NFT Sales Jump 27% Despite Sharp Drop in Market Activity

• YES BOND on BNB was positioned second with $2.75 million, showing minimal growth at 1.34% from the past week’s $2.72 million.
• Pudgy Penguins secured fourth position, being at $2.15 million, 8.80% lower than last week’s $2.39 million.

As per the data released by CryptoSlam, NFT sales volume has surged by 27.65% to $62.58 million, slipping from last week’s $88.29 million. 

The market participation has collapsed, with NFT buyers slipping by 82.75% to 60,985 and sellers slipping by 77.69% to 56,228. NFT transactions got reduced by 23.64% to 690,550. The bearish performance is occurring as the BTC price has held stable at the $90,000 mark after last week’s recovery. 

ETH also failed in holding the $3,100 level, slipping back below its prime threshold. The crypto market capitalisation over the globe stands at $3.09 trillion, up slightly from last week’s $3.08 trillion. 

CryptoPunks has increased to position itself in first position, having $3.59 million in sales, being 33.58% from last week’s $2.69 million. The collection initiated 31 transactions, having 21 buyers and 17 sellers. 

Other Positions Held By Major Players 

YES BOND on BNB was positioned second with $2.75 million, showing minimal growth at 1.34% from the past week’s $2.72 million. The collection listed 2,277 transactions, having 1,836 buyers and only 1 seller. 

The third position was held by Panini America on the Panini blockchain, having $2.51 million, showing a 176.41% surge. The collection witnessed 19,194 transactions, having 934 buyers and 1,765 sellers. 

Pudgy Penguins secured fourth position, being at $2.15 million, 8.80% lower than last week’s $2.39 million. It had 134 transactions with 74 buyers and 81 sellers. TokenVestingPlans on Ethereum was in fifth place with $1.81 million, showing a 3,779.55% surge. The collection initiated 44 transactions, having only 1 buyer and 14 sellers. 

Guild of Guardians Heroes on Immutable-Zk was placed sixth with $1.77 million, being reduced by 22.72% from last week. The collection witnessed 1,279 transactions. 

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