Ah, the NFT market, that whimsical bazaar of digital oddities, has taken a rather unfortunate tumble, much like a clumsy dancer at a wedding. With Bitcoin now languishing at a mere $83,000 and Ethereum sulking at $1,900, one might wonder if the crypto gods have decided to take a vacation.
In a shocking twist of fate, the overall crypto market cap has shrunk to $2.73 trillion, down from last week’s robust $2.83 trillion. It seems the digital coins are on a diet, and not the healthy kind.
According to the ever-reliable CryptoSlam data, non-fungible token sales volume has plummeted to $109.2 million, marking a 7.84% decline from the previous week. But fear not, dear reader! The number of buyers and sellers has surged, as if they were all suddenly struck by a collective case of FOMO.
Let us delve into the weekly data, which reveals a tale of two markets:
- Sales volume fell to $109.2 million from $121.5 million—oh, the humanity!
- Buyers soared by a staggering 697.00% to 204,693—clearly, they missed the memo about the decline.
- Sellers jumped 419.23% to 133,708—because who doesn’t love a good panic sell?
- Transactions decreased by 5.46% to 1,497,932—perhaps they were all too busy scrolling through memes.
Ethereum and Solana: A Tale of Woe
- Ethereum (ETH) sales dropped 11.28% to $32.7 million, yet buyers more than doubled, rising 103.27% to 31,517. Wash trading, however, took a hit, decreasing by 28.96% to $2.9 million—what a twist!
- Bitcoin (BTC) decided to swim against the tide, increasing by 4.63% to $22.8 million. A true rebel!
- Mythos Chain fell slightly by 1.78% to $15.0 million, still clinging to third place like a cat on a hot tin roof.
- Polygon (POL) grew by 1.63% to $13.8 million, taking fourth position—perhaps it’s the underdog we never knew we needed.
- Solana (SOL) slipped dramatically by 43.44% to $10.1 million, leaving us all wondering if it tripped over its own feet.
Collection Rankings: A Comedy of Errors
In a surprising turn of events, Courtyard maintained its lead with $12.2 million in sales, up 3.63%. However, its transaction count fell 33.56% to 93,805—perhaps they were too busy celebrating to actually sell anything.
DMarket held second place with $9.8 million, down 2.40%, yet it kept high volume with 316,386 transactions. BRC-20 NFTs dropped to third with $5.6 million, falling 23.41%—a classic case of “what happened?”
Quantum Cats, a new Bitcoin collection, surged to fourth place with $3.9 million, up 349.19%. Meanwhile, CryptoPunks fell to fifth with $3.1 million, dropping a staggering 55.55%. Talk about a fall from grace!
Paradise slid to sixth with $2.7 million, down 72.58%. Guild of Guardians Heroes took seventh with $2.2 million, falling 32.65%, while Pudgy Penguins waddled into eighth with $2.1 million, down 11.44%—a true spectacle of decline.
The week’s top sales included:
- Beeple Special Edition #100020001: $464,480 (464,480 USDC)
- Beeple Special Edition #100020001: $441,000 (441,000 USDC)
- Known Origin #30101: $390,000 (390,000 USDC)
- CryptoPunks #4220: $251,307 (134.69 ETH)
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2025-03-15 15:03