Ethereum NFTs Take A Short Rest – Start The New Week Down 28%

The
non-fungible
token
market
appears
to
have
taken
a
short
recess
after
experiencing
a
robust
bull
run,
marked
by
skyrocketing
trading
sales
volumes
and
floor
price
values.
The
NFT
market
retested
fresh
Bull
Run
last
week
after
Ethereum-based
non-fungible
token
collections
led
by
the
globally
acknowledged
Pudgy
Penguins
exploded
over
70%
in
trading
sales
volume
and
floor
price
value.

NFT
Sales
Fall
20%
In
The
Past
24
Hours

Data
compiled
by

cryptoslam.io,
an
on-chain
crypto
assets
market
aggregator
and
a
multi-chain
non-fungible
token
explorer,
shows
that
the
non-fungible
token
market
has
slightly
tanked
again
in
sales
volume.
In
the
past
24
hours,
the
global
NFT
sales
volume
has
plunged
by
20%
to
reach
$22
million.
This
light
downturn
comes
after
the
recent
Ethereum
NFT
bull
run,
which
fueled
the
global
NFT
weekly
sales
volume
past
$300
million,
faded.

In
a
similar
context,
Ethereum,
the
same
blockchain
network
powering
the
famous
crypto
Ether
and
renowned
in
the
global
NFT
market
for
hosting
the
majority
of
blue-chip
NFT
collections,
has
started
the
last
week
of
December
down
+30%
after
the
market
rally
cooled
off.
In
the
past
24
hours,
the
Ethereum-based
NFTs
have
amassed
a
trading
sales
volume
of
$12
million,
down
28%
from
the
previous
day.

Non-fungible
tokens
hosted
on
Bitcoin,
the
blockchain
network
renowned
in
the
NFT
market
for
powering
Runes,
Ordinals,
and
BRC-20
NFT
collections,
and
Solana,
an
open-source
blockchain
network
that
supports
smart
contracts,
including
NFTs
and
various
decentralized
applications,
have
also
recorded
negative
growth.
In
the
past
24
hours,
the
Bitcoin-based
NFTs
have
raised
a
trading
sales
volume
of
$3.02
million,
while
the
Solana-based
NFTs
have
amassed
a
trading
sales
volume
of
$2.4
million.

Top
Selling
Ethereum
NFTs
In
The
Past
24
Hours

Despite
a
short
recess
in
the
Ethereum
NFT
market,
Pudgy
Penguins,
a
non-fungible
token
series
that
features
a
limited
edition
of
8,888
cartoon
penguin
birds
hosted
on
the
Ethereum
blockchain
network,
is
the
top-selling
NFT
collection
in
the
NFT
market.
In
the
past
24
hours,
the
Pudgy
Penguins
NFT
collection
has
amassed
a
trading
sales
volume
of
$1.4
million.
During
this
period,
Penguin’s
NFT
sales
volume
has
plunged
by
25%
from
the
past
day.

Blue-chip
Azuki,
a
non-fungible
token
collection
from
the
digital
asset
incubation
studio
Chiru
Labs
featuring
a
fixed
supply
of
10,000
anime-themed
NFTs
hosted
on
the
Ethereum
blockchain
network,
is
today’s
second
top-selling
non-fungible
token
collection
in
the
NFT
market.
In
the
past
24
hours,
the
Azuki
NFT
collection
has
recorded
a
trading
sales
volume
of
$1.2
million.
The
Azuki
NFT
sales
volume
has
plunged
by
55%
from
the
past
day.

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