{"id":37970,"date":"2025-07-21T14:01:55","date_gmt":"2025-07-21T14:01:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37970"},"modified":"2025-07-21T14:01:55","modified_gmt":"2025-07-21T14:01:55","slug":"are-nfts-back-one-whale-just-swept-45-cryptopunks-for-8-million","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37970","title":{"rendered":"Are NFTs Back? One Whale Just Swept 45 CryptoPunks For $8 Million"},"content":{"rendered":"
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NFT collections, including CryptoPunks, Bored Apes, Moonbirds, and Pudgy Penguins, are experiencing a sudden surge in demand, with the floor prices of some collections increasing by double digits overnight.<\/p>\n

This spike in interest aligns with the rising prices of Ethereum and Solana<\/a>, the blockchain networks behind most major NFT collections. Ethereum reached a peak of $3,800 on Monday, its highest point in 2025, while SOL climbed to $190, its strongest level in five months.<\/p>\n

\"The<\/p>\n

(SOURCE<\/a>)<\/p>\n

The total NFT market cap is now sitting at over $6.7 billion, nearly doubling from $3.2 billion less than a month ago. With the growing demand for NFTs, this provides another signal that investors are cycling out of Bitcoin and back into more speculative plays.<\/p>\n

Other signs include a near 7% decline in Bitcoin\u2019s market dominance to around 60.8% over the past month, according to TradingView<\/a> data.<\/p>\n

24-hour trading volume across the NFT sector has spiked to $45.8 million, while just a month ago, NFTs were barely scraping $10 million in daily volume \u2014a huge signal of trader interest returning to digital art.<\/p>\n

This rise across the NFT sector is partly due to the increase in the prices of Solana<\/a> and Ethereum, the two networks responsible for the majority of the NFT market.<\/p>\n

Also contributing to the resurgence is the success of PENGU, the native token behind Pudgy Penguins. It has increased by 300% in just 30 days and is now around 850% higher than its yearly low of $0.0037 from April of this year.<\/p>\n

Its rise has generated a lot of chatter and attention in the NFT market as a byproduct of PENGU being part of a wider NFT ecosystem.<\/p>\n

PENGU\u2019s success has created fresh demand for the Pudgy Penguin and Lil Pudgy NFT collections, with their floors sitting at 16.75 ETH ($63,000) and 1.8 ETH ($6,750), respectively.<\/p>\n

However, all talk right now is back on CryptoPunks, the original NFT collection that has seen a nearly 20% increase in the past 30 days, with huge buys returning to the most talked-about digital art collection of 2021.<\/p>\n

DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now\u00a0<\/a><\/strong><\/p>\n

CryptoPunks Are Back: One Whale Just Went On An $8M Shopping Spree<\/h2>\n
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A whale created a new wallet(0x1bb3) and spent 2,082 $ETH<\/a>($5.87M) to buy 45 CryptoPunk NFTs 4 hours ago.https:\/\/t.co\/mVu8wrKhT7<\/a> pic.twitter.com\/pfH4j5lYKI<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) July 21, 2025<\/a><\/p>\n<\/blockquote>\n