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NFT market sales have surged amid mixed cryptocurrency price action, with Bitcoin reclaiming the $100,000 level while Ethereum retreated from the $4,000 level last week.
The global cryptocurrency market capitalization shrank slightly to $3.63 trillion from $3.67 trillion last week according to CoinMarketCap data.
According to the latest data from CryptoSlamthe NFT market rose by 16.36%, with total sales volume reaching $224.5 million. However, the data shows that the number of unique buyers decreased by 73.97% to 180,641.
Ethereum network sees 21% spike
Ethereum (Ethereum) Blockchain continues to dominate with sales of $118.9 million, showing a 21.33% increase compared to the previous period. The network saw a boom in wash trading, which increased by 117.35% to $43.8 million.
Bitcoin (Bitcoin) NFT ecosystem sales reached $51.8 million, representing a 14.79% increase. Network trading showed a moderate increase of 11.30%, indicating relatively cleaner trading activity compared to Ethereum.
Solana (Sol) strengthened its position with sales amounting to $21.4 million, a growth of 32.12%. Series of Myths (MYTH) and ImmutableX (Small and medium enterprises) completed the top five with sales of $10.9 million and $8.5 million, respectively.
The group rankings saw big changes: Pudgy Penguins – a group consisting of 8,888 unique penguin avatars – retained its first place. Its sales volume reached $30 million, an increase of 51.53% over the previous period.
Pudgy Penguins has evolved beyond just digital art; The brand is now exploring various licensing opportunities, including physical merchandise and toys inspired by NFT characters.
BRC-20 NFTs maintain strong performance with $15.5 million in sales, showing a 54.63% increase. A notable new entrant, LilPudgys, showed a sales increase of 1,021.54%, to $13.5 million.
Azuki and Guild of Guardians Heroes rounded out the top five, with Azuki showing particular strength with a 179.46% increase in sales.
Notable individual sales this week include:
- SuperRare #37380 sold for $425,103 (108.3 WETH)
- Symbolic engravings #319 sold for $394,317 (100 WETH)
- BOOGLE #HtZnzPMtm2LvtZUwuft sold for $261,004 (AU$1,235.02)
- CryptoPunks #735 sold for $254,665 (68 ETH)
- Symbolic engravings No. 172 sold for $224,820 (USD $224,820).
