NFT sales plunge 14% to $84m, CryptoPunks sales drop 25%

NFT sales volume has fallen by 14.06% to $84.44 million, down from last week’s $98.18 million.

Summary

• NFT sales volume dropped 14% to $84.44m as Bitcoin and Ethereum prices weakened.
• Buyer participation plunged 96%, showing one of the sharpest drops
• DMarket led with $6.88M in sales, while top Ethereum collections like BAYC declined.

According to CryptoSlam data, market participation has seen a notable drop, with NFT buyers plunging by 96.76% to just 20,302 and sellers dropping by 95.05% to 23,241. NFT transactions declined by 4.21% to 1,405,561.

This is happening at a time when the Bitcoin (BTC) price has slumped to the $102,000 level as market pressure intensifies.

Ethereum (ETH) has lost the $3,400 level, and the global crypto market cap has contracted to $3.48 trillion, down from last week’s $3.71 trillion.

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DMarket climbs as major collections retreat

DMarket on the Mythos blockchain has extended its lead with $6.88 million in sales, up 15.85% from last week’s $5.92 million. The collection processed 247,448 transactions and attracted 16,575 buyers and 13,544 sellers.

DX Terminal on Base remained in second place at $5.11 million, down 13.38% from last week’s $5.62 million. The collection recorded 318,595 transactions with 80,646 buyers and 81,068 sellers.

Pudgy Penguins held third position with $4.38 million, down 12.95% from last week’s $4.85 million. The Ethereum collection saw 215 transactions with 139 buyers and 136 sellers.

Source: Top collections by NFT Sales Volume (CryptoSlam)

CryptoPunks dropped to fourth with $3.30 million, falling 25.47% from last week’s $3.79 million. The collection had just 28 transactions with 20 buyers and 24 sellers.

Courtyard on Polygon (POL) surged into fifth place with $2.91 million, up 54.88%. The collection processed 45,553 transactions with 13,104 buyers and 1,910 sellers.

Bored Ape Yacht Club tumbled to sixth at $2.81 million, down 46.55% from last week’s $5.22 million. The collection recorded 129 transactions with 83 buyers and 80 sellers.

Guild of Guardians Heroes rounded out the top seven with $2.48 million, down 35.97% from last week’s $3.88 million.

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Ethereum slides as buyer data shows anomalies

Ethereum maintained first position with $32.97 million in sales, down 21.41% from last week’s $41.72 million.

The network recorded $4.64 million in wash trading, bringing its total to $37.60 million. Buyers fell sharply by 76.91% to 12,604.

Bitcoin held second place with $9.15 million, down 15.65% from last week’s $11.55 million. The network recorded zero buyers, down 100.00%.

Base dropped to third with $7.32 million, down 31.37% from last week’s $10.36 million. The blockchain recorded $5.02 million in wash trading, with zero buyers reported.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Mythos Chain climbed to fourth at $7.10 million, up 17.21% from last week’s $6.09 million. The blockchain showed zero buyers, up from 46,981 last week.

BNB Chain (BNB) secured fifth position with $6.15 million, up 12.75% from last week’s $5.25 million. Zero buyers were recorded.

Solana (SOL) placed sixth at $5.12 million, down 13.05% from last week’s $6.16 million, also with zero buyers.

Polygon entered the rankings at seventh with $4.50 million, up 28.91%. The blockchain recorded $7.41 million in wash trading, bringing its total to $11.91 million.

Immutable (IMX) landed in eighth at $4.26 million, down 36.01% from last week’s $6.56 million.

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CryptoPunks lead top sales

CryptoPunks dominated the top individual sales, claiming all five positions:

• CryptoPunks #8295 led at $196,275.14 (54.69 ETH), sold four days ago.
• CryptoPunks #5361 placed second at $173,369.70 (45 ETH), sold five days ago.
• CryptoPunks #5295 sold for $165,743.73 (49.99 ETH) two days ago.
• CryptoPunks #9537 fetched $160,023.86 (41.5 ETH) five days ago.
• CryptoPunks #2845 completed the top five at $151,059.23 (39 ETH), sold six days ago.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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