NFT Mania: Buyers Swarm as Sales Flatline – What’s the Deal? 🤔

by

The NFT market, that curious beast of the digital age, lumbered forward with $61.5 million in sales last week-a paltry 1.52% uptick from the week prior. Imagine that, folks, a market that thrives on hype and speculation, barely moving its needle. 😏

  • NFT sales hit $61.5M, while buyers surged 121% and sellers rose nearly 99%. Yes, more people are joining the circus 🎪!
  • Ethereum led blockchains with $29M in NFT sales and a ludicrous 421% jump in buyers. Who said Ethereum was dead? 🧐
  • Bitcoin NFTs dominated top sales as BTC reclaimed $95K and ETH crossed $3.2K. Old dogs can still bark. 🐕

Sales figures? Meh. But the real story? The sheer number of souls diving headfirst into this digital abyss. NFT buyers skyrocketed by 120.90% to 134,743, while sellers weren’t far behind, rising by 98.69% to 111,756. And all this while Bitcoin clawed its way back to $95K and Ethereum danced past $3,200. 🕺

The global crypto market cap? Now sitting pretty at $3.22 trillion, up from last week’s $3.09 trillion. Progress, or just another bubble waiting to pop? 🤷

Ethereum’s throne: $29 million in sales

Ethereum, ever the king of the blockchain jungle, flexed its muscles with $29.05 million in NFT sales-a 13.51% increase. Not bad for a network some folks claim is on its last legs. 🦵

The network saw 17,389 buyers, a jaw-dropping 420.94% rise from the week before. Wash trading? Oh, just a cool $3.88 million. Nothing to see here, folks. 🧹

Bitcoin took second place with $9.33 million in sales, though that’s a 12.69% dip from the prior week. Buyers, however, surged by 202.69% to 5,185. Nostalgia sells, huh? 🕰️

BNB Chain came in third with $7.73 million in sales-up 10.24%-while Immutable and Panini rounded out the top five with $4.14 million and $2.26 million, respectively. Base blockchain? Up 35.45%! Solana? Down a whopping 46.78%. Ouch. 😬

YES BOND reigns supreme 🏆

YES BOND on BNB Chain crushed the competition with $3.26 million in sales-a 19.35% rise. Meanwhile, CryptoPunks took second place with $2.73 million despite a 23.81% drop. Ape.bond Bonds? Third place with $2.48 million, up 43.47%. Panini America? Down 9.05%. Guild of Guardians Heroes? Barely moved. Good Vibes Club? Up 349.52%! Pudgy Penguins? Down 9.62%. 🐧

Bitcoin NFTs: The big dogs 🐕💰

The week’s highest-value sales belonged to $X@AI BRC-20 NFTs on Bitcoin. The top sale? A cool $1.10 million (12.0247 BTC). Another $X@AI piece fetched $898,131 (9.8453 BTC). Both deals happened three days ago. Meanwhile, CryptoPunks claimed three spots in the top five individual sales:

  • CryptoPunks #5705 sold for $163,672 (53 ETH) six days ago.
  • CryptoPunks #3043 fetched $123,926 (40 ETH)
  • CryptoPunks #4773 brought in $111,223 (35.9 ETH), both selling three days ago.

Read More

2026-01-17 08:59