NFT Mania Resurges: $1 Billion Floods the Sector in Just 24 Hours
NFTs are back with a vengeance—and this time, they're bringing a billion-dollar bang.
After months of dormancy, the non-fungible token market just racked up a jaw-dropping $1 billion in daily inflows. Is this the start of another speculative frenzy—or just another 'buy the rumor' pump before the inevitable dump?
Pundits who declared NFTs dead are scrambling to explain the sudden surge. Meanwhile, crypto degens are already aping into JPEGs like it's 2021 again—because nothing teaches financial discipline like watching a Bored Ape derivative rug pull for the third time.
One thing's clear: when liquidity sloshes back into crypto, it always finds the shiniest (and most absurd) buckets first. Will this rally stick? Probably not. But in Web3, irrational exuberance pays better than rational skepticism—until it doesn't.
NFT Culture Revival?
The CryptoPunks collection was leading the charge with a 16% spike in floor price to 47.5 ETH, or around $179,000. According to CryptoSlam, the collection has seen more than $14 million in sales over the past 24 hours.
The second most popular NFT collection is Pudgy Penguins, which has seen a 15% spike in floor prices to 16.6 ETH, $5.7 million in daily volume, and $3.2 million in daily sales.
Other Ethereum-based NFTs, such as Infinex Patrons and Bored APE Yacht Club, saw more than 9% increases in their floor prices and market caps.
Meanwhile, YOU THE REAL MVP, a private group of 420 Memeland NFTs, surged a whopping 1,280% with floor prices pumping to 69 ETH.
“NFTs are moving like there are NFT treasury vehicles on the horizon,” commented Blockworks co-founder Jason Yanowitz.
The resurgence could be correlated with Ethereum’s recent price pumps, suggested some collectors and experts.
Chairman of Animoca Brands Yat Siu observed that the last time ETH peaked in late 2021 was also “NFT season.” “If NFTs on ETH roar back, we will reach new ATH beyond the pure financial plays,” he added.
“NFTs are the backbone of the ethereum cultural economy, much more than just financial, it’s about culture, status, and ultimately belonging.”
1/ It is more than appropriate that the torch is an NFT the ATH of @ethereum was in November 2021 when it peaked around $4600-4800 which was NFT season. If NFTs on ETH roar back we will reach new ATH beyond the pure financial plays here’s why https://t.co/HjVQ7lTSBA
— Yat Siu (@ysiu) July 21, 2025
Ethereum On A Rip
Ethereum prices have been on a tear lately, which is good news for NFTs priced in ETH. The asset has cranked 55% over the past month, waking up from months of slumber as corporate treasuries and institutional investment funds have been loading up.
ETH tapped its highest price since mid-December this weekend, reaching $3,814 before retreating slightly on Monday morning.
