The post NFT sales suffer, Pudgy Penguins plunge: Here’s the latest appeared on BitcoinEthereumNews.com.

The NFT market continues its downward trend even as crypto prices stabilize, with Bitcoin edging up to $97,000 while Ethereum holds steady around $2,688 (see below). Source: CoinGecko The broader crypto market has seen a modest recovery, with the total market cap rising to $3.24 trillion from last week’s $3.13 trillion. New traders show interest despite lower volumes According to CryptoSlam data, NFT (non-fungible token) sales volume has fallen to $112.7 million. That’s a 35.15% decline from the previous week. However, the market has seen a notable surge in participation, suggesting growing interest from new traders despite lower overall values. The market data shows an interesting contrast between volume and participation: NFT sales volume dropped to $112.7 million from $119.5 million NFT buyers surged 624.41% to 203,994 NFT sellers increased 519.61% to 158,805 NFT transactions declined slightly by 1.41% to 1,443,007 Ethereum NFT sales volume drops 41.25% Source: Blockchains by NFT Sales Volume (CryptoSlam) Ethereum (ETH) remains the market leader but saw sales fall 41.25% to $56.0 million. The network’s wash trading dropped 78.20% to $12.0 million, though buyer numbers rose 81.43% to 30,598. Mythos Chain held second place with $13.9 million in sales, up 4.66%. Solana (SOL) maintained the third position with $11 million despite a 32.56% decrease. Polygon (POL) showed strength in fourth place with $8.1 million, growing 10.76%. Bitcoin (BTC) dropped to fifth with $6.7 million, falling 71.42%. DMarket leads the NFT sales DMarket has taken the lead with $8.7 million in sales, up 7.98%. The collection maintained strong activity with 322,241 transactions and 24,413 buyers. Courtyard followed with $7.3 million, rising 25.78% and seeing buyer numbers jump 122.44%. CryptoPunks held third place with $5.2 million despite a 30.01% drop. Pudgy Penguins fell to fourth position with $5.1 million, declining 55.29%. Azuki rounded out the top five…

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Filed under: News - @ February 15, 2025 5:15 pm