The Improper Token (NFT) market continues to be on a downward trend, with sales down 8.53% to $129.6 million.
summary
- NFT sales fell 8.5% to $129.6 million amid the weaknesses of the broader crypto market
- Pudgy Penguins stands out as the top performer of the week, growing 63%
- Cryptopunks maintained premium status with top 5 individual sales
Market participation has surged again, with NFT buyers increasing 18.06% to 541,831, and NFT sellers increasing 17.05% to 385,179, according to data from Cryptoslam. NFT transactions increased by 11.96% to 1,814,788.
The slump is closely linked to the overall market situation. Bitcoin (BTC) prices have dropped to a level of $108,000.
At the same time, Ethereum (ETH) fell to $4,300. Global crypto market capitalization is $3.75 trillion from $3.98 trillion last week’s market capitalization.
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Polygon sales jump 16%
Ethereum remains in its main position, earning $54.5 million in sales, down 8.24% from the previous week. Ethereum’s wash trading jumped 42.68% to $20.1 million.
Polygon (POL) remains in second place with $18.9 million with a 16.12% surge. The BNB (BNB) chain holds its third position at $13.4 million, down 34.77%.
Source: Blockchain based on NFT sales volume (Cryptoslam)
Mythos Chain is fourth, up 4.71%, $10.2 million. Bitcoin closed the top five at $7.7 million, down 30.28%.
Immutable (IMX) took sixth place at $6.8 million, down 4.95%. Solana (Sol) ranked seventh at $5.7 million, down 20.44%.
NFT buyers are surged across blockchain
The number of buyers is increasing on most blockchains. According to the data, Solana leads with a growth of 39.47%, with polygon at 42.66% and bitcoin at 31.55%.
Polygon Courtyard holds the top spot in the collection rankings with sales of $17.6 million, up 19.44%. The collection saw growth in transactions (8.58%) and sellers (14.67%), while buyers fell by 57.77%.
Cryptopunks fell to second place at $7.1 million, down 17.95%. The collection saw a decline in transactions (18.92%) and sellers (25%), but buyers counts remained flat.
Pudgy Penguins rose to third place with $5.2 million on a 63.39% jump. This collection is growing across all metrics including transactions (89.66%), buyers (60%) and sellers (46.81%).
DMARKET took fourth place at $5.1 million, representing a 10.01% increase. MoonBirds is in fifth place at $4.4 million, down 36.57%. BNB chain Spinnftbox completes the top six for $4.2 million, down 60.93%.
Here are some notable high value sales this week:
- Cryptopunks #4619 is for sale at 96 ETH ($446,764)
- Cryptopunks #2400 is for sale at 73.5 ETH ($324,076)
- Cryptopunks #5273 is for sale at 65 ETH ($283,399)
- Cryptopunks #1721 is for sale for 60 ETH ($274,171)
- Cryptopunks #6373 is for sale for 55 ETH ($261,046)
read more: Tether stops USDT freezes on legacy chains and adopts “unsupported” status
