Major $7.8 Million CryptoPunks Purchase Sparks NFT Market Rally

The market capitalization of the non-fungible token (NFT) segment has surpassed $6 billion, marking a 28% increase in a single day. The daily sales volume in this sector skyrocketed by 191%, reaching $46 million, according to data from CryptoSlam.

This surge in demand coincided with the strengthening of Ethereum and Solana. The price of the second-largest cryptocurrency hit a 2025 peak at $3,800, while the popular “people’s cryptocurrency” rose to $190—its highest level in five months.

A significant purchase on OpenSea has also acted as a catalyst for the increase in the NFT sector. An anonymous investor acquired 45 NFTs from the CryptoPunks collection, spending over 2,080 ETH ($7.8 million).

As a result, the minimum price of tokens rose by 16.5% in 24 hours, reaching 47.7 ETH.

Analysts at LVRG Research suggest that the NFT market is gaining momentum amid a broader bullish trend. Traders are returning to leading projects like CryptoPunks, believing they are undervalued.

Vincent Liu, the investment director at Kronos Research, believes that the large purchase by a whale signals the strength of «blue-chip» NFTs and an increasing appetite among major players. This influx of liquidity could lead to a rotation of capital back into premium NFTs.

Presto Research analyst Min Jung noted that activity is currently focused on established collections rather than new projects. This indicates a resurgence of interest from investors, though it does not yet reflect the onset of a full-fledged «NFT season.»

It is worth mentioning that in the first quarter of 2025, trading volumes for non-fungible tokens decreased by 24%, as reported by DappRadar.