Rare Punk Sells For $2.1M – Is The NFT Market Rebounding?

The non-fungible token market seems to rebound after struggling a brutal comedown up to now a number of weeks. Previously 24 hours, the worldwide NFT market has raised a buying and selling gross sales quantity of $16 million, up 11,28% from the previous day. The NFT market started showcasing potential indicators of rebounding over the weekend after a uncommon cryptopunk non-fungible token bought for 1,011 ETH or equal to over $2.196 million.

Punk 4464 purchased for 1,011 ETH ($2,183,749.88 USD) by 0x8a77b7 from 0x561786. https://t.co/xqtkT3BeER #cryptopunks #ethereum pic.twitter.com/okShZhcSlJ

— CryptoPunks Bot (@cryptopunksbot) March 1, 2025

Each day NFT Gross sales Quantity Pump +10%

Knowledge gathered by Cryptoslam.io, a multi-chain crypto market knowledge aggregator and a non-fungible token assortment explorer, signifies that the worldwide non-fungible token market has grown positively in the present day. Previously 24 hours, the worldwide NFT market has amassed a buying and selling gross sales quantity of $16 million. Throughout this era, the NFT buying and selling gross sales quantity has surged by over 10% from the previous day.

Ethereum, the blockchain community famend within the NFT marketplace for powering most NFTs, is the top-traded blockchain community. Previously 24 hours, the Ethereum-based NFT collections have amassed a buying and selling gross sales quantity of $6 million. Throughout this time, the Ethereum NFT buying and selling gross sales quantity has surged by 3.35% from the previous day. Mythos Chain follows Ethereum intently, elevating a buying and selling gross sales quantity of $2.3 million.

Solana, a decentralized blockchain community famend for internet hosting a wide range of good contracts for non-fungible token collections, is in the present day’s third most-traded blockchain community within the NFT market in February. Previously 24 hours, the Solana-based NFT collections have recorded a buying and selling gross sales quantity of $2.1 million. Throughout this time, the Solana NFT buying and selling gross sales quantity surged 36% from the day past. These optimistic positive factors counsel that the NFT market is regaining a foothold.

Is The NFT Market Rebounding?

On March 1, 2025, a uncommon CryptoPunk non-fungible token #4464 bought for 1,011 ether (ETH), or roughly $2.2 million. Punks #4464 is a non-fungible token beforehand from the digital asset agency Larva Labs however is now managed by the Bored Ape Yacht Membership and Mutant Ape Yacht Membership creator Yuga Labs. The current Punk #4464 sale has raised eyebrows among the many NFT neighborhood as it’s the newest main sale for the reason that begin of the current bear season.

The Punk #4464 sale wasn’t the one notable second over the weekend. CryptoPunk #3900 obtained a $15 million bid a couple of hours after CryptoPunk #4464’s bid was accepted. Notably, the bid for CryptoPunk #3900 had not been accepted as of press time. These buzzy bids come amid a brief bear market that has left every day NFT buying and selling gross sales quantity beneath $20 million. These notable buying and selling gross sales imply that the NFT bear market has most likely ended.

Punk 3900 has a brand new bid of 6,969.69 ETH ($15,360,151.99 USD) positioned by 0xe62ae5. https://t.co/0ijwzztm9x #cryptopunks #ethereum pic.twitter.com/7TLU4KtJG8

— CryptoPunks Bot (@cryptopunksbot) March 1, 2025

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