Crypto Chaos: NFTs Plummet While Ethereum Soars Like a Drunken Space Whale! 🚀

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In a turn of events that could only be described as utterly predictable, the NFT market has taken a nosedive, plummeting by a staggering 16.76% to a mere $105.7 million. Yes, you heard that right! A drop so significant, it could make a black hole blush.

Meanwhile, Bitcoin (BTC) has decided to play a game of limbo, sliding down to $103,000 after briefly flirting with a new all-time high of $111,000. Ethereum (ETH), on the other hand, has shown a mild drop to the $2,500 level, which is about as exciting as watching paint dry on a rainy day. The global crypto market cap now stands at $3.25 trillion, down from last week’s $3.42 trillion, which is a bit like losing your wallet in a black hole.

According to the ever-reliable data from CryptoSlam, despite the overall decline, NFT buyers have increased by 55.35% to a whopping 699,471. Yes, folks, more people are buying NFTs than ever before, proving that the universe has a sense of humor. NFT sellers have also risen by 19.22% to 242,898, and NFT transactions have surged by 34.31% to 2,233,547. It’s like a cosmic joke that just keeps getting funnier!

Ethereum NFT Sales Jump 30% 🚀

Ethereum has flexed its digital muscles with $36.5 million in sales, a jump of 28.43% from the previous week. However, in a plot twist worthy of a soap opera, Ethereum’s wash trading has decreased by 23.31% to $1.6 million. Polygon (POL) is still hanging in there with $15 million in sales, despite a 25.88% decline. Mythos Chain, bless its heart, holds the third position with $13.5 million, down 3.39%. It’s like watching a race where everyone is tripping over their own feet.

Bitcoin, the granddaddy of them all, sits in fourth place with $13.2 million, having fallen 27.10% from last week. Immutable (IMX) has crashed into the top five with $7.3 million, down 15.93%. Solana (SOL) rounds out the top six with $7.2 million, showing a growth of 17.78%, which is about as surprising as finding a towel in a spaceship.

The buyer count has increased across most blockchains, with Polygon leading the charge at 43.72% growth, followed closely by Solana at 37.39% and Bitcoin at 33.34%. It’s like a digital stampede!

Courtyard on Polygon retains the top position in collection rankings with $12.4 million in sales, despite a 13.91% drop. The collection has seen a surge in sellers, up a mind-boggling 1,196.53%. DMarket is second with $8.3 million, down 5.33%, while Guild of Guardians Heroes is third with $5 million, down 14.58%. It’s a veritable rollercoaster of numbers!

A notable newcomer, STRAT Option on Ethereum, has burst onto the scene with $4.7 million in sales, experiencing a growth of 18,945,794.34%. Yes, you read that right! Transactions are up 2,300% and buyers up 1,900%. It’s like watching a supernova explode!

Bitcoin’s BRC-20 NFTs complete the top five with $4.6 million, having dropped 24.06%. The collection has seen decreases across all metrics, including transactions (17.56%), buyers (24.93%), and sellers (33.22%). It’s a cosmic tragedy!

Notable high-value sales from this week include:

  • CryptoPunks #1831 sold for 150 ETH ($389,846)
  • CryptoPunks #4868 sold for 76.5 ETH ($201,933)
  • CryptoPunks #5586 sold for 70.07 ETH ($185,292)
  • CryptoPunks #308 sold for 69 ETH ($174,683)
  • CryptoPunks #9494 sold for 66 ETH ($169,021)

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2025-05-31 22:04