NFT sales plummet 28.9% to $107m, Pudgy Penguins sales drop 80%

The NFT market has fallen alongside a broader crypto selloff, with Bitcoin tumbling to $85,000 and Ethereum dropping to $2,200.

According to CryptoSlam data, NFT markets saw total sales volume fall to $107.1 million, marking a 28.93% drop from the previous week. Despite the pullback in sales value, trader participation continued to grow.

The weekly metrics tell a mixed story:

• NFT sales volume fell to $107.1 million from $152.9 million
• NFT buyers increased 36.02% to 456,874
• NFT sellers grew 32.81% to 314,871
• NFT transactions remained stable with a 0.86% rise to 1,566,183

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Ethereum sales plunge

Ethereum (ETH) sales plummeted 67.86% to $25.3 million, though buyer numbers rose 20.27% to 50,056. Wash trading fell 92.83% to $2.7 million.

Bitcoin (BTC) moved against the trend with sales up 16.73% to $24.3 million and buyer numbers growing 30.71% to 30,203.

Mythos Chain fell 4.79% to $14.7 million but held third place. Polygon (POL) jumped to fourth with $14.2 million, rising 45.35%, while Solana (SOL) took fifth with $12.1 million, up 12.41%.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Top collections see drop in sales

Courtyard claimed the top spot with $12.1 million in sales, up 39.55%. The Polygon-based project saw 139,249 transactions though buyer numbers fell 24.05%.

Ordinal Maxi Biz (OMB) surged to second place with $12.0 million, posting a 450.88% increase with buyer growth of over 2,000%.

DMarket dropped to third with $9.5 million, down 6.30%. A newcomer, f(x) wstETH position, took fourth with $6.1 million, up 173.91%, while Guild of Guardians Heroes rounded out the top five with $3.1 million, growing 7.38%.

Pudgy Penguins, previously a market leader, plunged to tenth place with sales of $1.6 million, dropping 80.69% with steep declines across all metrics.

Notable sales this week included:

• Book.io – Dr. Jekyll and Mr. Hyde: $390,410 (600,000 ADA)
• Book.io – Dr. Jekyll and Mr. Hyde (second edition): $386,179 (600,000 ADA)
• CryptoPunks #1062: $177,517 (80 ETH)
• CryptoPunks #2948: $139,250 (52.5 ETH)
• Ordinal Maxi Biz (OMB): $110,374 (1.1442 BTC)

The overall crypto market cap has dropped to $2.84 trillion from last week’s $3.18 trillion. Ethereum is down over 20% in the past seven days. See below.

Source: CoinGecko Read more: Bitcoin is ‘still a very risk-on asset,’ Bloomberg’s Nicolle says

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