NFT collections such as CryptoPunks, Bored Apes, Moonbirds, and Pudgy Penguins are witnessing a sudden rise in demand. Floor prices for some collections have jumped significantly overnight.
This increase in interest coincides with the rising values of Ethereum and Solana, the blockchain platforms underpinning the leading NFT collections. Recently, Ethereum hit $3,800, its highest in 2025, while Solana reached $190, the strongest value in five months.
Ethereum and Solana Performance
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The total market capitalization for NFTs has soared to over $6.7 billion, nearly double the figure of $3.2 billion from less than a month ago. This growing demand suggests that investors are shifting their focus from Bitcoin to more speculative assets.
In the past month, Bitcoin’s market dominance has declined by nearly 7%, sitting at around 60.8%, according to data from TradingView.
The NFT sector’s 24-hour trading volume has surged to $45.8 million, up significantly from barely reaching $10 million daily just a month ago, indicating a strong resurgence in trader interest for digital art.
This revival can be attributed partly to rising prices in Solana and Ethereum, which are crucial to the majority of the NFT market.
Additionally, the impressive performance of PENGU, the native token for Pudgy Penguins, which has increased by an incredible 300% over the last month, has fueled excitement and demand within the NFT ecosystem.
Currently, PENGU trades about 850% higher than its yearly low of $0.0037, observed in April. This uptick has intensified interest in both the Pudgy Penguin and Lil Pudgy NFT collections, with respective floor prices at 16.75 ETH ($63,000) and 1.8 ETH ($6,750).
Amid this buzz, all eyes are back on CryptoPunks, the original NFT collection that has surged nearly 20% in the past month, cheered on by significant purchases returning to this iconic digital art series.
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CryptoPunks Are Back: A Whale Just Spent $8 Million
A whale recently created a new wallet (0x1bb3) and bought 45 CryptoPunk NFTs for roughly 2,082 ETH (approximately $5.87 million) just four hours ago. Check the tweet
CryptoPunks are seeing rapid price increases once again. During the NFT peak in late 2021, acquiring a Punk would have cost over 100 Ethereum, valued at around $4,800 at Ethereum’s peak.
Today, as the market picks up steam, the floor price has risen to 47.75 Ethereum, or roughly $182,000 per Punk, largely driven by this significant buyer.
This substantial purchase has pushed CryptoPunks to hold over 28% of the entire NFT market, overtaking Pudgy Penguins, which have a 9% market share.
Other Noteworthy Movements in the NFT Space
I think a lot of you are underestimating how much the 2021 class loves NFTs
— TylerD 🧙♂️ (@Tyler_Did_It) July 20, 2025
Beyond the headlines of prominent NFTs like CryptoPunks, several top collections have also experienced substantial growth. Bored Ape Yacht Club has surged nearly 23% within 24 hours, reaching over $50,900 with a trading volume of $3.8 million in the last day.
Azuki, another well-known collection, has noted a 26% rise, with its floor price spiking to 2.43 ETH ($9,100), up from under 2 ETH earlier this year.
Milady Maker, a prominent PFP NFT collection known widely on social media, has seen a moderate increase of 10%, with volumes rising sharply. Since early July, floor prices have risen approximately 30% to $9,800.
Investor Tyler Warner, known on X as TylerD, pointed out that many may not recognize the enthusiasm for NFTs among the 2021 cohort. Additionally, Jason Yanowitz, co-founder of Blockworks, remarked that upcoming NFT treasury vehicles seem to be gaining traction.
Notably, digital artist Mike Winkelmann, known as Beeple, who made headlines for selling the NFT “Everydays: The First 5000 Days” for an astonishing $69 million in 2021, reflected this price surge with a new artwork titled “Big Sweep.”
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