NFT Market Plummets: Sales Crash 18.43% to $116.9M Amid Crypto Slump!

CryptoSlam Data Reveals Dramatic Downturn from Last Week's Highs

The NFT market just took a nosedive, folks! Sales volume crashed by a whopping 18.43%, leaving us with a measly $116.9 million. Can you believe it?

CryptoSlam's data spilled the beans: this is a total 180 from the previous week's stellar performance. What a rollercoaster!

And if that's not enough, Bitcoin (BTC) plummeted to $103,000. Ethereum (ETH)? Down 4% in just seven days. The global crypto market cap? Now sitting at $3.21 trillion, down from last week's $3.29 trillion. It's like watching dominos fall!

Here's the kicker: despite the sales freefall, market participation is all over the place. NFT buyers? Flat at 1,061,348, but they're holding steady with a 50.56% growth. Sellers? Up 8.09% to 38,494. Transactions? A tiny dip of 0.63% to 1,709,086. It's a wild ride out there!

Immutable (IMX) is still king of the hill, but even they're feeling the heat. Sales dropped to $28.3 million, a brutal 32.23% fall from last week. And get this: their wash trading? Almost gone, down 81.19% to just $3. That's insane!

Polygon (POL) is making moves, though, surging to second place with $23.3 million in sales, up 24.98%. They knocked Ethereum down to third with $20.4 million, down 32.06%. Ethereum's wash trading? Down 18.29% to $1.8 million. It's a dogfight out there!

Mythos Chain? Holding steady in fourth with $14.1 million, just a tiny 0.03% dip. Solana (SOL)? They're climbing, hitting fifth place with $8.7 million, up a massive 42.74%. It's like watching a race!

Buyer counts are up across most blockchains, with Polygon leading the pack at 35.63% growth. Solana's not far behind at 27.41%, and Mythos Chain at 19.32%. The market's still buzzing!

In the collection rankings, Courtyard on Polygon snatched back the top spot with $17.4 million in sales, up just 0.56%. But check this out: their sellers exploded by 1,264.81%! That's nuts!

Guild of Guardians Heroes? Dropped to second with $16.5 million, down 33.60%. This gaming collection is feeling the pain across the board: transactions down 35.26%, buyers down 41.99%, and sellers down 42.33%. Ouch!

DMarket? Holding strong in third with $9 million, up just 0.99%. Guild of Guardians Avatars? Fourth with $7 million, but down 31.19%. It's a tough week for them.

Gods Unchained Cards just broke into the top five with $4.7 million, down 28.60%. And get this: Uncategorized Ordinals on Bitcoin? Vanished from the top collections. Poof!

But wait, there's more! Check out these high-value sales from this wild week: