Record-Breaking CryptoPunks Deal Spurred NFT Market Growth
Date: 2025-07-22 Author: Henry Casey Categories: CRYPTO PAYMENTS
The NFT segment has gained 28% in capitalization in a day, surpassing the $6 billion mark. According to CryptoSlam, the volume of daily sales has also increased significantly — to $46 million, which means an increase of almost three times compared to the previous day.
The growth was also supported by the general strengthening of the cryptocurrency market. Ethereum reached a yearly peak, rising to $3,800, and Solana reached $190, which was the maximum in the last five months.
The key catalyst was an unexpected deal on OpenSea: an unknown investor bought 45 NFTs from the well-known CryptoPunks collection at once, spending more than 2,080 ETH, which is equivalent to $7.8 million. After that, the minimum cost of the collection token increased by 16.5% and amounted to 47.7 ETH.
LVRG Research specialists note that the NFT market is showing signs of recovery against the background of a positive mood in the industry. In their opinion, participants are returning to proven collections like CryptoPunks, believing that they have not yet reached a fair valuation.
Vincent Liu, Investment Director of Kronos Research, believes that the large purchase indicates the confidence of major players in the sustainability of NFT blue chips and their willingness to inject liquidity back into the premium segment. This could trigger a new wave of interest and a flow of capital into top collections.
Presto Research analyst Min Jung emphasizes that traders' activity is still focused on old and established collections, rather than new projects. According to him, this indicates renewed investor interest, but it is too early to talk about a full return of the large-scale NFT boom.
At the same time, in the first quarter of 2025, the NFT sector was going through hard times - according to a report by DappRadar, then the trading volume fell by 24%. However, recent events may be a signal for recovery and attracting new participants.
All this shows that the NFT market retains potential for growth, especially if the overall dynamics of the cryptocurrency market remain positive. Investors continue to closely monitor the movement of Ethereum and Solana, which play a key role in maintaining interest in tokens.
Amid the increased volume of transactions, experts urge participants to be careful and take into account the volatility of the market, which remains high even with positive forecasts.
