Sales of non-fungible tokens (NFTs) this week fell 10.88% less than the previous week. Approximately $118.02 million worth of NFTs were sold this week compared to last week’s $132.43 million. Moreover, the two largest NFT groups with the largest market capitalization have shed significant value over the past seven days. While Bored Ape Yacht Club’s market valuation lost 21.29%, Cryptopunks’ market cap fell by 19.18%.
NFT sales and prices fell
The NFTs had a lackluster week as sales and prices followed in sync with lower prices for crypto assets. Statistics show that a large number of NFT clusters have lost significant market value over the past week. For example, metrics show that the floor value of the Bored Ape Yacht Club (BAYC) on September 13, 2022 was $114,388 and today, the floor is worth about $90,026. BAYC’s market valuation on September 13 was $1.14 billion, and today it is down 21.29% to $900.25 million.
Data shows that the second most expensive NFT floor value belongs to Cryptopunks on September 13th, and that is still the case today. However, the cheapest Cryptopunk last week was around $98,941, but today you can get one for $79,960. Cryptopunks market capitalization is down 19.18% over the past week. The same can be said for the majority of premium NFT sets such as PROOF Collective, Mutant Ape Yacht Club (MAYC), Castaways and Doodles.
The seven-day stats show that the BAYC NFT group is the aggregator of this week’s highest sales, with $8,603,290 recorded in trades. BAYC sales increased 17.33% and the second largest NFT group in terms of weekly sales is RENGA. RENGA NFT Group managed to print $5,822,323 in seven days of sales, up 121.08% from last week. Overall, however, NFT sales across 17 blockchains monitored by cryptoslam.io are down 10.88% less than last week.
Ethereum (ETH) had the highest number of NFT sales and Solana (SOL) had the second highest number of digital collectible sales this week. Despite this, ETH-based NFT sales fell 1.66% less than last week with $79.05 million in seven-day sales. SOL-based NFT sales this week fell 42.11% less than last week with $23.71 million. Both Flow and Immutable X saw a slight increase in NFT sales. Flow NFT sales jumped 59.42%, and Unchanged X NFT sales saw a significant increase of 790.96%.
The five most expensive NFTs sold this week from the BAYC range include Bored Ape #441, Bored Ape #2897, Bored Ape #5733, Bored Ape #4179 and Bored Ape #1846. Bored Ape #441 sold for 351,000 DAI and Bored Ape #2897 It was sold for 215.38 Ether, or $296,404. Bored Ape #5733 sold three days ago for 120 ether, or $176,458, and Bored Ape #4179 for 123 ether, or $176,307. Finally, the fifth most expensive, Bored Ape #1846, sold for 106 ether or $151,939 four days ago.
What do you think about this week’s NFT sales dropping more than 10% less than last week’s sales? Tell us what you think about it in the comments section below.
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