This week’s non-fungible token (NFT) sales were down 10.88% from the previous week. About $118.02 million worth of NFTs were sold this week, compared to last week’s $132.43 million. Additionally, his NFT collection, the top two with the largest market capitalization, has lost significant value over the past seven days. Bored Ape Yacht Club’s market value fell 21.29%, while Cryptopunks’ market cap fell 19.18%.
NFT Sales and Prices Plunge
NFT had a lackluster week as sales and prices continued in sync with the decline in crypto asset prices. Statistics show that a number of NFT collections have lost significant market value over the past week.For example, the metric is that her Bored Ape Yacht Club (BAYC) floor value on September 13, 2022 is $114,388 And today the floor value is approx. $90,026On September 13, BAYC’s market valuation was $1.14 billion, down 21.29% to $925 million today.
According to the data, the second highest NFT floor value belonged to Cryptopunks on September 13th, and that’s still true today. However, while last week’s cheapest Cryptopunk was around $98,941, today he’s available for $79,960. Cryptopunks’ market cap plunged 19.18% over the past week. The same goes for most of the fine NFT collections such as PROOF Collective, Mutant Ape Yacht Club (MAYC), Castaways, Doodles, and others.
The BAYC NFT Collection rounded out the week’s top sales, with $8,603,290 in transactions recorded, according to 7-day stats. BAYC’s sales increased by 17.33% and his second largest NFT collection by weekly sales is RENGA. The RENGA NFT collection printed $5,822,323 in his 7-day sales, up 121.08% from last week. Overall, however, his NFT sales across the 17 monitored blockchains were cryptoslam.io is down 10.88% from last week.
Ethereum (ethereum) is the top selling NFT, while Solana (SOL) is the second highest selling digital collection this week. However, his ETH-based NFT sales were down 1.66% from last week, with seven-day sales for him at $79.05 million. SOL-based his NFT sales this week dropped 42.11% from last week to $23.71 million. Both Flow and Immutable X saw an increase in NFT sales. Flow NFT sales increased by 59.42% and Immutable X NFT sales increased significantly by 790.96%.
The top five most expensive NFTs sold this week are all from the BAYC collection and include Bored Ape #441, Bored Ape #2897, Bored Ape #5733, Bored Ape #4179, and Bored Ape #1846. Bored Ape #441 sold for 351,000 DAI and Bored Ape #2897 sold for 215.38 Ether or $296,404. Bored Ape #5733 sold three days ago for 120 Ether or $176,458 and Bored Ape #4179 sold for 123 Ether or $176,307. Finally, the fifth most expensive Bored Ape #1846 sold four days ago for 106 Ether or $151,939.
What do you think about this week’s NFT sales being over 10% lower than last week’s sales? Let us know what you think about this in the comments section below.
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