Ethereum's 10th anniversary ignites the NFT market? The big pump in the Floor Price of CryptoPunks and Moonbirds raises speculation about the return of the NFT season.

As the 10th anniversary of Ethereum approaches and the NFT torch relay begins, the floor prices of several blue-chip NFT projects have soared significantly. CryptoPunks rose nearly 8% in 24 hours, Moonbirds saw a monthly increase of over 300%, and CloneX is also experiencing a rebound. The market is hotly discussing whether the NFT season is returning, but short-term selling pressure and skepticism remain, and investors need to be wary of the fluctuation risks in the NFT market.

[Blue-chip projects lead the rise, signals of NFT market recovery emerge] Recently, the Floor Prices of several top NFT projects have seen significant rises, sparking widespread speculation in the market about a potential resurgence of the NFT craze. This round of market activity coincides with the upcoming 10th anniversary of the Ethereum blockchain, and its "NFT Torch Relay" event is viewed as a potential catalyst for reigniting the NFT market.

【CryptoPunks: Whales Sweep In, Floor Price Soars】 OpenSea market data shows that as of the time of writing, the floor price of the iconic NFT project CryptoPunks has risen nearly 8%, reaching 53.85 ETH. This surge in price coincides with a new wave of enthusiastic sentiment surrounding popular Ethereum NFTs. Analysts point out that CryptoPunks is experiencing a sustained buying frenzy, with users even spending over $1.3 million in one go to purchase 6 NFTs from this series during the early trading session in Asia, demonstrating the strong purchasing power of large investors in the NFT market.

【Moonbirds: Monthly Rise of 300% Short-term Profit Taking Emerges】 Similarly, the Moonbirds NFT series has attracted significant market attention, further strengthening the expectation of the return of the NFT season. However, Moonbirds also faces short-term selling pressure. Data from OpenSea shows that its floor price has dropped over 20% in the past 24 hours, indicating that some NFT holders are quickly locking in early profits. Nevertheless, the floor price of Moonbirds has still maintained an astonishing rise of over 300% in the past month, continuously injecting optimism into the NFT market. Against this backdrop, some users believe that Moonbirds may lead the current recovery of the NFT market. "It looks like Moonbirds may be staging one of the strongest comebacks in the NFT space," said financial analyst and NFT trader Sennin.

【CloneX: Rebound Amidst Uncertainty, Acquisition Speculations Rise】 In addition to CryptoPunks and Moonbirds, traders are also paying attention to the trends of CloneX NFTs. The series' floor price successfully doubled over the weekend. Given that CloneX had previously been in a long-term downtrend due to its parent company RTFKT being shut down by Nike at the end of 2024, this floor price recovery indicates that market interest is reigniting. "Recent comments from one of RTFKT's co-founders, Nick, who initially leaked the shutdown news, seem to suggest that the project may undergo CTO (Community Takeover) or be sold. Considering that Moonbirds surged 20 times after being acquired, it appears that people are betting CloneX may play out a similar scenario," analyzed Wale. moca, an NFT researcher at Azuki. However, Wale. moca also cautioned users to remain vigilant due to rumors of insider trading allegations surrounding CloneX (FUD factors). He pointed out that under a cloud of doubt, other market competitors like Pudgy Penguins (PENGU) and Moonbirds NFTs may be more favored by NFT investors.

【Ethereum NFT Torch Relay Reignites the Digital Collectibles Craze】 In retrospect, the "NFT Torch Relay" event launched by the Ethereum Foundation just over a week ago is seen as the starting point for this round of NFT market recovery. Following this move, funds began to flow into NFT projects, and discussions about the arrival of the NFT season quickly spread throughout the crypto community. According to data from the Ethereum official website, Anthony Sassano, the founder of Daily Gwei, is the current holder of the NFT torch, having received this symbolic NFT from Alex Bornyakov in Ukraine. Shortly after the launch of the Ethereum NFT Torch Relay, a user splurged nearly $8 million to purchase 45 CryptoPunks NFTs in a single transaction, showcasing the return of whales to the NFT market. Meanwhile, the Pudgy Penguins, which had attracted significant attention due to the PENGU ETF proposal, are seen as potentially facing a certain siphoning effect amid expectations of funds flowing back into early NFT blue-chip projects.

[Market Shows Divergence, Beware of NFT Bubble Risks] However, not all market participants are optimistic. Some users remain highly vigilant, believing that the bubble in the NFT market could burst as quickly as it has recently inflated. "Are we betting on Moonbirds soaring again, or is this just another hype cycle?" commented well-known user Rivi on platform X. This cautious attitude is not without reason; the Floor Price of NFTs is highly susceptible to minor events. For example, after the death of rock superstar Ozzy Osbourne, the value of his CryptoBatz NFT series surged over 400%, highlighting the extreme sensitivity of NFT market price fluctuations.

Conclusion: The 10th anniversary of Ethereum and the NFT torch relay inject a strong dose of confidence into the market, with fluctuations in the floor prices of blue-chip projects like CryptoPunks and Moonbirds igniting expectations for the return of the NFT season. The rebound of CloneX and speculations about potential acquisitions have also added a narrative to the market. However, short-term profit-taking pressure, historical issues with projects (such as the FUD surrounding CloneX), and the inherent high volatility risk in the market still remind NFT investors to rationally view the current enthusiasm, proceed with caution, and closely monitor the subsequent capital flows and fundamental changes in the NFT market.