This week’s sales of non-fungible tokens (NFTs) were 10.88% less than last week. Roughly $118.02 million worth of NFTs were sold this week compared to last week’s $132.43 million. In addition, two of the most valuable NFT collections lost substantial value in the past seven day. While Bored Ape Yacht Club’s market valuation lost 21.29%, Cryptopunks’ market cap slid by 19.18%.
NFT Pricing and Sales
NFTs suffered a poor week due to falling crypto assets prices. According to statistics, a lot of NFT collection’s have seen their market values drop over the last week. For instance, metrics show that Bored Ape Yacht Club’s (BAYC) floor value on September 13, 2022, was $114,388 and today, the floor value is around $90,026. BAYC’s market valuation on September 13 was $1.14 billion and today it’s down 21.29% to $900.25 million.
Data shows that the second most expensive NFT floor value belonged to Cryptopunks on September 13, and that’s still the case today. Although the last Cryptopunk cost $98,941, you can still get it today for $79,000. Cryptopunks’ market cap has nosedived 19.18% lower during the past week. Similar results can also be seen in a number of blue chip NFT collection such as PROOF Collective (MAYC), Mutant Ape Yacht Club(MAYC), Castaways and Doodles.
Seven-day statistics show that the BAYC NFT collection is the compilation with this week’s top sales, as $8,603,290 in trades were recorded. BAYC has seen 17.33% increase in sales, and RENGA is the 2nd largest NFT collection according to weekly sales. 582,323 NFT sales have been made by RENGA, an increase of 121.08% over last week. However, overall NFT sales on 17 blockchains tracked by cryptoslam.io have fallen 10.88% from last week.
Solana, (SOL), and Ethereum (ETH) were the most successful NFT sellers this week. ETH-based NFT sales were $79.05 million less than last week. SOL-based NFT purchases are at 42.11% below last week’s $23.71 million. NFT sales saw increases in both Immutable X and Flow. The Flow NFT sale rose 59.42% and the Immutable X NFTs sales rose by significant 790.96%.
Bored Ape #441 was the top-selling NFT this week. It also included Bored Ape #15733, Bored Ape #5733 as well as Bored Ape #4179 and Bored Ape #11846. Bored Ape #441 was sold at 351,000 DAI, and Bored Ape #29897 went for 215.38ether (or $296.404). Bored Ape #5733 sold for 120ether, $176,458, while Bored Ape #4179 was purchased for $176.307. The fifth-most expensive Bored Ape, Bored Ape #1846, sold four days ago for 106ether, or $151,939
What do you think about this week’s NFT sales dropping more than 10% lower than last week’s sales? Comment below and let us know how you feel about the subject.
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