NFT sales plunge 42% to $93 million; Pudgy Penguins sales plunge 76%

NFT (non-fungible token) sales plummeted 42.42% to $93.18 million from $161.7 million last week, according to CryptoSlam data.

Despite the drop in sales, market participation has improved, with NFT buyers increasing by 33.09% to 509,668 people and sellers increasing by 21.04% to 413,225 people. The number of NFT transactions decreased by 7.63% to 1,543,392.

At the same time, Bitcoin (BTC) price has recovered to the $111,000 level following the recent decline.

Ethereum (ETH) has regained the $3,900 level as the overall crypto market shows new strength.

The global cryptocurrency market capitalization is now $3.75 trillion, up from $3.62 trillion last week. However, the NFT sector has experienced a sharp reversal.

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DMarket takes top spot as Pudgy Penguins collapses

Mythos blockchain’s DMarket took first place with sales of $9.05 million, an increase of 12.11% from last week’s $8.07 million.

The collection processed 286,645 transactions and attracted 19,577 buyers and 15,873 sellers.

DX Terminal on Base fell to second place with $7.56 million, down 20.58% from last week’s $9.99 million. This collection recorded 406,415 transactions with 100,205 buyers and 100,091 sellers.

Source: Top collection by NFT sales volume (CryptoSlam)

The Pudgy Penguins fell a long way back to third place. The collection earned $3.8 million, a 76.27% plunge from last week’s $15.61 million. There were only 128 transactions in Ethereum Collection, with 73 buyers and 77 sellers.

Immutable-Zk’s Guild of Guardians Heroes jumped 41.06% to take fourth place with $3.45 million. There were 2,837 transactions in this collection.

Two Bitcoin BRC-20 NFT collections made it into the top 7. $ATMC BRC-20 NFT ranked fifth with $3.21 million, an increase of 38.3%. BRC-20 NFTs ranked 6th with $2.9 million, an increase of 57.5%.

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Ethereum maintains lead despite steep drop

Ethereum remained in first place with sales of $35.04 million, down 65.64% from last week’s $102.67 million. The network recorded $4.06 million in wash trades, for a total of $39.1 million.

Although sales decreased, the number of buyers increased by 41.05% to 47,352 people.

Bitcoin moved to second place with $13.17 million, up 11.14% from last week’s $10.11 million. The network had 13,462 buyers, an increase of 60.49%.

Source: Blockchain by NFT sales volume (CryptoSlam)

Bass fell to third place at $10.19 million, down 19.8% from last week’s $13.2 million.

Blockchain recorded $4.9 million in wash transactions with 257,187 buyers, an increase of 13.56%.

Mythos Chain moved to fourth place with $9.27 million, up 13.52% from last week’s $8.23 million. Blockchain attracted 33,791 buyers, an increase of 42.9%.

Immutable (IMX) secured 5th place with $5.73 million, jumping 41.05%. The network had 6,012 buyers, an increase of 40.96%.

BNB Chain (BNB) ranked 6th with $5.33 million, down 19.62% from last week’s $6.51 million. The number of buyers increased by 52.26% to 32,769 people.

Solana (SOL) ranked 7th with $4.92 million, down 6.23% from last week’s $5.4 million. The network recorded an increase of 40.36% to 30,713 buyers.

Record-breaking good deed NFT sale

Good Deed NFTs broke records with $44.89 million sold (70,200,565.5751 ADA) traded one day ago. This is one of the most expensive NFT sales in recent months.

Known Origin #264609 was sold 6 days ago for $246,984.31 (63.8 ETH).

Three CryptoPunks made it into the top five.

• CryptoPunks #7839 was sold 6 days ago for $174,846.97 (44.99 ETH)
• CryptoPunks #7378 was sold 2 days ago for $173,119.61 (45 ETH)
• CryptoPunks #7461 was sold 5 days ago for $167,646.53 (42 ETH)

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