NFT Sales Surge 15.2% to $111 million, Cryptopunks Sales Jump 500%

The NFT market bounced back despite the ongoing crypto wane, with Bitcoin sliding to $86,000 and Ethereum falling to $2,100.

The global crypto market continues to decline, with its total market capitalization down to $2.83 trillion from $2.84 trillion last week.

According to Cryptoslam data, NFT sales rose to $121.5 million, an increase of 15.27% from the previous week. However, market participation has been contracted rapidly, suggesting larger transactions from fewer participants.

Weekly indicators reveal contrasting trends:

NFT sales rose from $107.1 million to $121.5 million
NFT buyers plummeted to 94.39% to 25,641
NFT sellers fell 91.84% to 25,717
NFT transactions increased by 5.21% to 1,615,020

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Ethereum sales jumps, but the number of buyers decreases

Ethereum (ETH) sales rose 50.76% to $37.6 million, while buyers fell 69.09% to 15,471. Wash trading rose 39.46% to $3.9 million.

Bitcoin (BTC) fell 17.21% to $21.0 million. Solana (Sol) rose to third place at $18.0 million, up 51.24%. Mythos Chain ranked fourth, up 2.84%, with a $15.2 million increase, while Polygon (Pol) fell 5th, down 13.5 million, with a 7.98% decrease.

NFT Sales Surge 15.2% to $111 million, Cryptopunks Sales Jump 500%-1

Source: Blockchain based on NFT sales volume (Cryptoslam)

As for the top collection, Courtyard maintained its lead at $11.7 million despite a 6.18% drop. The polygon-based project continued its powerful activity with 141,076 transactions.

DMARKET rose to second place at $10.1 million, up 4.83% and maintained solids volumes with 351,203 transactions. Paradise, a Solana collection, came third with $9.8 million, with a 292.14% increase.

Cryptopunks made a massive comeback, jumping fourth at $7.1 million, surged by 519.26%. The BRC-20 NFTS was fifth at $7.1 million, up 173.4%.

The stocky penguin showed signs of recovery at $2.4 million, climbing 54.82% on all metrics.

This week was marked by several high value sales.