The non-fungible token market staged its sharpest one-day advance since the 2021 boom, with total capitalization jumping about 28% to more than $6.6 billion on 21 July, according to data from CoinGecko. Trading volume swelled more than 350% to roughly $46 million over the same period, signalling a burst of fresh liquidity after months of subdued activity. Market participants pointed to a single, large purchase of 45 CryptoPunks late Sunday as the spark for the rally. Blockchain records show an unidentified buyer spent more than 2,000 ether—valued between $8 million and $13.5 million, depending on price feeds—to sweep the iconic profile-picture collection. The move quickly rippled across other so-called blue-chip NFTs. CryptoPunks’ floor price climbed about 16% to roughly 47 ETH. Pudgy Penguins rose around 15% to 16.6 ETH, making it the second-largest NFT collection by market value, while Bored Ape Yacht Club added as much as 21% to about 13.4 ETH. Moonbirds, Azuki and several smaller projects also posted double-digit gains. The resurgence coincides with ether’s approach toward the $4,000 level and has spilled into related tokens. Pudgy Penguins’ Solana-based meme coin PENGU gained roughly 27%, lifting its fully-diluted valuation above $3 billion. Traders now await whether the momentum can hold or if the spike proves another short-lived burst in the volatile digital-asset sector.