Pudgy Penguins waddle higher despite overall NFT sales slump

DX Terminal and Pudgy Penguins are hot despite the overall coolness of the NFT (non-fungible token) market.

Summary

• NFT sales dropped 34% to $169.7M, but transactions rose by 1.99% to 1,920,271.
• DX Terminal topped collections with $13M in sales, up over 50% this week.
• Ethereum led with $86M NFT sales, though buyers fell more than 80% overall.

According to CryptoSlam data, NFT sales volume has dropped by 33.56% to $169.7 million, down from last week’s $256.9 million.

The pullback has been more severe for market participants, with NFT buyers plummeting by 75.68% to 168,946 and sellers falling by 73.94% to 152,283. Specific NFT collections (i.e. DX Terminal and Pudgy Penguins) bucked the trend.

Bitcoin’s (BTC) price has retreated to the $112,000 level following last week’s rally. Ethereum (ETH) has also pulled back to $3,700 from its recent highs. The global cryptocurrency market cap has dropped to $3.78 trillion, down from last week’s $4.2 trillion valuation.

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DX Terminal dominates NFT collections

DX Terminal on the Base blockchain has taken the top spot with $13.03 million in sales, up 50.20%. The collection processed 570,066 transactions and attracted 169,973 buyers and 168,979 sellers.

CryptoPunks fell to second place with $11.06 million in sales, down 36.92% from last week’s $17.33 million. The Ethereum collection saw 48 transactions with 26 buyers and 30 sellers.

DMarket maintained third position at $7.72 million, down 3.33% from last week’s $7.95 million. The Mythos-based collection recorded 225,129 transactions.

Pharaoh V3 Non Fungible on Avalanche (AVAX) surged into fourth place with $7.34 million in sales, posting a massive 41,365.84% jump. The collection had 554 transactions with 101 buyers and 38 sellers.

Source: Top collections by NFT Sales Volume (CryptoSlam)

Moonbirds dropped to fifth with $7.01 million, down 60.89% from last week’s $18.72 million. The collection processed 512 transactions with 205 buyers and 243 sellers.

Pudgy Penguins claimed sixth place at $6.63 million, up 16.98% from last week’s $5.67 million. The Ethereum collection witnessed 172 transactions, involving 81 buyers and 97 sellers.

Bored Ape Yacht Club rounded out the top seven with $5.30 million, up 90.38%. The collection recorded 174 transactions with 103 buyers and 91 sellers.

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Ethereum maintains lead despite decline

Ethereum remained the leading blockchain for NFT sales with $86.46 million, down 9.34% from last week’s $97.4 million.

The network recorded $12.46 million in wash trading, bringing its total to $98.92 million. Buyers dropped sharply by 81.35% to 19,509.

Base held second position with $15.56 million, up 39.75% from last week’s $10.92 million. The blockchain recorded $5.29 million in wash trading, with buyers falling 66.63% to 95,027.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Bitcoin climbed to third with $14.04 million, up 20.92% from last week’s $10.97 million. The network saw 3,188 buyers, down 86.51%.

Mythos Chain placed fourth at $12.86 million, down 2.13% from last week’s $13.07 million. The blockchain attracted 9,568 buyers, a 79.07% decrease.

Avalanche jumped to fifth with $10.63 million, surging 373.13%. The blockchain had just 280 buyers, down 88.49%.

Solana (SOL) secured sixth place with $7.58 million, up 0.81% from last week’s $7.74 million. The network recorded 9,554 buyers, a decrease of 83.18%.

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Top collectible sales

• A Protoshrooms NFT led individual sales at $470,760.50 (3.7811 BTC), sold five days ago.
• CryptoPunks #9205 sold for $416,002.50 (92.5 ETH) seven days ago.
• Wrapped Ether Rock #91 fetched $380,000 (380,000 USDC) six days ago.
• CryptoPunks #3390 sold for $279,243.03 (59.68 ETH) four days ago.
• CryptoPunks #9968 sold for $259,739.06 (58 ETH) three days ago.

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