The total market value of NFT has exceeded 6 billion USD, and CryptoPunks has regained attention.

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[Chain News] On July 21, CoinGecko data shows that the total market capitalization of the global NFT market has risen to $6.04 billion, increasing by 16.9% in the past 24 hours, reaching its highest level since early February. Additionally, data from CryptoSlam shows that global NFT sales surged by 154% in the past 24 hours, reaching $41.4 million. Notably, it has been disclosed that a Whale spent over 2,080 ETH today to purchase 45 CryptoPunks NFTs. In the past 24 hours, the Floor Price of CryptoPunks has risen by 15.9%, reaching 47.5 NFTs.

Nick Ruck, director of LVRG Research, stated that during Bitcoin's consolidation, altcoins like Ethereum and the NFT market gained momentum due to an overall rise and a recovery in risk appetite. Traders have rekindled interest in mainstream NFT projects like CryptoPunks, believing their prices are undervalued and that a second wave of market activity may be on the horizon, with this bull market potentially exceeding last year's short-term rebound. However, Vincent Liu, Chief Investment Officer of Kronos Research, believes that the long-term demand for NFTs depends on wallet activity.

ETH-3.11%
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MetaverseVagabondvip
· 07-23 11:55
Has the bull run arrived? A little betting is just for fun.
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MetaNeighborvip
· 07-23 11:34
Can't play punk or still can't play punk
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FloorSweepervip
· 07-21 06:24
paper hands fomo'ing back in... typical bottom signal tbh
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staking_grampsvip
· 07-21 06:22
Why is there a bull run again? The market is so explosive.
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AirdropSkepticvip
· 07-21 06:16
What the hell is this market doing?
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BlockchainBouncervip
· 07-21 06:15
punks bull wow To da moon
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BlindBoxVictimvip
· 07-21 05:59
Bull is bull... continue to be trapped suckers passing by.
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