A mystery whale just dropped $8.6M on blue-chip NFTs — and the market is heating up again.

Blue-Chip NFTs Are Back in Action

NFT market activity surged this week, with total market cap surpassing $6B and 24h trading volume jumping nearly 40%. Projects like Moonbirds, Azuki, BAYC, and Pudgy Penguins all saw strong price rebounds — Moonbirds alone spiked over 30% in floor price within a day.

Whale “0x1bb” Makes a Bold Move

A previously inactive wallet — address starting with “0x1bb” — spent approximately $8.6M snapping up 46 CryptoPunks and 30 Chromie Squiggles in one go. The wallet focused exclusively on blue-chip collections, signaling potential institutional-level confidence rather than speculative hype.

BTC Going Sideways, Capital Chasing Risk Again?

As Bitcoin trades sideways, some funds appear to be rotating into higher-volatility assets like NFTs. This shift could reflect a rising risk appetite across the market.

OG Projects Showing Signs of Life

Alongside the trading volume, older NFT projects are reactivating: Azuki is reportedly planning IRL events, Moonbirds is focused on rebuilding its ecosystem, and Pudgy Penguins continues to expand across Asia with IP-driven growth. A blend of fundamentals + fresh capital might be reviving long-term confidence in blue chips.

So… is NFT Summer really back?

With whales jumping in, floors rising, and projects making moves — the market feels alive again. But is this just a short-term spike, or the start of a new cycle?

📌 What’s your take: another fleeting hype wave, or a meaningful shift in market momentum?