NFT Season Roars Back: 22% Single-Day Surge Sparks Bullish Frenzy
Pixels pumping, wallets waking—NFTs just mooned harder than a degen's first leverage play.
The Numbers Don't Lie
A 22% vertical climb in 24 hours has collectors dusting off their MetaMask wallets. Floor prices are twitching like a meme stock after Elon tweets.
Bullish or Bull$#!%?
Traders are frontrunning the 'NFT Summer 2.0' narrative—though let's see how long this lasts before the next 'rug pull' Google search spike. (Wall Street analysts remain confused, still trying to tokenize their PowerPoint slides.)
One thing's clear: When JPEGs outpace your 401(k), maybe it's time to rethink traditional finance.
What’s driving the NFT market surge?
One key driver is the return of whale activity. Blockchain tracker Lookonchain flagged a newly created whale wallet that spent 2,082 ETH (around $5.7 million) to acquire 45 CryptoPunks within hours. This large-scale sweep sent the collection’s floor price climbing and triggered broader market excitement.
A whale created a new wallet(0x1bb3) and spent 2,082 $ETH($5.87M) to buy 45 CryptoPunk NFTs 4 hours ago.https://t.co/mVu8wrKhT7 pic.twitter.com/pfH4j5lYKI
— Lookonchain (@lookonchain) July 21, 2025The NFT rally also ties into the wider crypto uptrend. ethereum (ETH) is trading over $3,800, hitting multi-month highs after a steady weeks-long climb. Bitcoin (BTC) is holding above $119,000, leading the bullish sentiment across digital assets.
Market watchers are already calling “NFT season.” Echoing broader market sentiment, X user Chris Taylor described the surge as the start of an incoming “NFT bull market.” Blockworks co-founder Jason Yanowitz added, “NFTs are moving like there are NFT treasury vehicles on the horizon,” pointing to the ongoing trend of reserve strategies driving Bitcoin and Ethereum to new highs.
Despite the rebound, the broader NFT market remains far from its peak. Data from CryptoSlam shows active NFT buyers are still down 52%, while global transactions have dropped 11.6%. Whether this rally marks the start of a lasting comeback or just a temporary spike remains to be seen.
