Meme Coin Market Surges 51% to $83.5 Billion, Driven by BONK and PENGU Gains

The NFT market experiences a significant resurgence, with total market capitalization jumping over 22% as blue-chip collections lead the charge.

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BONK

Summary

On July 21, 2025, the NFT market saw a resurgence, with market capitalization rising over 22% to approximately $6.4 billion. Blue-chip collections like CryptoPunks and Pudgy Penguins drove the gains, with significant increases in floor prices. Daily trading volumes reached a six-month high of $42.7 million, fueled by renewed whale activity and a broader crypto uptrend.

Terms & Concepts
  • NFT: Non-fungible tokens are unique digital assets verified using blockchain technology, representing ownership of a specific item or piece of content.
  • Whale Activity: Large-scale purchases or trades by wealthy investors, often leading to significant price movements in the market.
  • Floor Price: The lowest price at which a particular NFT from a collection can be bought.