NFT buyers are quietly coming back.

Buyer count is up 120%, even though total sales sit around $61.5M. That divergence matters.

It tells me this isn’t a hype-driven bounce, it’s distribution reversing into accumulation.
Smaller tickets, more wallets, broader participation.

Cycles don’t restart with volume spikes.
They restart when people return before capital does.

NFTs aren’t dead, they’re being repriced, restructured, and re-entered more thoughtfully.
That’s usually how the next leg begins.