Several blue-chip non-fungible token (NFT) collections have seen notable floor price increases over the past month. Some traders now argue that NFT prices may have finally found a bottom. Since April 10, data shows that the Bored Ape Yacht Club (BAYC) floor price rose from $14,300 to $25,150.
Blue-Chip NFTs Spike, Volume Remains Quiet
The NFT market has seen reduced demand since 2023, with 2025 and early 2026 bringing steep declines in trading volume, market capitalization, and floor prices. But the last 30 days show a shift in sentiment.
According to cryptoslam.io, total NFT trading volume over the past month was roughly $238.54 million. That is 54.89% lower than the previous 30-day period. Yet individual collections outperformed. For instance, Cryptopunks floor price climbed from $62,500 on April 10 to $73,200 today, based on nftpricefloor.com data.
BAYC posted even bigger gains. Its floor price jumped 75.87% since April 10. BAYC’s market capitalization reached $251 million as of May 10. The collection also recorded $13.42 million in sales over the past 30 days, beating Cryptopunks volume of $7.78 million.
Pudgy Penguins saw its floor price rise from $9,500 to $12,900. BAYC’s sister collection, Mutant Ape Yacht Club (MAYC), went from $1,500 to $3,960 over the same stretch. Other collections like Panini America, NBA Top Shot, Anome OG NFT, and Guild of Guardians NFTs also reported higher sales volumes.
Mixed Opinions on Sustainability
Some NFT influencers believe a comeback is underway. One X account noted, “NFTs are about to make a violent comeback. Supply at all-time lows. Sellers are gone. Volume picking back up.” But others are cautious. Another observer suggested the rebound seems limited to blue-chips, with existing whales rotating bags rather than new buyers entering. They added, “We still need fresh capital to sustain it.”
Whether this marks the start of a broader recovery or just a temporary bounce remains unclear. However, rising floor values for several major collections suggest selective demand has returned. Trading volumes are still far below earlier peaks, but longtime NFT holders are watching closely to see if momentum holds through the second half of 2026.
