NFT sales plunge 42% to $93m, Pudgy Penguins sales nosedive 76%

NFT (non-fungible token) gross sales plummeted 42.42% to $93.18 million from $161.7 million final week, in accordance with CryptoSlam information.

Regardless of the drop in gross sales, market participation has improved, with NFT consumers growing by 33.09% to 509,668 folks and sellers growing by 21.04% to 413,225 folks. The variety of NFT transactions decreased by 7.63% to 1,543,392.

On the identical time, Bitcoin (BTC) value has recovered to the $111,000 stage following the latest decline.

Ethereum (ETH) has regained the $3,900 stage as the general crypto market exhibits new power.

The worldwide cryptocurrency market capitalization is now $3.75 trillion, up from $3.62 trillion final week. Nonetheless, the NFT sector has skilled a pointy reversal.

You might also like: SpaceX strikes $134 million price of Bitcoin to new pockets: Arcam

DMarket takes prime spot as Pudgy Penguins collapses

Mythos blockchain’s DMarket took first place with gross sales of $9.05 million, a rise of 12.11% from final week’s $8.07 million.

The gathering processed 286,645 transactions and attracted 19,577 consumers and 15,873 sellers.

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

The Pudgy Penguins fell a good distance again to 3rd place. The gathering earned $3.8 million, a 76.27% plunge from final week’s $15.61 million. There have been solely 128 transactions in Ethereum Assortment, with 73 consumers and 77 sellers.

Immutable-Zk’s Guild of Guardians Heroes jumped 41.06% to take fourth place with $3.45 million. There have been 2,837 transactions on this assortment.

Two Bitcoin BRC-20 NFT collections made it into the highest 7. $ATMC BRC-20 NFT ranked fifth with $3.21 million, a rise of 38.3%. BRC-20 NFTs ranked sixth with $2.9 million, a rise of 57.5%.

You might also like: Solana value exceeds $190, institutional adoption will increase

Ethereum maintains lead regardless of steep drop

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

Though gross sales decreased, the variety of consumers elevated by 41.05% to 47,352 folks.

Bitcoin moved to second place with $13.17 million, up 11.14% from final week’s $10.11 million. The community had 13,462 consumers, a rise of 60.49%.

Bass fell to 3rd place at $10.19 million, down 19.8% from final week’s $13.2 million.

Blockchain recorded $4.9 million in wash transactions with 257,187 consumers, a rise of 13.56%.

Mythos Chain moved to fourth place with $9.27 million, up 13.52% from final week’s $8.23 million. Blockchain attracted 33,791 consumers, a rise of 42.9%.

Immutable (IMX) secured fifth place with $5.73 million, leaping 41.05%. The community had 6,012 consumers, a rise of 40.96%.

BNB Chain (BNB) ranked sixth with $5.33 million, down 19.62% from final week’s $6.51 million. The variety of consumers elevated by 52.26% to 32,769 folks.

Solana (SOL) ranked seventh with $4.92 million, down 6.23% from final week’s $5.4 million. The community recorded a rise of 40.36% to 30,713 consumers.

Document-breaking good deed NFT sale

Good Deed NFTs broke data with $44.89 million bought (70,200,565.5751 ADA) traded at some point in the past. This is among the most costly NFT gross sales in latest months.

Identified Origin #264609 was bought 6 days in the past for $246,984.31 (63.8 ETH).

Three CryptoPunks made it into the highest 5.

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

learn extra: XRP Value Units for Breakout as Ripple ETF and CME Futures Go Main Milestones