Drastic Drop in NFT Sales, Yet CryptoPunks Still Survives?

Jakarta, Pintu News – The non-fungible token (NFT) market experienced another sharp decline with total sales volume dropping by 22.65% to $104.5 million. This decline occurred despite the general recovery of the crypto market. Although the number of NFT buyers and sellers increased, the transactions that took place decreased, signaling the complex dynamics within the current NFT market.

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Ethereum Leads the Market with $37.7 Million in Sales

Ethereum (ETH) continued to lead the market with sales reaching $37.7 million, despite a 29.88% drop from the previous week. This decline coincided with a massive drop in wash trading on Ethereum, which fell by 68.03% to just $6.4 million.

Meanwhile, Polygon (POL) managed to hold on to second place with sales of $15.7 million, despite also experiencing a 17.43% drop. On the other hand, Mythos Chain managed to take third place with sales of $10.1 million, only down by 1.73%.

BNB Chain (BNB) and Bitcoin (BTC) took fourth and fifth place with sales of $9.5 million and $7.8 million respectively, showing a significant decline. Solana (SOL) came in sixth place with sales of $5.1 million, down 6.81%.

Also read: Michael Saylor: The Bitcoin Investment Strategy that Beat the S&P 500

CryptoPunks Sales Up 4.73%

CryptoPunks, one of NFT’s most iconic collections, managed to show positive growth with sales of $8 million, up 4.73%. This indicates that some NFT collections are still able to survive and even grow amidst the sluggish market.

DMarket and DKTNFT also showed mixed dynamics, with DMarket declining while DKTNFT grew. Panini America, a digital sports card collection, made it into the top five with sales of $3.1 million, a significant increase of 46.16%.

This shows that there is a growing interest in digital trading cards. Meanwhile, Guild of Guardians Heroes saw a sharp decline of 27.50%, indicating that not all of NFT’s game collection can survive in the current market conditions.

Read also: Investors Withdraw Large Funds from Ethereum ETFs, What’s the Impact?

Number of NFT Buyers Increases

Although the overall NFT market is on the decline, the number of buyers and sellers continues to increase. This shows that interest in NFTs has not completely dimmed, but the market may be undergoing a correction.

Buyer growth on Polygon reached 38.34%, followed by BNB Chain with 23.11% and Ethereum with 21%. Polygon’s Courtyard collection still leads the ranking with $14.6 million in sales, although it fell by 17.41%.

This collection experienced a huge growth in the number of sellers, rising by 333.68%, while the number of buyers actually fell by 18.39%. This shows that the dynamics of the NFT market are highly volatile and influenced by various factors.

Conclusion

With the ever-changing market conditions, it is important for NFT investors and enthusiasts to constantly monitor the latest developments. While some collections have shown growth, many have also seen declines. The success of CryptoPunks and some other collectibles shows that there is still room for optimism amidst market uncertainty.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. NFT Sales Nosedive $104.5M, CryptoPunks Sales in Green. Accessed on September 9, 2025
• Featured Image: Generated by AI