NFT sales see a surge of 22%, culminating in a total of $107 million, as Pudgy Penguins regain popularity
The NFT market is on a roll, with sales skyrocketing by a whopping 22.43% to a jaw-dropping $107.1 million. That’s not all! The buyer count has exploded by 33.82% to a staggering 523,950 users, and NFT sellers aren't far behind, increasing by a significant 20.75% to 269,713. Not to be outdone, NFT transactions have surged by 22.68% to a mind-blowing 1,711,931.
This boom can partly be linked to the recovery of Bitcoin’s price, which has zoomed back up to the $96,000 mark. Simultaneously, Ethereum has also showcased a 1.6% recovery, holding steady at the $1,800 level. The global crypto market cap has swelled to an impressive $3 trillion, up from last week's $2.97 trillion.
Now, let’s dive into the top NFT collections causing a stir. Ethereum still holds the largely undisputed lead with $26.3 million in sales, marking a 10.03% increase. Polygon, however, has surged to second place, raking in an impressive $19.8 million, exhibiting a staggering 102.45% growth. Mythos Chain lingers in third position despite a 3.93% sales decrease, with revenues totaling $14.5 million. Bitcoin clings to fourth place with $13.5 million, although it has suffered a 7.18% setback.
BNB Chain has stormed its way into the top five with $9.5 million in sales, jumping a pandemonious 160.48%. Solana maintains its position in the top six with $9.2 million and a modest 3.45% increase.
Moving on to the collection rankings, Courtyard on Polygon has snagged the top spot with $17.3 million in sales and an astonishing 98.93% increase. The collection saw transactions skyrocket by 91.39% and buyers surge by 91.91%. DMarket remains in second place, yet it has taken a 5.04% hit in sales. Guild of Guardians Heroes has climbed to third with $5.5 million and a robust 52.08% growth.
DKTNFT on BNB Chain has burst onto the scene in fourth place, with $4.8 million. The collection boasted an extraordinary growth of 334,637.93% in sales and a staggering 37,525% increase in transactions. CryptoPunks has slid to fifth place, dipping 16.73% in sales to $3 million. The collection saw declines across all metrics, including transactions (18.42%), buyers (58.82%), and sellers (46.15%).
Pudgy Penguins are showing strong signs of recovery, bolting up to seventh place with $2.4 million in sales and an eye-popping 65.87% growth. The collection saw an increase in transactions (24.10%) and sellers (28.07%), although buyer numbers remained relatively flat.
Some notable high-value sales from this past week include:
- Pudgy Penguins #6873, which fetched a hefty 200 WETH ($360,238)
- CryptoPunks #6472, which went for 144 ETH ($264,271)
- CryptoPunks #2892, which sold for 125 ETH ($231,157)
- BOOGLE #5DmKCchdChjStzLdsRVLMdSYzfB4w1ecdL5, which brought in 1,400.02 SOL ($203,520)
- Autoglyphs #168, which fetched an impressive 85 ETH ($155,713)
Last but not least, Senator Lummis claims that Trump supports the 1M Bitcoin strategic reserve bill. With such exciting developments in the NFT world and the broader crypto market, we can’t wait to see what the future holds!
- The surge in NFT sales is linked to the recovery of Bitcoin's price, which has reached $96,000.
- Ethereum, still leading the NFT market, has shown a 1.6% recovery, holding steady at the $1,800 level.
- Polygon has surged to second place in NFT collections, raking in $19.8 million, exhibiting a 102.45% growth.
- DKTNFT on BNB Chain saw an extraordinary growth of 334,637.93% in sales and a staggering 37,525% increase in transactions.
- Pudgy Penguins #6873 fetched a hefty 200 WETH ($360,238) in a recent high-value sale.
- Senator Lummis claims that Trump supports the 1M Bitcoin strategic reserve bill, hinting at ongoing political interest in the crypto technology.
