Recent interest in the non-fungible token (NFT) market has surged amid significant price increases for major collections such as CryptoPunks and Pudgy Penguins.
Sharp Price Increase for CryptoPunks and Pudgy Penguins
According to CoinGecko, the CryptoPunks collection, which has the largest market capitalization, saw a 15.9% price increase within a day, rising from 40.9 ETH to 47.50 ETH (over $179,000). On the same day, 83 NFTs were acquired by new holders. The Pudgy Penguins collection, second in market cap, also jumped 15% to 16.60 ETH ($62,597), attracting 100 new holders. The Infinex Patrons collection, which grants its holders voting rights within the Infinex protocol, rose by 9.4% to 1.4 ETH ($5241).
Broader NFT Market Growth
The overall NFT market has also shown significant growth: its capitalization increased by 21.2% in the last 24 hours, reaching over $6.34 billion, while the sales volume hit $38.7 million, up 303% compared to previous periods. It's noteworthy that just in April 2025, NFT volumes plummeted by 61% to $1.5 billion, driven by volatility and rising token prices.
NFT Market Comeback Prospects
The current market situation has sparked discussion among the NFT community, with some suggesting that the price surge may indicate a resurgence in interest and value after years of decline. A user on platform X remarked that the rise could be a signal of the market returning after its slump from the peaks of 2021. Experts also theorize that new growth could arise through real-world assets that might serve as catalysts for NFT market recovery.
The NFT market is showing signs of revival with sharp price increases in key collections and an overall rise in capitalization. This could mark the beginning of a new era for non-fungible tokens following a prolonged downturn.
