NFT Market Cap Soars 66% as CryptoPunks Buyer Spends Millions on Hoodie Traits
Non-fungible tokens (NFTs) are staging a notable comeback, with total market capitalization climbing 66% to $6 billion over the past month, according to CoinGecko. Leading the rally is CryptoPunks, which now commands more than 30% of the NFT sector’s total value.
Fueling the surge, a single crypto whale spent over $2.9 million acquiring six rare “hoodie” CryptoPunks in quick succession on OpenSea. The spree has expanded the buyer’s collection to 12 punks, signaling renewed appetite for legacy digital collectibles.
Floor prices have rallied alongside volume. CryptoPunks rose 29% to nearly 51 ETH (around $190,000). Pudgy Penguins jumped 66.7%, while Bored Ape Yacht Club gained 9.8% over the same period.
Despite the bullish breakout, the NFT space remains well below its 2021–2022 highs, when market capitalization peaked at $16.6 billion. Since then, major platforms like X2Y2 have shut down or pivoted toward tokenized trading.
Still, the sharp uptick in high-value purchases and rising floors across top collections may indicate early signs of a more sustained rebound, as investor sentiment turns cautiously optimistic.
