Leading Ethereum NFT collections like Pudgy Penguins and CryptoPunks have experienced price increases in the past 24 hours, along with other notable collections like Bored Ape Yacht Club and Lil Pudgys. This rise in prices is attributed to a wider crypto market rebound and rumors of a "JPEG reserve." The gains were further fueled by comments from former President Donald Trump about including assets like Bitcoin and Ethereum in a strategic crypto reserve. Speculation and optimism grew when the leader of Pudgy Penguins, Luca Netz, hinted at a mysterious project related to the NFTs. However, trading volumes for NFT collections on Ethereum and Solana have declined in the past month.



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