The JPEGs are back — but only the expensive ones. The NFT market just clocked 108.6M in weekly volume, with buyers up a massive 53%. But here’s the twist: total transactions fell. Translation? Fewer degen flips, more whales rotating into premium assets like CryptoPunks on Ethereum and BOOGLE on Solana.
Forget the cheap mints — liquidity is flowing into established NFTs.
Vincent Liu, CIO at Kronos Research, summed it up:
“The whale purchase signals the strength of blue chips and a growing appetite among major players.”
This is less about gambling on the next meme mint, more about parking money in NFT blue chips as digital luxury assets.
Ethereum keeps its crown as the NFT premium network:
Even with minor ETH price corrections, high-value NFT sales show no slowdown. Whales still prefer Ethereum when it comes to flexing cultural capital.
Don’t sleep on Solana. BOOGLE sales spotlight how Solana is carving its spot in high-value NFT trading, not just cheap flippers’ paradise.
This isn’t a return of 2021-style mania. It’s a curated bull run where whales and serious collectors drive the floor.
NFTs are recovering, but it’s blue chips, not bottom feeders. Weekly volume hit 108M, buyers surged +53%, with Ethereum and Solana leading premium sales. Expect more capital rotation into CryptoPunks, BOOGLE, and other cultural staples as the NFT market matures in 2025.
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