NFT sales nosedive to $72.5M, while Bored Ape Yacht Club recovers 37%

Market participation has surged, with NFT buyers climbing by 77.11% to 293,459 and sellers jumping by 106.26% to 284,166. NFT transactions fell by 12.67% to 940,416.

This drop in NFT market performance happens as crypto prices have gone down. Bitcoin price has crashed to the $84,000 level as market has reversed course.

Ethereum has lost the $2,800 level and extended its drop. The global crypto market cap has plummeted to $2.87 trillion, down from last week’s $3.26 trillion.

Bored Ape Yacht Club bounces as Algebra declines

Algebra Positions NFT-V2 on Ethereum maintained first place with $7.26 million in sales, down 7.09% from last week’s $7.81 million. The collection processed 511 transactions with 135 buyers and 106 sellers.

DMarket on the Mythos blockchain held second position at $6.67 million, essentially flat with a 0.09% decline from last week’s identical $6.67 million. The collection recorded 197,923 transactions with 15,185 buyers and 13,188 sellers.

Courtyard on Polygon surged to third place with $2.97 million, up 32.58% from last week’s $2.24 million. The collection processed 47,241 transactions with 12,558 buyers and 1,276 sellers.

Pudgy Penguins climbed to fourth with $2.76 million, up 2.26% from last week’s $2.79 million. The Ethereum collection saw 179 transactions with 113 buyers and 95 sellers.

CryptoPunks secured fifth position at $2.32 million, up 12.57% from last week’s $1.95 million. The collection had 23 transactions with 17 buyers and 19 sellers.

Bored Ape Yacht Club made a strong comeback at sixth with $1.98 million, surging 37.35% from last week. The Ethereum collection recorded 99 transactions with 60 buyers and 62 sellers.

Ethereum declines as BNB Chain buyers surge

Ethereum maintained first position with $31.08 million in sales, down 6.02% from last week’s $33.71 million.

The network recorded $2.22 million in wash trading, bringing its total to $33.30 million. Buyers increased by 7.86% to 24,217.

BNB Chain held second place with $9.22 million, up 6.24% from last week’s $8.66 million. The blockchain recorded $19,490 in wash trading, bringing its total to $9.24 million. Buyers surged by 160.17% to 25,034.

Bitcoin dropped to third with $7.03 million, down 7.78% from last week’s $8.18 million. The network saw 9,600 buyers, up 85.61%.

Mythos Chain placed fourth at $6.81 million, up 0.23% from last week’s $6.84 million. The blockchain attracted 30,134 buyers, up 79.00%.

Polygon  secured fifth position with $4.02 million, up 21.83% from last week’s $3.26 million.

The blockchain recorded $7.51 million in wash trading, bringing its total to $11.54 million. Buyers surged by 175.17% to 59,885.

Immutable landed in sixth at $3.20 million, down 24.29% from last week’s $4.19 million. The blockchain had 4,237 buyers, up 135.52%.

Solana placed seventh with $3.15 million, plummeting 41.02% from last week’s $5.50 million. The network recorded 28,110 buyers, up 114.33%.

Source: https://crypto.news/nft-sales-nosedive-to-72-5m-bored-ape-recovers/