Data: Sales of NFTs Have Plunged by More Than 54% Over the Past Week

Over the course of the past week, NFT sales volume reached USD 25m, a drop of 54.6% compared to the earlier week, according to data by NonFungible.com. Similarly, the number of NFT sales, average value of NFTs, and secondary sales have all taken a plunge, dropping by 22.2%, 41.8%, and 56.7%, respectively. Blue-chip NFT collections have not been an exception. Sales of Yuga Labs’ Otherdeed NFTs, BAYC, Azuki, and MAYC have all dropped by more than 50% over the past week, according to data by CryptoSlam. Among the more popular blue-chip collections, Azuki NFT have been hit the most. Sales of the collection have dropped by around 77% over the past week, with a 74% drop in the number of new buyers.
Source

NFT

Related News
Quantum Cats NFT floor price plunges 54% post-Taproot Wizards mint Quantum Cats NFT floor price plunges 54% post-Taproot Wizards mint
Blur’s decline fuels OpenSea’s market share surge amid broader NFT struggles Blur’s decline fuels OpenSea’s market share surge amid broader NFT struggles
Sony’s Soneium debuts its first music NFT collection with crypto record label Sony’s Soneium debuts its first music NFT collection with crypto record label
Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation
Trump’s fourth NFT collection logs sales over $2 million, not tradable on secondary markets until 2025 Trump’s fourth NFT collection logs sales over $2 million, not tradable on secondary markets until 2025
Latest News More More
1 Day Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
6 Days Ago Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
June 17 Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more
June 13 XRP Ledger adopts USDC one week after Circle goes public
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open