NFT sales plummeted 27.65% to $62.58 million from $88.29 million last week, according to CryptoSlam data.
summary
- NFT trading volume fell by nearly 28% as the number of buyers and sellers decreased by more than 75% week-on-week.
- While Ethereum maintained its top spot on the chain, Bitcoin NFT sales have plummeted more than 65% over the past week.
- CryptoPunks led collections even as overall NFT activity hit multi-week lows.
Market participants plummeted, with the number of NFT buyers plummeting by 82.75% to 60,985 people and the number of sellers plummeting by 77.69% to 56,228 people. NFT transactions decreased by 23.64% to 690,550.
This bearish performance comes as Bitcoin (BTC) price has stabilized at the $90,000 level following last week’s recovery.
Ethereum (ETH) lost the $3,100 level and fell below this important threshold. The global cryptocurrency market capitalization is now $3.09 trillion, up slightly from $3.08 trillion last week.
CryptoPunks take top spot as Bitcoin BRC-20 declines
CryptoPunks on Ethereum moved to the top with sales of $3.59 million, an increase of 33.58% from last week’s $2.69 million. This collection processed 31 transactions with 21 buyers and 17 sellers.
BNB’s YES BOND remained in second place with $2.75 million, registering a minimal increase of 1.34% from last week’s $2.72 million. This collection recorded 2,277 transactions with 1,836 buyers and just 1 seller.
Panini America on the Panini blockchain surged 176.41% to 3rd place with $2.51 million. This collection had 19,194 transactions with 934 buyers and 1,765 sellers.
Source: Top collection by NFT sales volume (CryptoSlam)
Pudsey Penguins fell to fourth place with $2.15 million, down 8.80% from last week’s $2.39 million. Ethereum Collection had 134 transactions with 74 buyers and 81 sellers.
Ethereum’s TokenVestingPlans secured the fifth place with $1.81 million, marking a 3,779.55% jump. For this collection, 44 transactions were processed with just 1 buyer and 14 sellers.
Immutable-Zk’s Guild of Guardians Heroes secured 6th place with $1.77 million, down 22.72% from last week. 1,279 transactions were recorded in the collection.
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Ethereum maintains lead as Bitcoin collapses
Ethereum remained in first place with sales of $26.76 million, but was almost flat, down 0.10% from last week’s $27.57 million.
The network recorded $3.97 million in wash trades, bringing the total to $30.73 million. The number of buyers decreased by 86.03% to 3,338 people.
Bitcoin fell to second place with $10.43 million, down 65.16% from last week’s $29.95 million. Blockchain recorded $97,394 in wash transactions, with buyers plummeting 86.01% to 1,713.
BNB Chain (BNB) remained in third place with $7 million, down 0.62% from last week, almost flat. Blockchain wash transactions traded $8,217 with buyers down 94.36% to 2,820 buyers.
Source: Blockchain by NFT sales volume (CryptoSlam)
Immutable (IMX) secured fourth place with $3.91 million, up 18.29% from last week’s $3.26 million. The number of buyers decreased by 85.68% to 886 people.
Solana (SOL) rose to fifth place with $3.73 million, an increase of 37.01% from the previous week’s $2.89 million. Blockchain recorded $379,310 in wash transactions with 5,098 buyers, down 86.81%.
Panini came in 6th place with $2.51 million, a jump of 173.06%. There were 934 blockchain buyers, an increase of only 2.08%.
The base came in 7th place with $2.09 million, down 23.14% from last week’s $3.11 million. Blockchain recorded $4.83 million in wash transactions, with buyers down 58.33% to 36,212.
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Bitcoin BRC-20 NFT takes first place despite declining collection volume
The $X@AI BRC-20 NFT topped private sales with $1.37 million (15.0069 BTC) sold six days ago, but was down from last week’s record-breaking $17.13 million sale.
CryptoPunks #7892 came in second place with $529,592.56 (169 ETH) sold 6 days ago.
Bored Ape Yacht Club #3112 was sold 1 day ago and secured 3rd place for $214,970.88 (69 ETH).
Two CryptoPunks rounded out the top five.
- CryptoPunks #1831 was sold 1 day ago for $185,473.78 (60 ETH)
- CryptoPunks #8691 was sold 9 hours ago for $138,524.39 (45 ETH)