#NFTNEWS
NFT sales plummet 33% to $119.5m, Pudgy Penguins still in lead.
The NFT market has pulled back sharply alongside a broader crypto selloff, with Bitcoin falling to $96,000 and Ethereum tumbling to $2,600.
The latest data shows that the overall crypto market cap has contracted to $3.13 trillion from last week’s $3.5 trillion.
According to CryptoSlam data, NFT markets have cooled this week as both prices and trading activity fell. The total sales volume reached $119.5 million — a 33% drop from the previous week’s activity.
The market data shows an ongoing pullback in trading:
NFT sales volume has fallen to $119.5 million from $137.9 million
Wash trading on Ethereum Ethereum
-6.33%
Ethereum decreased 58.47% to $23.7 million
Total NFT transactions declined, with most major collections seeing lower activity
