NFTs are showing major signs of life again š
@cryptopunksnfts jumped 16% overnight, with a single whale dropping over $8 million to sweep 45 pieces.
@BoredApeYC jumped more than 21% after @CryptoGarga posted about NFT treasury companies.
@pudgypenguins surged 15% as 100 new holders piled in.
Overall, NFT market cap rose 29.3% above $6.9 billion, with daily sales volume tripling to $38 million.
The rally is being fueled by a broader crypto resurgenceāETH is pushing toward $4Kāand renewed risk appetite. But itās more than just vibes.
There are rumors of NFT treasury vehicles on the horizon, prompting high-conviction collectors to re-enter legacy collections before institutional capital does.
This isnāt a new mint meta. Itās a flight to quality. And for the first time in a long time, blue-chip NFTs are leading the charge.
Are we so back?
