Alts Soar, JPEGs Roar, CEO Resigns
Another week, another CEO who probably should’ve skipped that Coldplay concert.
Astronomer’s Andy Byron has officially stepped down, looks like the vibes hit a little too hard. Tough break, Andy.
Meanwhile, the rest of us are just glad we weren’t at that show… because the markets? They’re absolutely electric right now.
Solana just flipped $100B in market cap, $ETH is cruising past $450B gunning for Big Daddy Bitcoin, and $XRP broke through $185B for the first time ever, somewhere, Ripple’s legal squad is probably popping champagne. 🍾
The Altcoin Season Index hit 47 (up from 29 last week), and the total altcoin market cap is now $1.55T.
TL;DR: It’s not officially alt season yet, but the DJs are warming up.
In an unexpected and most welcome plot twist: NFTs had their best 24h in a YEAR!
▪️Total NFT market cap: $6.4B (up 23% in a day)
▪️Daily trading volume: $39M+ (up 317%)
▪️One of the strongest daily performances since early 2023.
💡 What’s Driving This Surge?
✅ Bitcoin’s breakout: Now above $120K, BTC’s momentum is spilling into other digital asset classes, especially NFTs.
✅ ETH-based blue chips are bouncing:
▪️Moonbirds soared +31% to 1.84 ETH
▪️CryptoPunks climbed +14% to 46.7 ETH
▪️Azuki and BAYC followed with strong single-digit floor gains. This shows confidence is returning to premium collections, a strong signal for the rest of the market.
✅ Bitcoin NFTs are going full send:
Ordinals and other BTC-native projects saw 400%+ growth in weekly volumes, solidifying Bitcoin’s growing footprint in the NFT space. Yes, even the oldest chain is getting its JPEGs on now.
✅ Cross-chain action is heating up:
NFT ecosystems on Solana, Polygon, and even L2s like Base are showing stronger activity and collection launches.
More chains = more accessibility = more liquidity across the board.
✅ IRL utility is driving value:
Brands like Nike, Starbucks, and yes, even Pudgy Penguins are pushing NFTs beyond speculation:
▪️Nike is dropping digital wearables.
▪️Starbucks is using NFTs for loyalty and rewards.
▪️Pudgy Penguins are showing up as toys in Walmart. This shift toward real-world utility is helping reframe NFTs as tech-enabled products, not just digital art.
📈 Are We in a New NFT Bull Cycle?
It’s still early, but the data is promising:
▪️Analysts expect the NFT market cap could push past $7B if this pace holds.
▪️Trading activity is up, indicating healthier liquidity and stronger market conviction.
▪️Floor prices + volume = actual demand, not just hype
And mid-tier collections and emerging projects are also starting to see renewed interest. If this continues, we could be looking at a broader NFT renaissance, not just a top-tier echo pump.
📌 That’s a wrap!
SOL’s up, ETH’s loud, XRP’s proud, and NFTs are back from their existential crisis, Web3’s putting on a show.
….Speaking of shows, remember:
If your CEO invites you to Coldplay, maybe just send a LinkedIn endorsement instead.
💬 Which milestone are you watching most?
❤️ Like, 🔁 RT, and follow us for your weekly dose of crypto alpha.
📌 Bookmark this post, this week’s already heating up.

16.08K
52
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.