NFT sales fall from 28.9% to $107 million, while Pudgy Penguins sales drop by 80%

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The NFT market fell along with the broader crypto market, with Bitcoin falling to $85,000 and Ethereum falling to $2,200.

According to data from Cryptoslam, total sales in the NFT market fell to $107.1 million, down 28.93% from the previous week. Despite the pullback in sales value, traders’ participation continued to grow.

The weekly indicators tell mixed stories:

NFT sales fell from $152.9 million to $107.1 million
NFT buyers increased by 36.02% to 456,874
NFT sellers rose 32.81% to 314,871
NFT transactions remained stable, with 0.86% rising to 1,566,183

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Ethereum Sales Plunge

Ethereum (ETH) sales plummeted from 67.86% to $25.3 million, while buyers figures rose 20.27% to 50,056. Wash trading fell 92.83% to $2.7 million.

Bitcoin (BTC) opposed the trend, up 16.73% in sales to $24.3 million and buyers increased 30.71% to 30,203.

Mythos Chain fell 4.79% to $14.7 million, but came in third place. Polygon (POL) jumped to fourth place at $14.2 million, up 45.35%, while Solana (Sol) rose 12.41% to 12.41%.

NFT sales range from 28.9% to $107 million, Pudgy Penguins Sales Drope 80%-1

Source: Blockchain based on NFT sales volume (Cryptoslam)

See the decline in sales in the top collection

Courtyard took the top spot with sales of $12.1 million, up 39.55%. The polygon-based project saw 139,249 transactions, but the number of buyers fell by 24.05%.

Ordinal Maxi Biz (OMB) surged to second place at $1.2 million, a rise of 450.88% with more than 2,000% buyers growing.

DMARKET fell 6.30% at $9.5 million, falling to third place. The new F(X)WSTETH position came in fourth, up 173.91%, at $6.1 million, while Guild of Guardians Heroes closed the top five at $3.1 million, up 7.38%.

Previously market leader Pudgy Penguins fell to No. 10 with $1.6 million sales, with a sharp drop of 80.69% on all metrics.

Notable sales this week include:

book.io – Dr. Jekyll and Mr. Hyde: $390,410 (600,000 ADA)
Book.io – Dr. Jekyll and Mr. Hyde (2nd Edition): $386,179 (600,000 ADA)
Cryptopunks #1062: $177,517 (80 ETH)
cryptopunks #2948: $139,250 (52.5 eth)
Order Maxibiz (OMB): $110,374 (1.1442 BTC)

Overall crypto market capitalization fell to $2.84 trillion from $3.18 trillion last week. Ethereum has dropped by more than 20% over the past seven days. See below.