The NFT market was pulled back in line with deepening the debilitating crypto, with Bitcoin falling to $83,000 and Ethereum falling to $1,900.
Overall crypto market capitalization has shrunk to another $2.73 trillion from $2.83 trillion last week.
Cryptoslam data shows that sales of impossible tokens fell to $109.2 million. This is a 7.84% decrease from the previous week. However, market participation indicators talk very differently, and the number of buyers and sellers has skyrocketed dramatically.
Weekly data reveals these contrasting trends:
- Sales volume fell from $121.5 million to $109.2 million.
- Buyers surged 697.00% to 204,693
- Seller jumped to 419.23% to 133,708
- Transactions fell 5.46% to 1,497,932
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Ethereum and Solana volumes drop
- Ethereum (ETH) sales fell 11.28% to $32.7 million, but buyers rose 103.27% to 31,517, up 31,517. Wash trading fell 28.96% to $2.9 million.
- Bitcoin (BTC) opposed this trend, up 4.63% to $22.8 million.
- Mythos Chain fell slightly 1.78% to third place at $15.0 million.
- Polygons (POL) rose 1.63% to $13.8 million, bringing it to fourth place.
- Solana (Sol) skid 43.44% to $10.1 million.
Source: Blockchain based on NFT sales volume (Cryptoslam)
There are major changes in the rankings of the collection
Courtyard maintained its lead with sales rising by $12.2 million, a 3.63% increase. However, that transaction count fell 33.56% to 93,805.
Dmarket placed second at $9.8 million, down 2.40%, continuing to maintain a massive amount of sustainability with 316,386 transactions. The BRC-20 NFT fell to third place at $5.6 million, down 23.41%.
The new Bitcoin collection, Quantum Cats, surged to fourth place, up 349.19% at $3.9 million. Cryptopunks fell fifth at $3.1 million, down 55.55%.
Paradise slides sixth, down 72.58%, at $2.7 million. Guild of Guardian Heroes came in seventh place with $2.2 million, down 32.65%.
This week’s top sale includes:
- Beepru Special Edition #100020001: $464,480 (464,480 USDC)
- Beeple Special Edition #100020001: $441,000 (441,000 USD)
- Known Origin #30101: $390,000 (390,000 USDC)
- Cryptopunks #4220: $251,307 (134.69 ETH)
- Cryptopunks #8968: $246,449 (128 ETH)
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