📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
NFT market capitalization surged 22% in a single day! Blue-chip NFTs lead the way, as whales buy up and ignite expectations for the "NFT season".
On July 21, 2025, the NFT market, which had been quiet for a long time, experienced a historic big pump, with market capitalization soaring over 22% in a single day, jumping from $5.1 billion to approximately $6.4 billion. Blue-chip NFT projects such as CryptoPunks, Pudgy Penguins, and Moonbirds led the charge, pushing daily NFT volume to surge 344% to $42.7 million, reaching a six-month high. On-chain data shows that Whales are making a big entry to sweep up purchases, combined with Ethereum breaking $3,800 and Bitcoin holding above $119,000 in a broad crypto rally, sparking heated discussions in the market about whether the "NFT bull run" has been reignited. Although the number of active buyers and transactions is still far below peak levels, this big pump undoubtedly injects a strong dose of confidence into the NFT ecosystem.
Blue-chip NFTs lead, with market capitalization and volume both soaring
Whale Get on Board and Encryption Surge: The Dual Engines of NFT Big Pump
Concerns Amidst the Carnival: The Road to Recovery is Still Long Despite the bullish market sentiment, data reminds investors that the NFT ecosystem is still far from a full recovery:
Conclusion: Liquidity returns, is an NFT summer approaching? The NFT market on July 21st announced its return with a striking blue-chip NFT leading storm. The aggressive actions of Whale wallets sweeping on-chain combined with the macro backdrop of Ethereum and Bitcoin rallying together ignited investors' expectations for the "NFT bull run restart", as evidenced by the trading volume hitting a six-month high. Although the user base and overall trading activity have yet to recover to their former glory, this historic single-day rise undoubtedly injects a strong signal of liquidity recovery into the NFT space. With the market buzzing about the possibilities of innovative mechanisms like “NFT treasury tools”, whether the NFT ecosystem can ride this tailwind into a true "summer" deserves continuous attention. The market is holding its breath to see if this round of momentum driven by whales and belief can translate into lasting prosperity for the NFT ecosystem.