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NFT Sales Surge: Weekly Transactions Hit $109M

Over the past week, non-fungible token (NFT) sales have surged, even as the broader crypto market experienced a significant decline. Approximately $109 million in NFT sales were recorded, marking an 8.1% rise from the previous week.

Top NFT Transactions of the Week

NFT sales rebounded impressively in the past seven days. The highest-priced NFT of the week was Cryptopunk #2, which sold for $386,916. Solana’s Boogle #089 fetched $191,517, while Arbitrum’s GUSDC Locked Deposit #201 sold for $90,744. These significant transactions highlight the ongoing interest and investment in the NFT market.

Ethereum Leads Blockchain-Based NFT Sales

Ethereum continues to dominate blockchain-based NFT sales, totaling $36.48 million over the week, a 14.04% increase from the previous week. Solana followed with $22.46 million in sales, reflecting a remarkable 39.03% growth. Polygon secured the third position with $19.66 million in sales, despite a slight 5.36% decrease. Bitcoin, in fourth place, saw $15.72 million in sales, down 14.7%.

Notable Performers in the NFT Space

Mythos ranked fifth this week with $4.21 million in NFT sales, experiencing a 4% decrease from the prior week. However, Mythos’ Dmarket NFT collection led in volume, amassing $3.95 million. Pudgy Penguins claimed the second spot for top collections with $3.32 million, followed by Base Ape Polygon with $3.17 million in sales.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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