The NFT market cap has surged to over $9.3 billion, marking a 40% increase since July, driven primarily by the rising price of Ethereum, which recently surpassed $4,600. Data from NFT Price Floor indicates this growth continues as Ethereum-based collections experience robust activity. The demand for NFTs often correlates with fluctuations in Ether, affecting their sales and valuations. Among leading collections, CryptoPunks maintains its top position with a market cap of roughly $2.4 billion, followed by the Bored Ape Yacht Club and Pudgy Penguins, which have valuations of $602 million and $591 million, respectively. Interestingly, Pudgy Penguins led weekly sales volume despite its lower market cap, highlighting its growing popularity. This surge in interest and investment in NFTs correlates with the broader trend of Ethereum's performance in the market, underscoring the interconnectedness of both sectors.

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