NFT Market Soars as Floor Prices Spike for Top Collections

Investors are rushing back into non-fungible tokens (NFTs) after a massive single-day “sweep” of blue-chip NFTs on Sunday, propped up by a crypto market rally. 

CoinGecko data shows the largest NFT collection by market cap, CryptoPunks, experienced a 15.9% spike in its floor price from 40.9 Ether (ETH) to 47.50 ETH, worth over $179,000, with 83 of the NFTs snapped up by new holders in only a single day. 

Pudgy Penguins, the second-largest collection by market cap, has spiked over 15% to 16.60 Ether ($62,597), with 100 new holders “sweeping”…