Is NFT season back? 22% jump in one day fuels bullish talk

The NFT market merely illuminated, with renewed spotlights who needed to drive a revenue whereas buyers accumulate to feed the largest rally in months.

On July 21, 2025, the NFT market had a substantial revival, with its complete market capitalization jump Greater than 22% in a single day, rose from $ 5.1 billion to round $ 6.4 billion. Blue chip collections corresponding to cryptopunks, pudgy penguins and moonbirds led the load and created a wave of renewed curiosity within the digital collective objects.

Cryptopunks noticed its ground value golf Virtually 16% to 47.5 ETH, or about $ 179,000, whereas a number of new consumers picked up items from the enduring assortment. Pudgy Penguins was not far behind and climbed 15% to a ground of 16.75 ETH, round $ 63,500.

Different high performers got here with even bigger earnings, together with Moonbirds and Lil Pudgys, which implies that a pointy 34% and 17% jumped to 1.94 ETH and 1.78 ETH respectively.

The mixed peak in exercise despatched NFT commerce volumes to a spotlight of six months. Each day commerce rose 344% to $ 42.7 million, indicating that the momentum returns to the sector after a protracted interval of sluggish motion.

What drives the NFT market?

An necessary driver is the return of whale exercise. Blockchain Tracker Lookonchain marked a newly created Walvisporteian who spent 2,082 ETH (roughly $ 5.7 million) to accumulate 45 cryptopunks inside a number of hours. This massive -scale sweep despatched the carpet climbing of the gathering and brought about broader market pleasure.

The NFT Rally additionally connects within the wider crypto -erlaplase development. Ethereum (ETH) acts greater than $ 3,800 and touches multi-month heights after a hard and fast weeks of climb. Bitcoin (BTC) is above $ 119,000 and leads the bullish sentiment about digital belongings.

Market guards are already calling ‘NFT season’. Following wider market sentiment, x consumer Chris Taylor described The rise at first of an incoming “NFT Bull Market”. Blockworks co-founder Jason Yanowitz added“NFTs transfer as if there are NFT Treasury autos on the horizon,” pointing to the continual development of reserve methods that Bitcoin and Ethereum drive to new highlights.

Regardless of the rebound, the broader NFT market stays removed from its peak. Information from Cryptoslam to show Energetic NFT consumers nonetheless fall by 52%, whereas the worldwide transactions have fallen 11.6%. Whether or not this rally marks the start of a everlasting comeback or only a short-term peak remains to be to be seen.