According to sector data, within a week, the inappropriate token (NFT) market lost more than $1.2 billion worth within a week due to the slower ether gatherings.
On Monday, NFT price floor data showed that the total valuation of the NFT collection fell to $8.1 billion, with NFT market capitalization down 12% from $9.3 billion last Wednesday, an increase of 40% since July.
The NFTS will wipe out the $1.2 billion valuation within a week, coinciding with a 9% drop in ether (ETH) prices. At the time of writing, Cointelegraph data showed that ETH was trading at $4,260, falling from around $4,700 on Wednesday.
Many NFTs are built on the Ethereum network. As valuations and sales are ordered by ETH, bullish or bearish momentum in crypto assets often leads to an increase or decrease in value in the NFT sector. As ETH has declined by 4% in the last 24 hours, the majority of the top 10 collections also showed a decline in value.
Top 10 NFTs by market capitalization. Source: NFT Price Floor
As ETH decreases, NFT market capitalization decreases by more than 12%
It remains the top collection of market capitalization, but Cryptopunks saw roughly $300 million have been wiped out from the value of the collection.
At the time of writing, the data shows it is worth $2.1 billion, down 12% compared to its market capitalization of 2.4 billion on Wednesday.
Cryptoslam data shows that collection sales reached $12.7 million, a 34% drop in the last seven days. Total sales also reached 51, down 28% last week.
The boring APE Yacht Club (BAYC), which ranked second in all NFT market caps last Wednesday, reached third on Monday as its collection fell to $482.3 million.
This represents a nearly 20% decline compared to Wednesday’s $602 million.
Related: NFT’s revenue reached $574 million in July, the second highest in 2025
Penguins overtake apes by market capitalization
Meanwhile, the stocky penguins rose to the second highest rating despite their overall value wiping around $100 million.
On Monday, the collection’s market capitalization reached $491 million, down 17% compared to Wednesday’s $591 million.
Last week, the publicly available Blockchain Company BTCS Inc. announced that it had added three Pudgy Penguins NFTs to the Ministry of Corporate Digital Assets Treasury.
This shows that companies are beginning to recognize the Blue Chip NFT collection as a legitimate asset of the Ministry of Finance’s diversification.
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