NFT Sales Slip as Market Cools, Pudgy Penguins Take a Hit as the market closed out a lukewarm week, with total sales dropping 5.4% to $79.31 million, down from $84.44 million the previous week. Yet, activity across the ecosystem remained surprisingly strong—NFT buyers jumped nearly 990% to over 222,000, and sellers increased 715% to about 190,000, according to CryptoSlam. Interestingly, overall transactions moved in the opposite direction, falling 20.9% to around 1.09 million.
The broader crypto market didn’t help sentiment. Bitcoin slipped to the $96,000 zone as selling pressure intensified, and Ethereum slid under $3,200, deepening its recent downturn. With both giants losing ground, the overall crypto market cap contracted to $3.26 trillion, down from $3.48 trillion last week.
Algebra Positions NFT-V2 Surges, Pudgy Penguins Stumble
One of the week’s biggest surprises came from Algebra Positions NFT-V2 on Ethereum, which rocketed to the No. 1 spot with $7.81 million in sales—an eye-popping 807,352% jump. The project recorded 742 transactions involving 199 buyers and 90 sellers, putting it far ahead of its competitors for the week.
Meanwhile, DMarket on the Mythos chain cooled slightly, slipping to second place with $6.67 million in sales—down about 3.8% from last week’s numbers.
The popular Pudgy Penguins collection wasn’t as fortunate. Sales cratered nearly 37%, falling from $4.38 million to $2.79 million, making it one of the week’s steepest declines among major Ethereum-based projects.
Other key movers included:
- Guild of Guardians Heroes at $2.37 million (down 6.19%)
- Courtyard on Polygon at $2.24 million (down 23.2%)
- Panini America, which shot up 393% to $2.23 million
- CryptoPunks, falling almost 41% to $1.95 million, despite only 17 total transactions
Ethereum Leads Blockchains, BNB Chain Climbs
Ethereum maintained its lead among blockchains with $33.71 million in NFT sales, up nearly 5%. Including wash trading, the network’s total reached $36.37 million, with buyer numbers rising sharply by 70%.
BNB Chain jumped into second place with $8.66 million, a 28% weekly rise. Bitcoin, impacted by wider market pullbacks, dropped to third with $8.18 million in sales.
Further down the list:
- Mythos Chain: $6.84M (down 3.49%)
- Solana: $5.50M (up 12.27%)
- Immutable: $4.19M (down 2.98%)
- Polygon: $3.26M (down 28.77%), though it posted heavy wash-trading activity totaling nearly $10M
Top NFT Sales of the Week
High-value sales continued even with the market cooling:
- Autoglyphs #141 led the pack at $199,135 (56 WETH)
- V1 Cryptopunks Wrapped #7139 saw two big trades at $196,267 and $194,923
- CryptoPunks #6207 sold for $152,619
- CryptoPunks #4427 fetched $131,430
Even as overall volumes shrink, collectors are still paying top dollar for rare digital assets—suggesting the market may be cooling, but it’s far from silent.
Also Read: Strive Adds $162M in Bitcoin, Expands Treasury Amid Market Dip
