lead the Rally
Main Idea
The NFT market capitalization surged by 28% in 24 hours, reaching over $6 billion, with significant increases in sales and notable purchases of high-value NFTs like CryptoPunks.
Key Points
1. The NFT market capitalization exceeded $6 billion, marking a 28% increase in 24 hours.
2. Daily NFT sales jumped 191% to $46 million.
3. An unknown investor spent over 2,080 ETH ($7.8 million) to purchase 45 CryptoPunks NFTs.
4. The floor price of CryptoPunks NFTs rose 16.5% in 24 hours to 47.7 ETH.
5. Analysts suggest the NFT sector is gaining momentum, with blue-chip NFTs like CryptoPunks being undervalued.
Description
The capitalization of the non-fungible token (NFT) segment surpassed $6 billion, up 28% in 24 hours. Daily sales in the sector jumped 191% to $46 million, according to CryptoSlam . The rise in demand coincided with the strengthening of Ethereum and Solana. Ethereum, the second-largest cryptocurrency by market capitalization, reached a 2025 high of $3,800, while Solana rose to $190, its highest level in five months. The trigger for the growth of the NFT sector was also a major purchase on OpenSea...
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