NFT Sales Drop 16%, Which Collections Are Most Wanted?

Liputan6.com, Jakarta There was a significant decline for the non-fungible token (NFT) market last week, causing sales to fall nearly 16% due to a 17% surge the previous week. The Ethereum (ETH) network led the way with USD 39.28 million in sales, a significant increase of 14.48% from the previous week.

This surge was accompanied by a marked increase in the number of active buyers in the Ethereum NFT space which increased by almost 48% to reach 23,586. The network also saw an increase in wash trading, up 35.49% to over USD 34 million.

According to Crypto News, Monday (17/6/2024), the highest sale last week came from the Ethereum blockchain, with an NFT selling for USD 587,194. Bitcoin Ordinal, Protoshroom #6, changed hands for USD 237,373, while Polygon TTAvatars #128003 was priced at USD 100,500.

Solana's DeezNode #052 sold for USD 77,839, beating the BNB NFT, Ape Treasury Bill V2 V3 #12668, which sold for USD 31,516. Among the collections, Immutable's Guild of Guardians Avatars had the highest sales volume in the past seven days, generating more than USD 8.1 million in 1,614 transactions.

Following, PIZZA NFT Bitcoin generated USD 7.3 million, which is a drastic drop of 60% from the previous week.

A new name in the top five collections ranked by sales volume is Ethereum Name Service (ENS), which secured third place with over USD 5.3 million worth of NFT sales. The numbers show an incredible jump of 1022%, with money coming from just 295 buyers.

The DMarket collection on Mythos earned USD 4.6 million from nearly 190,000 transactions, while Bitcoin Puppets from the Bitcoin network earned the #5 position with sales of around USD 2.7 million.