The NFT market had a rough week, with sales dropping sharply even though more people were still active.
Over the past seven days, NFT sales reached about $58.34 million. That’s a drop of a little over 20% compared to the previous week. What’s interesting is that even with lower sales, activity actually went up. The number of buyers jumped nearly 22% to around 296,000, and sellers increased almost 25% to about 270,000. At the same time, total transactions slipped slightly, down just over 4%.
This slowdown is happening while the wider crypto market is under pressure. Bitcoin has fallen back to around the $70,000 level, and Ethereum is sitting close to $2,000. Because of this pullback, the total crypto market value has dropped to $2.41 trillion, down from $2.83 trillion last week. This broader weakness is clearly weighing on NFTs, which have now seen sales fall for the second week in a row.
Ethereum still led all blockchains in NFT sales, bringing in nearly $35 million for the week. That’s down almost 24%, but the network still attracted more than 33,000 buyers, up about 20%. Wash trading on Ethereum came in at just under $3 million during this period.
Bitcoin ranked second, with $4.66 million in NFT sales. That’s a steep drop of nearly 33% from the previous week. Even so, the number of buyers on Bitcoin NFTs rose more than 17%, showing interest is still there despite lower prices.
Base took third place with $4.14 million in sales, posting a small gain of about 8%. BNB Chain followed with just under $4 million, down more than 20%, while Solana rounded out the top five with $2.61 million in sales and a small increase from last week. Solana also saw a big jump in buyers, up more than 56%. Immutable slipped to sixth place, with sales falling over 29%.
When it comes to collections, Flying Tulip PUT on Ethereum stayed on top, pulling in $11.41 million. However, that figure was nearly cut in half compared to the previous week. CryptoPunks made a strong comeback, landing in second place with $4.71 million in sales. That’s a massive jump of almost 147% after a weak performance the week before.
Other notable collections included a Base project in third place, Pudgy Penguins just behind it, and Bored Ape Yacht Club, which saw a big surge of nearly 60% in sales. TokenVestingPlans and Guild of Guardians Heroes also made it into the top rankings, with mixed results.
High-value sales were once again dominated by CryptoPunks. Three of the top five most expensive NFTs sold this week came from that collection. One CryptoPunk sold for over $265,000, another for nearly $140,000, and a third for just under $93,000. Other big sales included a Wrapped Ether Rock and an Autoglyph, both selling for over $100,000.
Overall, the message is clear. Prices and total sales are down as the crypto market struggles, but interest hasn’t disappeared. More buyers and sellers are still showing up, and blue-chip NFTs like CryptoPunks continue to attract serious money, even in a shaky market.
