NFT sales plummet 33% to $119.5m, Pudgy Penguins still in lead

The NFT market has pulled back sharply alongside a broader crypto selloff, with Bitcoin falling to $96,000 and Ethereum tumbling to $2,600.

The latest data shows that the overall crypto market cap has contracted to $3.13 trillion from last week’s $3.5 trillion.

According to CryptoSlam data, NFT markets have cooled this week as both prices and trading activity fell. The total sales volume reached $119.5 million — a 33% drop from the previous week’s activity.

The market data shows an ongoing pullback in trading:

NFT sales volume has fallen to $119.5 million from $137.9 million
Wash trading on Ethereum (ETH) decreased 58.47% to $23.7 million
Total NFT transactions declined, with most major collections seeing lower activity

Network activity shows mixed results

Ethereum remains the leading chain with $62.6 million in sales despite a 38.43% drop. The network saw buyer numbers fall 71.26% to 16,852, while wash trading decreased to $23.7 million.

Mythos Chain moved up to second place with $13.9 million in sales, growing 4.66%. Solana (SOL) held the third position with $11.0 million, falling 32.56%.

Polygon (POL) and Bitcoin (BTC) rounded out the top five with $8.1 million and $6.7 million, respectively, with Bitcoin seeing a steep 71.31% decline.

NFT sales plummet 33% to $119.5m, Pudgy Penguins still in lead - 1 — Source: Blockchains by NFT Sales Volume (CryptoSlam)

Pudgy Penguins maintain lead

Pudgy Penguins maintained its lead despite sales dropping 37.55% to $9.1 million. The collection saw steady buyer interest with 172 participants, though transactions fell 2.07%.

DMarket took second place with $8.7 million, rising 7.98% and keeping high volume with 322,241 transactions. Courtyard strengthened its position in third with $7.3 million, growing 25.78% and attracting 10,935 buyers.

CryptoPunks fell to fourth with $5.2 million, down 30.01%, while Azuki dropped to fifth with $5 million, seeing a 79.17% decrease in sales.

Notable sales this week included: