Crypto Drama: NFTs Plummet While Avalanche Takes the Crown! 🥇💸

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Well, well, well! Just when you thought the crypto market was on a rollercoaster ride to the moon, the NFT market decided to take a little nap. Sales volume has dropped a whopping 0.05% to $129.8 million. I mean, who knew NFTs could be so… sleepy? 😴

Meanwhile, Bitcoin (BTC) is flexing its muscles, soaring to the $108,000 level after a brief flirtation with $111,000. Talk about a dramatic relationship! Ethereum (ETH) is trying to recover from its emotional rollercoaster, bouncing back to $2,700 before plummeting to $2,500. The global crypto market cap is now a staggering $3.42 trillion, up from last week’s $3.29 trillion. It’s like watching a soap opera, but with more numbers and fewer dramatic pauses.

According to our friends at CryptoSlam, the NFT party is still happening! NFT buyers have increased by 61.18% to 443,548, and sellers are joining the fun too, rising by 31.87% to 199,129. NFT transactions are also up by 15.39% to 1,697,343. It’s like a family reunion, but with more awkward conversations about digital art.

Ethereum leads with $29.6m in NFT sales

Ethereum is still the prom queen of the NFT world, raking in $29.6 million in sales. But hold your applause! It’s down 26.22% from last week, and wash trading has taken a nosedive by 57.18% to $2 million. Ouch! Talk about a bad hair day.

And then there’s Avalanche (AVAX), making a dramatic entrance into second place with $22.3 million in sales and a jaw-dropping surge of 202.92%. Someone call the fashion police because this is a serious glow-up! 💅

Polygon (POL) is holding its ground in third place with $21.3 million, showing solid growth of 45.98%. Bitcoin, on the other hand, has dropped to fourth place with $18.2 million, down 21.85%. It’s like watching your favorite athlete trip over their own shoelaces.

Mythos Chain rounds out the top five with $13.9 million, while Immutable (IMX) is in sixth with $8.6 million. Solana (SOL) is sitting in seventh with $6.4 million, experiencing a 26.36% drop. It’s like a game of musical chairs, and Solana just lost its seat!

The buyer count is on the rise across most blockchains, with Avalanche leading the pack at 79.08% growth. Bitcoin is not far behind at 72.98%, and Solana is trying to keep up at 71.09%. It’s a race, folks, and everyone’s wearing their best running shoes!

In a shocking twist, XSY Deposit on Avalanche has taken the top spot in collection rankings with $22.1 million in sales. But wait! This collection seems to be a one-person show, dominated by a single buyer and seller. Talk about a power couple!

Courtyard on Polygon has jumped to second place with $14.4 million, rebounding with 23.23% growth. DMarket is hanging in there at third with $8.8 million, up 7.07%. Bitcoin’s BRC-20 NFTs have fallen to fourth place with $6 million, dropping 15.78%. Guild of Guardians Heroes is holding fifth with $5.9 million. It’s like a game of whack-a-mole, but with digital assets!

CryptoPunks has dropped to sixth place with $4.8 million in sales, suffering a 30.94% decline. This collection has seen decreases across all metrics, including transactions (42.31%), buyers (37.84%), and sellers (45.24%). It’s like watching your favorite band go from sold-out shows to playing in a garage.

For those who missed last week’s NFT performance, you can catch up here. And just for fun, here are some notable high-value sales from this week:

  • CryptoPunks #3609 sold for 440 ETH ($1,089,338)
  • CryptoPunks #2537 sold for 80 ETH ($197,242)
  • CryptoPunks #2542 sold for 59 ETH ($155,440)
  • CryptoPunks #6479 sold for 58.4 ETH ($149,478)
  • CryptoPunks #7161 sold for 53.69 ETH ($142,816)

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2025-05-24 16:13