NFT sales slip 7.8% to $109m, CryptoPunks sales reverse 55%

The NFT market has pulled back alongside deepening crypto weakness, with Bitcoin falling to $83,000 and Ethereum dropping to $1,900.

The overall crypto market cap has shrunk further to $2.73 trillion from last week’s $2.83 trillion.

Non-fungible token sales volume has decreased to $109.2 million, according to CryptoSlam data. That’s a 7.84% decline from the previous week. However, market participation metrics tell a very different story, with buyer and seller numbers surging dramatically.

The weekly data reveals these contrasting trends:

Sales volume fell to $109.2 million from $121.5 million

Buyers soared 697.00% to 204,693

Sellers jumped 419.23% to 133,708

Transactions decreased 5.46% to 1,497,932

Courtyard maintained its lead with $12.2 million in sales, up 3.63%. However, its transaction count fell 33.56% to 93,805.

DMarket held second place with $9.8 million, down 2.40% and keeping high volume with 316,386 transactions. BRC-20 NFTs dropped to third with $5.6 million, falling 23.41%.

Quantum Cats, a new Bitcoin collection, surged to fourth place with $3.9 million, up 349.19%. CryptoPunks fell to fifth with $3.1 million, dropping 55.55%.

Paradise slid to sixth with $2.7 million, down 72.58%. Guild of Guardians Heroes took seventh with $2.2 million, falling 32.65%, while Pudgy Penguins occupied eighth with $2.1 million, down 11.44%.