On July 21, on-chain data recorded a large-scale transaction from an anonymous "whale" - a term commonly used to refer to investors who own massive digital asset holdings.
Specifically, this whale spent millions of US dollars to simultaneously purchase 45 Non-Fungible Tokens from the CryptoPunk collection on the previous Sunday. CryptoPunk is one of the oldest and most valuable NFT collections in the market, considered a cultural icon of the NFT wave. With the current floor price of around 175,000 USD per Non-Fungible Token, the total transaction value is estimated to be over 7.8 million USD.
Notably, the Non-Fungible Token trading volume on the Ethereum network surged in the past week, reaching 75 million USD - significantly higher than the previous two weeks. Meanwhile, the Non-Fungible Token market on the Bitcoin platform also witnessed strong growth, with trading volume increasing from 11 million USD to 25.6 million USD during the same period. In contrast to this trend, the Non-Fungible Token trading volume on the Polygon network showed a slight decline.
These developments indicate a significant recovery in the Non-Fungible Token market, especially on major blockchains like Ethereum and Bitcoin, after a long period of stagnation.
