NFT reserve company? Market volume grew threefold to a record high, with Large Investors purchasing millions of dollars worth of CryptoPunks.

The NFT market has been dull for a long time, but it has recently stirred up waves again. Data shows that the overall NFT volume last week surpassed 140 million USD, setting a new high since the beginning of this year. Among them, Ethereum performed the most impressively. At the same time, the legendary NFT project CryptoPunks saw Large Investors sweep up millions of dollars, sparking heated discussions in the market. Is this wave of recovery a short-term Rebound, or a sign of a new round of NFT bull run?

NFT market volume hits a six-month high, with Ethereum being the most active.

After several months of sluggishness, the NFT market has welcomed a long-awaited highlight moment. Data from The Block shows that the total NFT volume on the blockchain reached $143.5 million in the past week, returning to the levels seen in January of this year.

Among them, Ethereum's weekly trading volume of 75 million USD ranks first, with a market share of over half. Compared to the performance of only 18.3 million USD two weeks ago, it has surged by over 300%. At the same time, Bitcoin NFTs have increased from 11 million to 25.6 million, showing a rebound trend.

From the data of NFTGO, it is clear that the overall market has shown a significant increase in floor price, 24-hour volume, and transaction volume, with projects such as CryptoPunks, Squiggle, and Moonbirds performing the best.

ETH surges driving the NFT market to rebound, Large Investors in CryptoPunks are buying up.

The rebound of the NFT market is closely related to the recent rise in ETH prices. Since the beginning of July, the price of Ether has increased by nearly 50%. The price recovery has also prompted the NFT market to become active again. Yesterday, a new wallet of a large investor bought 45 CryptoPunks in a short period, spending 2,082 Ether, approximately 5.87 million dollars.

( The Endpoint of Art: Legendary NFT CryptoPunks Transferred to NODE Foundation )

This move not only pushed the floor price of CryptoPunks to 46 ETH (, about 175,000 USD ), but also sparked market attention, triggering individuals such as Garga.eth, co-founder of Yuga Labs, the parent company of Bored Ape ( BAYC ), and Yano, co-founder of Blockworks, to start following recent hot topics and hype around news related to NFT reserve companies.

the world isn’t ready for NFT treasury companies but they are coming anyway pic.twitter.com/8JlaZBoQSR

— Garga.eth (Greg Solano) (@CryptoGarga) July 20, 2025

Blue chips regain stability: Yuga Labs strategic reshaping, PENGU actively marketing IP

The changes in the NFT space are not only reflected in the data; large blue-chip projects are also undergoing strategic adjustments. Bored Ape (BAYC)'s parent company Yuga Labs recently sold the IP ownership of its projects such as Moonbirds, Meebits, and CryptoPunks, shifting focus to the development of its own metaverse platform Otherside, symbolizing a reallocation of resources.

(Yuga Labs Auction: Moonbirds Resale Game New Creation, Refocusing on BAYC and Otherside)

On the other hand, the recently popular Pudgy Penguins has not only put in significant effort in marketing exposure, but its official token PENGU has also submitted an ETF application to the SEC through Canary Capital. If approved, it will become one of the first fund products directly linked to the NFT ecosystem.

( Fat Penguin becomes a crypto company that loves avatars, VanEck explains why it's not BAYC: Not discussing Web3 becomes the key )

Is the bubble rebound the starting point of a new NFT cycle?

Although the NFT market's trading volume has shown a sluggish trend of -50.9% over the past year, recent signals such as the outflow of ETH funds, data recovery, and projects readjusting their strategies indeed hold the potential for a market revival. Whether this rebound is a short-term hot money effect or a new starting point for an NFT bull run is also worth continued attention.

This article is about NFT reserve companies? The market volume has tripled to a record high, and large investors are spending millions of dollars to sweep up CryptoPunks, which first appeared in Chain News ABMedia.