Whale Buy Don Push NFT Market Cap Pass $6B Amid June Trading Surge
NFT market momentum increase sharp for June as trading volume climb 25% month-to-month reach $1.2 billion through 1.2 million transactions, Ethereum hold 70% share and floor-price go up for blue-chip collections like Bored Ape Yacht Club and Azuki. Lower gas fees, better wallet UX, and growing interest from retail and institution prepare ground well. The rally reach peak when one anonymous buyer spend 2,080 ETH (≈$7.8 million) for 45 CryptoPunks through OpenSea, cause NFT market cap to rise 28% over $6 billion and daily volume reach $46 million (+191%). ETH and SOL also rally to $3,800 and $190 respectively. Analysts talk say demand for premium NFT assets from well-known collections dey increase but dem warn say full “NFT season” no yet sure because market dey volatile and macro issues dey worry.
Bullish
Di whale buy 2,080 ETH CryptoPunks plus di volume wey rise for June dey show say short-term demand strong for NFTs and ETH, wey dey push price spike for both ETH and SOL. For long term, lower gas fees and better UX fit keep institutional and retail interest steady, wey go support ETH as main NFT settlement token. But traders suppose dey watch volatility and macro risks wey fit reduce gains.