A recent substantial purchase of 45 CryptoPunks NFTs by an anonymous investor has contributed to the NFT market cap exceeding $6 billion, reflecting growing investor interest.
Purchase Driving NFT Market Growth
An anonymous investor acquired 45 CryptoPunks NFTs on the OpenSea platform for over 2,080 ETH, equivalent to about $7.8 million. This transaction contributed to a 21% increase in the NFT market cap, reaching $6.3 billion.
Expert Insights on the Role of NFTs
Vincent Liu, Investment Director at Kronos Research, highlighted that this transaction underscores the strength of blue-chip NFTs. The transaction was facilitated via a wallet addressed as 0x1bb3, holding over $6.5 million in NFT assets.
> "This whale buying signals the strength of blue-chip NFTs and the growing appetite among large investors." — Vincent Liu, Investment Director, Kronos Research
Impact on Ethereum and Solana Markets
This event significantly impacted key Ethereum-based NFTs, as CryptoPunks prices soared and other popular collections saw gains. Consequently, ETH prices reached $3,800, the highest since 2025, while SOL climbed to $190.
This incident serves as a testament to the continuing shifts in the NFT market, where significant purchases can act as a catalyst for increased trading volumes and investor activity.
