NFT sales drop to $138m, Pudgy Penguins sales soar 39% week-over-week#NFTDreams

The NFT market has pulled back alongside broader crypto weakness, with Bitcoin falling to $101,000 and Ethereum dropping to $3,200.

Latest CoinMarketCap data shows that the overall crypto market cap has slipped to $3.5 trillion from last week’s $3.58 trillion.

According to CryptoSlam data, NFT sales volume has fallen 29.45% to $138 million this week. Despite the drop in total sales, market participation has grown, with more traders entering the space.

The weekly metrics tell a mixed story:

NFT sales volume fell to $137.9 million from $198.1 million

NFT buyers rose 31.92% to 589,960

NFT sellers increased 33.23% to 425,135

Transactions declined 4.35% to 1,412,615

Ethereum NFT sales drop, Mythos Chain sales rise

Ethereum Ethereum eth -2.73%

Ethereum NFT sales dropped 40.35% to $67.9 million, though buyer numbers grew 20.59% to 58,632. Wash trading fell 57.40% to $28.8 million.

Bitcoin Bitcoin btc -2.53%

Bitcoin NFTs saw a 32.45% decline to $17.4 million, while buyer participation rose 35.12% to 46,714.

Mythos Chain jumped to third place with $13.6 million, rising 4.13%.

Solana Solana sol -5.12%

Solana fell to fourth with $12.4 million, down 39.21%.

Polygon POL (ex-MATIC) pol -4.07%

POL (ex-MATIC) entered the top five with $8.1 million, posting an 85.18% increase.

NFT collections show mixed results

Pudgy Penguins took the lead with $13.9 million in sales, up 38.49%. Their surge brought more activity, with transactions rising 106.21% and buyers up 20.80%.

DMarket held second place with $8.5 million, growing 7.30% and maintaining high volume with 307,776 transactions. Azuki dropped to third with $7.3 million, falling 74.73%.

Courtyard, a new entrant on Polygon, claimed fourth place with $7.2 million, surging 155.57%. CryptoPunks rounded out the top five with $5.7 million, down 31.19%.