The NFT Market Takes a Big Ol’ Plunge!

Well, folks, hold onto your digital wallets because the NFT sales volume just dropped like it’s hot! We’re talking a nosedive of 14.06%, landing at a rather sad $84.44 million. Just last week, we were riding high at $98.18 million – oh, how the mighty have fallen!

Buyers and Sellers Are Vanishing!

According to our buddies at CryptoSlam, it seems market participation has hit rock bottom. We’ve seen NFT buyers plummet by a staggering 96.76%. That’s just 20,302 people buying NFTs! And as for sellers? They’ve dipped by 95.05%, leaving us with 23,241 sellers feeling a little lonely with their digital art. NFT transactions? They slipped down by 4.21% to 1,405,561. Cue the sad trombone!

Bitcoin and Ethereum Joining the Party of Despair

If it couldn’t get any worse (but trust me, it just might), Bitcoin has also taken a hit, slipping down to the $102,000 level. Meanwhile, Ethereum has dropped below the magic $3,400 mark. It’s a gloomy day in crypto-land as the entire global crypto market cap has gone down from $3.71 trillion to $3.48 trillion. Someone pass the tissues!

Where’s the Cash Flowing? Check This Out!

Now, let’s check out who is still managing to swim while others are sinking:

• DMarket on the Mythos blockchain: Leading the pack with $6.88 million in sales. Up 15.85% from last week! 247,448 transactions have drawn in 16,575 buyers and 13,544 sellers.
• DX Terminal on Base: A solid second place with $5.11 million, but down 13.38% from last week. It saw 318,595 transactions and a crowded house of buyers and sellers.
• Pudgy Penguins: Yeah, those chubby little guys managed to snag $4.38 million, but it’s still a drop of 12.95%. Just 215 transactions took place, which is a bit sad, right?
• CryptoPunks: Once the king of the hill, now they’re sitting at fourth place with $3.30 million… a drop of 25.47% from last week. Just 28 transactions– talk about a party crash!
• Courtyard on Polygon: Making waves with a 54.88% surge, hitting $2.91 million. Looks like some are still getting lucky!
• Bored Ape Yacht Club: Had a rough tumble to $2.81 million, which is a dramatic drop of 46.55%. Poor apes!
• Guild of Guardians Heroes: They got $2.48 million but that’s down 35.97% from last week. Someone check on them!

Ethereum and Bitcoin: Who’s Still Going Strong?

Ethereum is still clinging to the top with $32.97 million in sales, though it’s a 21.41% drop from last week’s shine. And here’s a wild fact: it racked up $4.64 million in wash trading, bringing its total to $37.60 million. Buyers? Down 76.91%. Ouch!

Bitcoin? Yep, they’re holding down the second spot with $9.15 million, a 15.65% drop from $11.55 million last week. But here’s the kicker: zero buyers. Yikes!

Base has taken a spill, too, sitting at $7.32 million. That’s a 31.37% drop, and guess what? Zero buyers again!

Meanwhile, Mythos Chain emerged from the shadows, climbing to fourth place with $7.10 million. And guess how many buyers? Zero. Surprised? Nah!

BNB Chain is still flexing with $6.15 million, up 12.75% from last week. That’s great, but zero buyers… hmmm!

Solana is feeling the heat, dropping to $5.12 million, and guess what? You got it—zero buyers!

New kid on the block, Polygon, is popping in at seventh with $4.50 million. Not too shabby, huh?

The CryptoPunk Chronicles!

Fun fact: CryptoPunks dominated the top individual sales, snagging all five positions. They might be down and out, but they’re still holding the crown in spirit!

Final Thoughts

So there you have it, folks! The NFT world is looking a bit rough these days, but who knows what tomorrow will bring? Just keep your eyes peeled and your wallets ready. Remember, in crypto, it’s always a rollercoaster ride!