NFT Sales Surge as Floor Prices Climb, CryptoPunks Lead the Market

Non-fungible tokens (NFTs) are experiencing a sharp uptick in sales and trading volume as the broader cryptocurrency market enters a bullish phase. Daily sales volumes have reached their highest levels in over seven months, fueled by increased activity across top NFT collections.

NFT Sales Hit $40.4 Million in 24 Hours

According to data from CryptoSlam, NFT sales jumped 28% in the past 24 hours to $40.4 million, marking the highest trading volume since April. The surge has been accompanied by a 7% rise in unique buyers, reaching 41,000, while sellers remain near 30,000 addresses.

Ethereum Dominates NFT Activity

Ethereum led the charge with $26.4 million in daily sales, followed by Bitcoin at $6.3 million and Solana at $2.5 million. The three networks collectively accounted for the majority of NFT transactions during this bullish period.

Top Collections in Focus

• CryptoPunks

Despite a 4% dip, CryptoPunks maintained their dominance, leading daily sales with $5.6 million. The collection's floor price climbed to $162,000, and its market cap exceeded $1.6 billion.

• Bored Ape Yacht Club (BAYC)

BAYC registered a 15% increase in 24-hour trading volume, reaching $3.2 million. The collection’s floor price rose to $85,900, further cementing its position as one of the most valuable NFT projects.

• Pudgy Penguins

Pudgy Penguins also saw growth, with its floor price rising to $54,500.

Cardano Records Most Expensive NFT Sale

Cardano made headlines with the sale of an 8-bit Zombie #0388 collectible for over $388,000, the most expensive NFT sale of the day. The Cardano network processed $594,000 in total sales over 24 hours, with 266 buyers and 28 sellers contributing to the activity.

Weekly and Market-Wide Trends

Last week, NFT sales volume reached $146.5 million, reflecting a sustained recovery in the market. The broader cryptocurrency market also surged, with the global crypto market cap hitting an all-time high of $3.628 trillion following the U.S. elections. Donald Trump’s victory over Kamala Harris has been credited with sparking optimism across the crypto sector.

Conclusion

The resurgence in NFT sales and floor prices highlights growing investor confidence and renewed interest in digital collectibles. With top collections like CryptoPunks and BAYC leading the charge, the NFT market is poised for further growth as the crypto market continues its bullish trajectory.