Ethereum NFT Market Thrives as Courtyard and Pudgy Penguins Drive Record Sales

The NFT market has shown remarkable activity, with Courtyard and Pudgy Penguins leading the charge in sales. On August 4, 2025, Courtyard emerged as the most traded collection, amassing $2.25 million in sales across 27,450 transactions. This surge underscores the growing retail participation, particularly at lower price points. Pudgy Penguins followed closely, generating $1.67 million from just 28 high-value sales, highlighting the continued demand for premium NFTs. CryptoPunks also maintained their strong presence in the market. These developments reflect the vibrant and evolving landscape of Ethereum-based NFTs, attracting both retail and high-net-worth investors. The robust trading activity signals a bullish outlook for the NFT sector, with ethereum remaining at the forefront of this digital asset revolution.

NFT Market Sees Robust Activity with Courtyard and Pudgy Penguins Leading Sales

The NFT market witnessed significant trading activity on August 4, 2025, with Courtyard emerging as the most traded collection, recording $2.25 million in sales across 27,450 transactions. This surge highlights growing retail participation, particularly at lower price points.

Pudgy Penguins followed as the second-highest volume driver, generating $1.67 million from just 28 high-value sales. CryptoPunks maintained its blue-chip status with six sales totaling $1.09 million, while Lil Pudgys—a derivative of the Pudgy Penguins ecosystem—saw 78 sales worth $437,620, underscoring the project's vitality.

Moonbirds and Mutant APE Yacht Club rounded out the top performers, with $407,370 and $334,760 in sales volume respectively. The data reflects a maturing market where established collections coexist with emerging projects, though liquidity remains concentrated in select blue-chip assets.

BitMine Immersion’s $2.9B ETH Haul Tops 5% of Supply – But Can the Run Last?

BitMine Immersion Technologies has emerged as the largest corporate holder of ETH, amassing 833,137 ETH worth over $2.9 billion by August 3. The haul represents roughly 5% of Ethereum’s circulating supply, a milestone achieved in just 35 days.

The company’s aggressive accumulation strategy, launched on June 30, has vaulted it past other institutional players, trailing only MicroStrategy and Marathon Blockchain in total crypto treasury size. Thomas Lee, BitMine’s chairman, emphasized the speed and intent behind the move: "We’ve separated ourselves from crypto treasury peers not just by scale but by execution."

Priced at $3,491.86 per ETH, the holdings underscore growing institutional confidence in Ethereum’s long-term value. The announcement coincided with Bill Miller III disclosing a major stake in BitMine, further validating the firm’s strategic positioning.

Whales Accumulate $2B in ETH Amid ETF Speculation and Short Squeeze

Ethereum whales have aggressively accumulated over $2 billion worth of ETH in recent days, capitalizing on growing ETF demand and market volatility. Two unidentified addresses received 43,000 ETH ($153M), while SharpLink Gaming added 18,860 ETH ($66.6M) to its treasury—bringing its 48-hour total to 30,755 ETH ($106M).

The Ether Reserve LLC purchased 10,600 ETH ($40M) at $3,781 per token. Blockchain analytics reveal a new wallet (0x86F911dEb6bB8CA) received 24,294 ETH ($86.5M) from FalconX, while another (0x40e912d100999b) obtained 18,675 ETH ($67M) from Digital Galaxy at $3,595 per ETH.

Institutional activity surged with a $50M OTC purchase and a separate whale stacking $300M in ETH over three days. Arkham Intelligence tracked nine fresh wallets amassing 628,600 ETH ($2B+), including a $274M three-day accumulation and a $58.5M transaction on August 2.

BitMine Expands Ethereum Treasury to 833,000 ETH as ARK Invest and Bill Miller Take Positions

BitMine Immersion Technologies has aggressively expanded its Ethereum holdings, amassing 833,137 ETH—a stash now valued at over $3 billion. The milestone cements its position as the largest publicly-traded ETH treasury vehicle, outpacing rivals SharpLink and The Ether Machine.

The rapid accumulation follows BitMine's $250 million private placement closure in early July and a subsequent $1 billion stock buyback program. Fundstrat's Thomas Lee highlighted the "lightning speed" of the firm's growth, referencing its ambitious "alchemy of 5%" strategy to corner a significant share of ETH's circulating supply.

Notably, institutional heavyweights ARK Invest and value investing legend Bill Miller have acquired stakes in BitMine, signaling confidence in its crypto treasury model. The broader ETH treasury sector now collectively holds nearly 2 million ETH, reflecting growing institutional appetite for Ethereum exposure.

Ethereum Price Could Surge to $9,000 Following Technical Breakout, Analyst Predicts

Ethereum's price action is drawing significant attention as it retests a critical technical pattern. Crypto analyst Gert van Lagen identifies a completed Descending Broadening Wedge formation on weekly charts, with ETH now testing the upper boundary as potential support. This setup historically precedes major bullish moves.

The $9,000 target WOULD represent a new all-time high for the leading altcoin, nearly triple its previous peak. Market participants are watching the retest phase closely, as sustained momentum above the wedge resistance could confirm the breakout thesis. Technical traders view this development as particularly significant given Ethereum's established position as the dominant smart contract platform.

Ethereum Holds Steady Above $3,600 as Analysts Predict New All-Time High

Ethereum's price stabilization above $3,600 has reignited bullish sentiment among analysts, with some forecasting a new all-time high before the end of 2025. The cryptocurrency has surged 50% in the past month, fueled by inflows into Ether ETFs and significant whale activity. Benjamin Cowen, a prominent crypto analyst, predicts ETH could reach $7,500 by December, citing the formation of a higher macro low as a key technical indicator.

Whale movements have added volatility to the market, with Arthur Hayes selling $8.3 million worth of ETH and SharpLink acquiring $100 million of the asset. These contrasting actions reflect divided opinions on short-term price trajectories, even as the broader market remains optimistic.

The Ethereum ecosystem continues to demonstrate strength, with institutional interest growing through ETF products and sustained developer activity. Market observers are watching for potential catalysts that could propel ETH beyond its previous peak of $4,891, recorded in November 2021.