NFT Market Crashes: CryptoPunks Sales Plummet by 80%!

Although the cryptocurrency market is showing signs of a small revival, it’s worth noting that the sales volume in the NFT market has declined by 4.7%, reaching a total of $95.9 million.

Bitcoin‘s price has climbed back up to approximately $85,000. Meanwhile, Ethereum has seen a small increase of 2.4% over the past week and is currently trading around $1,600. The total value of all cryptocurrencies now stands at about $2.69 trillion, which is an uptick from last week’s $2.63 trillion figure.

It’s quite unusual: even though sales are decreasing, the number of people engaging in the market has significantly risen. Specifically, the number of NFT buyers has jumped by a staggering 96.6%, totaling 252,354. Similarly, the number of NFT sellers has expanded by 79.2% to reach 153,892.

NFT transactions have also risen by 10.4% during this period to 1,569,670.

Ethereum maintains its dominant position

Based on figures from CryptoSlam, it appears that the Ethereum blockchain continues to be the top platform for non-fungible token (NFT) transactions. Interestingly, there’s been a 38.7% decrease in total sales volume, with the figure now standing at approximately $21.6 million. Furthermore, the practice of wash trading on Ethereum has reduced by around 23%, with a current estimated value of $2.1 million.

Polygon (POL) solidified its second spot by recording a 21.5% growth in sales amounting to $21.1 million over the previous week. Meanwhile, Bitcoin moved up to third place with an impressive 42.2% rise in sales totaling $17.2 million.

Currently, Mythos Chain ranks fourth, having made sales of approximately $14.9 million – an increase of 5.4%. Meanwhile, Solana (SOL) completes the top five, reporting sales of around $6.8 million and showing a 7% recovery from its previous figures.

In a significant surge, the number of buyers has risen substantially on all leading blockchain platforms. Notably, Solana experienced the most substantial growth at approximately 133.7%, closely trailed by Bitcoin’s increase of around 128.9%. Polygon followed suit with an impressive 125% rise as well.

CryptoPunks sales plunge 80%

The courtyard on Polygon continues to lead in sales rankings, boasting a total of $19.5 million (an increase of 24.6% compared to the previous week). DMarket follows closely in second place, reporting a sale of $9.7 million, marking an 8.8% rise.

1. In the latest rankings, Guild of Guardians Heroes climbed to the third spot, earning approximately $3.8 million, marking a 3.6% increase. Meanwhile, Bitcoin’s BRC-20 NFTs moved into fourth place with $3.6 million in sales, showing an impressive surge of 42.1%.

As an analyst, I’ve noticed a significant shift in the NFT rankings this week, with CryptoPunks, one of the most renowned collections on Ethereum, sliding to sixth position. The total sales for this iconic collection have dropped dramatically, from $9.1 million last week to a current figure of merely $1.7 million, representing an 80.5% decline. This drop is reflected not only in the overall sales but also in the number of transactions (down by 51.2%), unique buyers (a decrease of 56.6%), and sellers (a decrease of 59.4%).

Regardless of a general downturn in CryptoPunk’s market value, it continues to dominate the highest NFT transactions. In fact, four out of the top five most expensive NFT sales were from the CryptoPunk collection. The fifth and most expensive sale was not a CryptoPunk; instead, SuperRare #10093 was sold for 255 Ether, equating to approximately $419,772 in U.S. dollars.

Other notable high-value sales include:

• CryptoPunks #3873 sold for 165 ETH ($259,514)
• CryptoPunks #1820 sold for 72.69 ETH ($118,299)
• CryptoPunks #1999 sold for 65 ETH ($103,110)
• CryptoPunks #7163 sold for 62.5 ETH ($99,167)

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2025-04-19 16:46