According to data from CryptoSlam.io, the global non-fungible token market experienced a decline in sales volume of 18% last week, totaling $195 million. Despite this drop, the number of collectors purchasing NFTs increased by 37%, with Ethereum leading in sales volume at $69 million, followed by Bitcoin at $58 million and Solana at $32 million.

Top NFT Collections and Sales Volume

The top-selling NFT collections last week were Bitcoin Ordinals, CryptoPunk, Bored Ape Yacht Club, DMarket, and NodeMonkes, with sales volumes ranging from $32 million to $4.8 million. Additionally, the most expensive NFT sold was Crypto Punks #635 for over $12 million.

NFT Market Prediction for This Week

As traders shifted towards memecoins and the crypto market recently, the NFT market is expected to rebound as the memecoins trend fades out. The global NFT market may experience increased sales once the current memecoins season subsides.