The NFT market has experienced a significant decline in sales volumes, marking a noticeable shift from previous weeks.
Market Overview
According to CryptoSlam, NFT sales volume has decreased by 18.43%, totaling $116.9 million. This represents a stark contrast to the strong performance from the previous week. Bitcoin's price has fallen to $103,000, while Ethereum has dropped 4% over the last seven days. The global cryptocurrency market cap has decreased from $3.29 trillion to $3.21 trillion.
Top Platforms and Collections
Immutable has retained its leading position, despite sales dropping to $28.3 million (-32.23%). Polygon has surged to second place with $23.3 million in sales (+24.98%), while Ethereum has slipped to third with $20.4 million (-32.06%). Mythos Chain remains in fourth place with $14.1 million (-0.03%), and Solana has climbed to fifth with $8.7 million (-42.74%).
High-Value NFT Sales
This week has seen notable high-value sales, including CryptoPunks #1831 sold for 150 ETH ($389,846), CryptoPunks #9778 for 150 ETH ($377,958), and CryptoPunks #4868 for 76.5 ETH ($201,933). High sales figures demonstrate a continuing interest in certain collectible items.
Despite the overall decline in NFT sales volumes, buyer interest in specific collections remains, potentially indicating future shifts in market trends.
