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crypto.news 2025-03-01 11:44:15

NFT sales plummet 28.9% to $107m, Pudgy Penguins sales drop 80%

NFT sales plummet 28.9% to $107m, Pudgy Penguins sales drop 80%

The NFT market has fallen alongside a broader crypto selloff, with Bitcoin tumbling to $85,000 and Ethereum dropping to $2,200. According to CryptoSlam data, NFT markets saw total sales volume fall to $107.1 million, marking a 28.93% drop from the previous week . Despite the pullback in sales value, trader participation continued to grow. The weekly metrics tell a mixed story: NFT sales volume fell to $107.1 million from $152.9 million NFT buyers increased 36.02% to 456,874 NFT sellers grew 32.81% to 314,871 NFT transactions remained stable with a 0.86% rise to 1,566,183 You might also like: U.S. Congressman to host Tigran Gambaryan at State of the Union address Ethereum sales plunge Ethereum ( ETH ) sales plummeted 67.86% to $25.3 million, though buyer numbers rose 20.27% to 50,056. Wash trading fell 92.83% to $2.7 million. Bitcoin ( BTC ) moved against the trend with sales up 16.73% to $24.3 million and buyer numbers growing 30.71% to 30,203. Mythos Chain fell 4.79% to $14.7 million but held third place. Polygon ( POL ) jumped to fourth with $14.2 million, rising 45.35%, while Solana ( SOL ) took fifth with $12.1 million, up 12.41%. Source: Blockchains by NFT Sales Volume (CryptoSlam) Top collections see drop in sales Courtyard claimed the top spot with $12.1 million in sales, up 39.55%. The Polygon-based project saw 139,249 transactions though buyer numbers fell 24.05%. Ordinal Maxi Biz (OMB) surged to second place with $12.0 million, posting a 450.88% increase with buyer growth of over 2,000%. DMarket dropped to third with $9.5 million, down 6.30%. A newcomer, f(x) wstETH position, took fourth with $6.1 million, up 173.91%, while Guild of Guardians Heroes rounded out the top five with $3.1 million, growing 7.38%. Pudgy Penguins, previously a market leader, plunged to tenth place with sales of $1.6 million, dropping 80.69% with steep declines across all metrics. Notable sales this week included: Book.io – Dr. Jekyll and Mr. Hyde: $390,410 (600,000 ADA) Book.io – Dr. Jekyll and Mr. Hyde (second edition): $386,179 (600,000 ADA) CryptoPunks #1062: $177,517 (80 ETH) CryptoPunks #2948: $139,250 (52.5 ETH) Ordinal Maxi Biz (OMB): $110,374 (1.1442 BTC) The overall crypto market cap has dropped to $2.84 trillion from last week’s $3.18 trillion. Ethereum is down over 20% in the past seven days. See below. Source: CoinGecko Read more: Bitcoin is ‘still a very risk-on asset,’ Bloomberg’s Nicolle says

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