NFT sales surge to $121m, CryptoPunks sales jump 500%

The NFT market has bounced back despite ongoing crypto weakness, with Bitcoin sliding to $86,000 and Ethereum dropping to $2,100.

The global crypto market has continued its drop, with total market cap edging down to $2.83 trillion from last week’s $2.84 trillion.

According to CryptoSlam data, NFT sales volume has grown to $121.5 million, marking a 15.27% increase from the previous week. However, market participation has contracted sharply, suggesting larger trades from fewer participants.

The weekly metrics reveal contrasting trends:

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

Ethereum sales jump, but buyer numbers drop

Ethereum (ETH) sales jumped 50.76% to $37.6 million, though buyer numbers dropped 69.09% to 15,471. Wash trading rose 39.46% to $3.9 million.

Bitcoin (BTC) saw a decline of 17.21% to $21.0 million. Solana (SOL) moved up to third place with $18.0 million, growing 51.24%. Mythos Chain held fourth with $15.2 million, up 2.84%, while Polygon (POL) dropped to fifth with $13.5 million, down 7.98%.

When it comes to the top collections, Courtyard maintained its lead with $11.7 million, despite a 6.18% drop. The Polygon-based project continued strong activity with 141,076 transactions.

DMarket climbed to second with $10.1 million, growing 4.83% and keeping solid volume with 351,203 transactions. Paradise, a Solana collection, burst into third place with $9.8 million, posting a 292.14% increase.

CryptoPunks made a major comeback, jumping to fourth with $7.1 million, surging 519.26%. BRC-20 NFTs took fifth with $7.1 million, up 173.4%.

Pudgy Penguins showed signs of recovery in seventh place with $2.4 million, climbing 54.82% with increases across all metrics.

The week was marked by several high-value sales:

• CryptoPunks #4464: $2,196,232 (1011 ETH)
• Uncategorized Ordinals #7d0: $1,321,676 (14 BTC)
• CryptoPunks #8868: $646,201 (288.88 ETH)
• CryptoPunks #364: $342,136 (160 ETH)
• SuperRare #38335: $219,441 (100 ETH)