🎥 NFT Market Takes a Hit! Bitcoin Leads Despite Sales Drop 📉 | Weekly Update 🎥
🔹 NFT sales hit $145 million this week, down 9%. This follows a trend, with four out of the top five blockchains seeing declines.
🔹 Bitcoin (BTC) led the pack, raking in $44.1 million in NFT sales, despite an 11% drop. Ethereum (ETH) followed with $38.4 million, though its real volume might be higher due to $34.2 million in wash trading.
🔹 Newcomer Blast joined the top five with $15.9 million, while Solana faced a steep 44.73% drop to $14.26 million. Polygon (MATIC) bucked the trend with a 20.37% increase to $12.14 million.
🔹 Top NFT Collections:
Uncategorized Ordinals: $16.4 million
Blast’s Fantasy Top: $15.93 million
Mythos’ Dmarket: $5.58 million
🔹 Big Sales:
CryptoPunk #741: $792,046
Ordinal inscription: $681,497
🔹 Buyer & Seller Surge: Number of NFT buyers up 166%, sellers up 139%, but transactions down 27.58%.
🔹 Legal Drama: Dolce & Gabbana faces a lawsuit over delayed NFT products, with their digital assets dropping 97% in value.
Stay tuned for more updates! 🚀💥 #NFT #Crypto #Bitcoin #Ethereum #Solana #Blockchain #NFTMarket #CryptoNews #Shorts
