Ethereum’s 10-Year Anniversary Sparks NFT Market Revival with CryptoPunks and Moonbirds Leading the Charge

As ethereum celebrates its 10-year anniversary, the NFT market is showing strong signs of revival, with CryptoPunks and Moonbirds at the forefront. CryptoPunks' floor price has surged by 8% to 53.85 ETH, highlighted by a notable $1.3 million purchase of six CryptoPunks during Asian trading hours, signaling renewed institutional interest. Meanwhile, Moonbirds NFTs continue to impress with floor prices maintaining 300% monthly gains despite a 20% intraday pullback. This resurgence underscores the enduring appeal of digital assets and the growing confidence in the NFT market as Ethereum marks a decade of innovation.

CryptoPunks and Moonbirds Signal NFT Market Revival as Ethereum Anniversary Looms

The NFT market shows signs of resurgence as CryptoPunks' floor price jumps 8% to 53.85 ETH, coinciding with Ethereum's 10-year anniversary celebrations. A notable $1.3 million purchase of six CryptoPunks during Asian trading hours underscores renewed institutional interest.

Moonbirds NFTs demonstrate even more dramatic movements, with floor prices maintaining 300% monthly gains despite a 20% intraday pullback as traders take profits. "Moonbirds could be making one of the biggest NFT comebacks," observes Sennin, a financial analyst specializing in digital collectibles.

The market revival follows Ethereum's symbolic NFT Torch campaign, which has reignited speculation about another NFT bull cycle. Trading activity concentrates on Ethereum-based bluechip collections, though volatility remains elevated as traders weigh whether this marks sustainable demand or short-term speculation.

Ethereum's Strategic Accumulation Signals Strong Market Conviction Beyond $4K

Ethereum's market dynamics reveal a compelling narrative of strategic accumulation rather than speculative frenzy. With 1 million ETH withdrawn from exchanges in July and Open Interest soaring to a record $60 billion, institutional and large-scale investor activity is evident. The cryptocurrency posted over 50% monthly returns—its strongest performance since 2022—while maintaining stability just 3.4% below the $4,000 threshold.

Supply-side metrics underscore the bullish thesis: 98% of ETH holders are now in profit, surpassing the 97% level that historically triggered distribution phases. Despite realized profits hitting $1.25 billion NEAR the $4,007 cycle peak, the absence of panic selling suggests entrenched demand. Exchange reserves further corroborate the trend, dropping from 20 million to 19 million ETH this month—a tangible tightening of available supply.

CryptoPunks NFTs Surge with $24.6M Weekly Volume Amid Corporate Interest

CryptoPunks, the iconic Ethereum-based NFT collection, has re-emerged as the market leader with $24.6 million in weekly trading volume—a 416% weekly increase. The surge marks its highest activity since March, propelled by a 566% jump in transactions and a 200% rise in buyers. Average sale prices climbed to $182,000, while the floor price ROSE to 53.85 ETH, up 4.6%.

The rally follows GameSquare's acquisition of Punk #5577, a rare 'Ape Punk,' for $5.15 million in stock. The deal underscores growing institutional appetite for blue-chip NFTs, reigniting speculative interest in the sector. CryptoPunks now dominates daily sales rankings, outpacing rivals like Polygon-based Courtyard by nearly sixfold.

Ethereum ETFs Outpace Network Issuance with 7x ETH Purchases on Slow Day

Spot Ethereum exchange-traded funds (ETFs) in the U.S. absorbed seven times more ETH than the network produced on Monday, signaling sustained institutional demand despite subdued inflows. The funds collectively purchased 17,549 ETH ($65.2 million) against a daily issuance of just 2,571 ETH ($9.7 million). "Even on slow days, the ETH ETFs are gobbling up all of the supply," remarked Anthony Sassano, a prominent industry educator.

BlackRock's iShares Ethereum Trust (ETHA) led with $132 million inflows, partially offset by Fidelity's FETH fund shedding $49.2 million. Notably, ETHA ranked as the 17th most-traded ETF overall—a first for any crypto fund. The products have now seen 17 consecutive days of inflows totaling $5.2 billion, with $3.8 billion arriving in the past ten trading days alone.

Ethereum Nears Critical 4-Year Resistance Breakout Amid Bullish Market Sentiment

Ethereum's price action is drawing intense scrutiny as it approaches a pivotal resistance level that has capped gains for four years. The $3,800-$4,000 zone now serves as a make-or-break threshold, with analysts eyeing a potential breakout that could propel ETH toward its 2021 all-time high of $4,800.

Crypto analyst MMCrypto highlights the significance of this technical battleground, noting Ethereum's repeated rejections at this trendline since its 2021 peak. The current retest comes amid a broader crypto rally, with Bitcoin already notching record highs—a divergence that makes ETH's performance particularly consequential for altcoin markets.

Market structure suggests growing accumulation below resistance, with traders anticipating a decisive move. A successful breakout could trigger algorithmic buying and open a path to the psychologically important $5,000 level, while another rejection might prolong Ethereum's consolidation phase.

Blubird Partners with Layer-2 Solution Soneium to Expand Web3 Capabilities

Blubird, a Web3 project focused on bridging traditional businesses into decentralized ecosystems, has forged a strategic alliance with Soneium, an Ethereum Layer-2 scaling solution developed by Sony Block Solutions Labs. The collaboration integrates Blubird's network with Soneium's mainnet, unlocking advanced Web3 functionalities for users.

The partnership enables Blubird's mobile and browser-based app users to access Soneium's network infrastructure, broadening their exposure to decentralized applications and asset management tools. This integration marks a significant step in lowering barriers to Web3 adoption for enterprise users.

Soneium's Layer-2 technology brings Ethereum scalability to Blubird's ecosystem, potentially accelerating transaction throughput while reducing gas fees. The alliance underscores growing institutional interest in blockchain infrastructure that balances decentralization with commercial viability.