Pudgy Penguins waddle higher despite overall NFT sales slump

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5 Min Read

Despite the fact that the general NFT (non-fungible token) market has cooled down, DX terminals and Pudsey Penguins are scorching.

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  • NFT gross sales decreased 34% to $169.7 million, however the variety of transactions elevated 1.99% to 1,920,271.
  • DX Terminal rose greater than 50% this week to prime the gathering with $13 million in gross sales.
  • Ethereum led the way in which with $86 million in NFT gross sales, however patrons general fell by greater than 80%.

Based on CryptoSlam information, NFT gross sales fell 33.56% to $169.7 million from final week’s $256.9 million.

The backlash was much more extreme for market members, with the variety of NFT patrons plummeting by 75.68% to 168,946 and the variety of sellers plummeting by 73.94% to 152,283. Sure NFT collections (specifically DX terminals and stubby penguins) have bucked this development.

Bitcoin (BTC) worth has retreated to the $112,000 degree following final week’s rally. Ethereum (ETH) has additionally fallen from latest highs to $3,700. The worldwide cryptocurrency market capitalization fell to $3.78 trillion from final week’s valuation of $4.2 trillion.

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DX Terminal dominates NFT assortment

DX Terminal on the Base blockchain took the highest spot with a income of $13.03 million, a rise of fifty.20%. This assortment processed 570,066 transactions and attracted 169,973 patrons and 168,979 sellers.

CryptoPunks slipped to second place with gross sales of $11.06 million, down 36.92% from final week’s $17.33 million. The Ethereum assortment noticed 48 transactions with 26 patrons and 30 sellers.

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DMarket remained in third place with $7.72 million, down 3.33% from final week’s $7.95 million. The Mythos-based assortment recorded 225,129 transactions.

Pharaoh V3 Non Fungible on Avalanche (AVAX) surged to #4 with an enormous leap of 41,365.84% with gross sales of $7.34 million. This assortment had 554 transactions with 101 patrons and 38 sellers.

Pudgy penguin teeters on the rise despite overall NFT sales slump - 2

Supply: Prime assortment by NFT gross sales quantity (CryptoSlam)

Moonbirds dropped to fifth place with $7.01 million, down 60.89% from the earlier week’s $18.72 million. This assortment processed 512 transactions with 205 patrons and 243 sellers.

The Pudsey Penguins got here in sixth place with $6.63 million, a rise of 16.98% from final week’s $5.67 million. Ethereum Assortment witnessed 172 transactions involving 81 patrons and 97 sellers.

Bored Ape Yacht Membership rounded out the highest seven with $5.3 million, a rise of 90.38%. This assortment information 174 transactions with 103 patrons and 91 sellers.

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Ethereum maintains lead regardless of decline

Ethereum remained the main blockchain in NFT gross sales at $86.46 million, down 9.34% from $97.40 million final week.

The community recorded $12.46 million in wash trades, for a complete of $98.92 million. The variety of patrons plummeted by 81.35% to 19,509 individuals.

Base remained in second place with $15.56 million, a rise of 39.75% from final week’s $10.92 million. Blockchain recorded $5.29 million in wash transactions, with patrons down 66.63% to 95,027.

Supply: Blockchain by NFT gross sales quantity (CryptoSlam)

Bitcoin moved to 3rd place with $14.04 million, up 20.92% from final week’s $10.97 million. The community had 3,188 patrons, a lower of 86.51%.

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Mythos Chain took fourth place with $12.86 million, down 2.13% from final week’s $13.07 million. Blockchain attracted 9,568 patrons, a lower of 79.07%.

Avalanche soared 373.13% to maneuver into fifth place with $10.63 million. There have been solely 280 blockchain patrons, a lower of 88.49%.

Solana (SOL) secured sixth place with $7.58 million, up 0.81% from the earlier week’s $7.74 million. The community recorded 9,554 patrons, a lower of 83.18%.

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Prime assortment gross sales

  • Protoshrooms NFT led non-public gross sales with $470,760.50 (3.7811 BTC) offered 5 days in the past.
  • CryptoPunks #9205 was offered 7 days in the past for $416,002.50 (92.5 ETH).
  • Wrapped Etherock #91 offered for $380,000 USDC 6 days in the past.
  • CryptoPunks #3390 was offered 4 days in the past for $279,243.03 (59.68 ETH).
  • CryptoPunks #9968 was offered 3 days in the past for $259,739.06 (58 ETH).

learn extra: Ripple: From free fall to rebound as commerce conflict rocks crypto markets

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