NFT Market Roars Back With 29% Daily Surge as CryptoPunks, Penguins Lead Rebound

After years of dormancy, the NFT market is showing fresh signs of revival, with trading volumes and floor prices for top collections surging in the past 24 hours. The renewed momentum comes after a prolonged slump that had seen monthly sales stagnate around $400 million.

Leading the rally, CryptoPunks saw its floor price jump 17% to 47.75 ETH (approximately $183,000), with over 140 tokens changing hands—marking the collection’s highest daily volume in 2025. Pudgy Penguins, buoyed by Coinbase’s recent switch to a penguin-themed avatar on X, climbed 12% to 16 ETH, according to data from NFTPriceFloor.

Infinex Patrons soared 26% to 1.4 ETH, while legacy collections like Bored Ape Yacht Club and Chromie Squiggles posted strong double-digit gains of 20% and 34%, respectively.

The broader market followed suit. NFT market capitalization jumped 29% in a single day to reach $6.82 billion, according to CoinGecko. Daily sales volume surged to $50.4 million—far surpassing the year’s previous highs and signaling renewed market engagement.

This spike marks a notable shift from earlier this year, when sales were flatlining and once-dominant platforms like X2Y2 were shutting down amid a 90% drop in trading activity. Many marketplaces had shifted focus, with Magic Eden acquiring token-trading platform Slingshot in April and OpenSea absorbing Rally as part of a broader strategic pivot.

While it’s too early to call a full-scale NFT bull market, the latest surge reflects growing optimism that the digital collectibles sector may be turning a corner after a multi-year downturn.