NFTMarket

📅 August 8 | Solana / NFTverse
One of the most iconic photos in the crypto world—the one of the dog in a pink hat that inspired the memecoin $WIF (dogwifhat)—was auctioned as an NFT… but the sale disappointed the market: it sold for just $815,000, well below the $4.3 million the famous physical pink beanie cost at the time.
😬 From viral icon to hype-free NFT: the strange fate of the market's most famous dog
The image that sparked one of the wildest rallies in the Solana ecosystem has finally arrived on the NFT market: a portrait of a Shiba Inu dog wearing the original pink beanie, considered a key symbol in the meteoric rise of dogwifhat ($WIF ), the memecoin that reached $3.5 billion in market cap.
The NFT was sold through the Foundation auction house. Although some expected figures close to the high seven figures, the auction closed at 2,159 SOL, equivalent to about $815,000 at closing time.
Why such a difference?
💬 Some analysts believe that the $4.3 million previously paid for the physical pink beanie was a marketing ploy or extreme speculation, while the image's NFT has a more symbolic but less speculative value in this bearish market context.
📉 Furthermore, the NFT boom is far from its peak, and many collectors today prioritize utility over nostalgia.
📸 The photo was taken by artist Isaac “Lilherbie” B, who said the goal wasn't to make money, but to leave a visual legacy of the $WIF movement. “I wasn't expecting millions, I just wanted to immortalize the vibe of that era,” he commented on X.
Topic opinion:
The pink beanie was a symbol in its time. But today, in a more rational crypto market cycle, nostalgia alone isn't enough to move millions. The sale of the NFT for “only” $800,000 is also a reminder: storytelling adds value, but it doesn't guarantee it.
We are living in a time where NFT collecting needs new foundations: utility, narrative, and an active community. The $WIF story lives on, but this sale proves that euphoria is no longer so easily bought.
💬 Do you think this NFT deserved more value?
Leave your comment...
#dogwifhat #WIF #SolanaNFTs #NFTMarket #CryptoNews

🔹 After a slower period, the NFT market is bouncing back. Over the past seven days, total sales volume jumped by more than 14%, signaling renewed investor interest and market momentum.

🔹 Sales Hit $134 Million – Market Shifts Gears
The NFT sector showed strong recovery this week. According to CryptoSlam data, total weekly sales grew by 14.39%, reaching $134.3 million. Meanwhile, the number of active buyers surged by over 50%, crossing 1 million unique addresses. Sellers also increased by 8.9%.
Interestingly, the total number of NFT transactions dipped slightly by 2.94%, suggesting that individual trades carried more value.

🔹 Immutable Leads in Volume, Arbitrum in Buyer Growth
Among blockchains, Immutable extended its dominance, generating $46.1 million in sales – up 81.73% week-over-week. Ethereum followed with $26.9 million (+42.96%), and Polygon landed in third place with $16.9 million, though it experienced a decline of 24.73%.
A surprise standout was Arbitrum, which saw a 110.87% increase in buyers. Polygon (+35.63%) and Solana (+27.41%) also posted strong buyer growth.

🔹 Weekly Winners: Guild of Guardians and Gods Unchained
Leading all collections was Guild of Guardians Heroes, with $28.3 million in sales – up a massive 86.33%. The gaming project benefited heavily from Immutable’s rising momentum.
Courtyard on Polygon slipped to second place with $16 million in sales, down 3.31%, along with a 75% drop in buyers and nearly 89% drop in sellers.
Once seen as an NFT icon, CryptoPunks posted $2 million in sales, down 2.32%, with a 30% decrease in buyers and a 15% increase in sellers – showing some internal pressure.
In contrast, Bored Ape Yacht Club (BAYC) continued to perform well across the board: sales rose by 22.72%, transactions by 44.12%, and both buyers and sellers increased by roughly 44%.
The strongest growth came from Gods Unchained Cards, which saw sales soar by 102.88% to $7.79 million and buyer activity jump by nearly 50%, driven by 1,531 transactions.

🔹 OpenSea Remains the Dominant NFT Marketplace
According to Dune Analytics, OpenSea handled 88.9% of all Ethereum-based NFT transactions last week. Blur came in second with a 10.1% market share.

💬 Summary: NFT Market Gains Momentum as Major Players Return
After a period of stagnation, optimism is returning. Major blockchains are posting growth, gaming collections are drawing buyers, and trading volume is rising. If the trend continues, the NFT market may be entering a new upward phase.

#NFT , #CryptoNews , #NFTMarket , #Web3 , #DigitalAssets

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