CryptoPunks Drive NFT Market Rebound With $2.9M Hoodie Trait Sweep
The NFT market is showing renewed strength, with total market capitalization jumping 66% to $6 billion over the past 30 days, according to CoinGecko. Leading the charge is CryptoPunks, now commanding more than 30% of the NFT sector’s market share.
In a headline-grabbing move, a single buyer purchased six rare CryptoPunks featuring the coveted hoodie trait in quick succession on OpenSea, spending more than $2.9 million. The acquisition brings the collector’s total Punk holdings to 12 and signals rising interest in high-end NFT assets.
Floor prices for CryptoPunks have surged 29% in the past month to nearly 51 ETH (~$190,000), while other top collections also gained. Pudgy Penguins rose 66.7%, and Bored Ape Yacht Club advanced 9.8%, underscoring broad-based recovery in blue-chip NFT projects.
Despite the rally, the NFT market remains well below its $16.6 billion peak in 2021–2022. Several marketplaces, such as X2Y2, have exited the space, while others have shifted focus toward tokenized assets and DeFi integrations.
Still, this recent wave of capital inflow and strategic buying—particularly from high-conviction whales—suggests a recalibration is underway, potentially laying the groundwork for the next phase of NFT market evolution.
