In the dynamic world of digital assets, non-fungible tokens (NFTs) experienced a downturn in the latest weekly sales, witnessing an 11.16% decrease from the preceding week. According to cryptoslam.io, the week’s aggregate sales amounted to $144.33 million. Bitcoin’s NFT sector contributed a significant $49 million, yet it saw a 14.65% reduction in sales.
Ethereum’s NFTs also felt the market’s contraction, with sales totaling $41.55 million, marking an 11.7% decline. In contrast, Solana’s NFTs, which ranked third, saw sales nearing $26 million, enjoying a slight 5.73% uptick.
Polygon’s network, as per cryptoslam.io, secured the fourth spot in NFT sales, amassing $9.66 million, though this represented a 14.2% fall from the previous week’s figures. Immutable rounded out the top five, with sales reaching $6.49 million, a notable increase of over 8%, showcasing a positive trend amidst the general market dip.
The week’s leading NFT collection was the eclectic Uncategorized Ordinals from the Bitcoin blockchain, with sales hitting $22.9 million despite a near 30% drop. Mythos’ Dmarket collection followed, earning $5.817 million but with a 17.24% decrease. Conversely, the Nodemonkes collection from Bitcoin observed a 10.56% rise in sales, totaling $4.77 million across 246 transactions.
Other collections making waves included Mad Lads, CryptoPunks, Degods, and Solana Monkey Business. Notably, the Mad Lads collection on Solana boasted the largest sales volume growth, with a 130% surge to $4.5 million.
The week’s most prominent individual NFT sale was Cryptopunk #3619, commanding a price of $627,991. Additionally, Solana’s Boogle #064 found a new owner for $192,124, while Mushroom #95 from the Bitcoin network garnered $135,096.
The ongoing sales decline signals a cautious approach among collectors, with Cryptoslam data revealing just over 145,000 active buyers, a significant 86% decrease from the previous week. This trend underscores the market’s current hesitancy and the need for vigilance among investors and enthusiasts alike.