NFT

NFT Market Awakens With 28% Surge, Sparking New Momentum

5 days ago
Bitcoin Ethereum News

The NFT market has roared back to life. In a single day, total market capitalization leapt from $5.1 billion to $6.6 billion,a 28% surge that hasn’t been seen in months.

For the first time since early in the year, activity has snapped from dormancy into full swing, and collectors and traders alike are dusting off their wallets.

Trading volume has followed suit. Last week’s turnover exceeded $140 million, the highest weekly tally since January. OpenSea and Magic Eden are awash with fresh orders, floor prices are ticking upward, and bid‑ask spreads are tightening. Liquidity that once felt thin is now flowing freely.

At the center of this revival sits a single whale. One heavy‑hitter quietly amassed 76 CryptoPunks and more than 35 Squiggles in a matter of hours, setting off a buying spree that lit up on‑chain trackers and sent Twitter feeds into overdrive. Screenshots of wallet transactions and triumphal “I just snagged…” posts now dominate NFT socials.

Ethereum‑based collections are leading the charge. Weekly Ethereum NFT volume climbed to roughly $75 million,its strongest performance in over seven weeks,putting ETH’s share of total NFT turnover comfortably above 50%.

Blue‑chip projects felt the uplift, too: CryptoPunks floor prices flirted with 60 ETH, Bored Ape Yacht Club hovered near 35 ETH, Azuki rested around 12 ETH, and Mutant Ape Yacht Club held close to 17 ETH. Across the board, prices are edging higher.

Polygon And Solana Feels Good Too

On‑chain metrics paint an equally upbeat picture. Daily counts of unique buyers and sellers have ticked up meaningfully, and the number of wallets interacting with NFT smart contracts jumped by 22%. While Ethereum gas fees rose modestly, Layer 1 chains like Polygon and Solana also saw noticeable bumps in activity. Every sign points to healthier network dynamics.

It’s not just legacy collections driving the revival, new projects are , too. Generative‑art mints are back, PFP drops are filling whitelist slots, and utility‑focused tokens are rolling out staking rewards. Virtual land sales are back on the agenda, and play‑to‑earn titles are teasing NFT integrations. Builders who once paused roadmaps are dusting off whitepapers and firing up smart contracts.

Market‑making bots have returned to refill order books, rarity‑sniping contests have resumed, and gas wars are back in vogue. The NFT marketplace hums again with the familiar blend of frenzied bids, flash trades, and the occasional glitch that keeps gas‑war veterans on their toes.

Of course, volatility still looms. Snap corrections can follow these rallies, floor‑price dumps can trigger margin liquidations, and the market loves to remind us that yesterday’s momentum doesn’t guarantee tomorrow’s gains. Smart traders are keeping stops tight, sizing positions sensibly, and reminding themselves to do their own research before chasing fast‑moving trends.

So, are we witnessing a genuine return to the heady days of early NFT mania? The data,and the renewed zeal of whales and retail participants,suggests that the space has awakened from its winter slumber. Now, the question is: are you still holding? Whether you choose to ride the wave higher or lock in profits, one thing is clear,the NFT market is alive again, and the next move promises to be as dramatic as the last.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Source: https://nulltx.com/nft-market-awakens-with-28-surge-sparking-new-momentum/