NFTs Explode: From Bored Apes to CryptoPunks, Buyer Count Triples in Stunning Comeback
NFTs are back—and this time, they brought an army. The market's dead-cat bounce just turned into a full-blown resurgence, with collector numbers skyrocketing 300% overnight. Forget 'are we in a bull market?'—degenerates are already minting meme JPEGs on gas-fee-friendly L2s.
Punks, Apes, and the New Wave
The OGs still dominate headlines, but don't sleep on genAI-generated abominations clogging up Magic Eden. Blue-chip collections now trade like penny stocks—if penny stocks had 10% royalty burns and Discord-based governance.
VCs Hate This One Trick
Retail investors are bypassing traditional art markets entirely, turning NFT platforms into the world's most chaotic Sotheby's. Meanwhile, hedge funds quietly stack Pudgy Penguin derivatives—because nothing screams 'institutional adoption' like cartoon birds with diamond-encrusted life jackets.
Closing Thought: In a world where a .gif of a smoking frog outsells Picasso sketches, maybe the real art was the financial recklessness we embraced along the way.
Ethereum wash trading jumps
Ethereum has strengthened its leading position with $105.4 million in sales and jumped by 85% from the previous week.
Ethereum’s wash trading has also surged by 353.99% to $30.1 million.
BNB (BNB) Chain has climbed to second place with $18.1 million, rising 33.48%. Polygon (POL) has fallen to third position with $11.5 million, declining 35.51%.
Despite this drop, Polygon’s wash trading has surged by 605.87% to $46,605.
Mythos Chain maintains fourth place with $9.3 million, down 3.52%. solana (SOL) holds fifth with $8.9 million, up 10.14%.
Immutable (IMX) has climbed to sixth place with $8 million, representing a 30.62% increase. bitcoin has dropped to seventh place, with $4.4 million, a 69.33% decline.
The buyer count has increased across most blockchains, with Polygon leading at 885% growth, followed by Bitcoin at 712.30% and Immutable at 546.26%.
Bored Ape Yacht Club sales jump 500%
CryptoPunks has reclaimed the top spot in collection rankings with $21 million in sales, surging 90.95%. The collection has seen growth in transactions (121.05%) while maintaining stable buyer and seller counts.
Bored APE Yacht Club has jumped to second place with $15.6 million, jumping by almost 500%. The collection has more than doubled its transactions (161.40%) and seen growth in both buyers (22.41%) and sellers (20%).
The Courtyard on Polygon has fallen to third place with $10.3 million, a decline of 35.22%. The collection has seen substantial drop in buyers (67.81%) and sellers (48.80%).
SpinNFTBox on BNB Chain holds the fourth position with $7.2 million, representing a 56.17% increase. Pudgy Penguins sits in fifth with $6.3 million, up 31.51%.
Notable high-value sales from this week include:
- Bored Ape Yacht Club #4795 sold for 200 ETH ($909,183)
- Bored Ape Yacht Club #2337 sold for 140 ETH ($634,809)
- Bored Ape Yacht Club #9670 sold for 140 ETH ($633,982)
- Bored Ape Yacht Club #7706 sold for 140 ETH ($633,982)
- Bored Ape Yacht Club #9670 sold for 100 ETH ($453,435)