NFT: Cryptocurrency Market Collapse Sends Weekly Sales Down 64% | Bored Ape Yacht Club, Cryptopunks

With the markets falling over the past week, the value of non-fungible tokens (NFTs) has dropped significantly. Top notch NFT collections like Bored Ape Yacht Club (BAYC), Cryptopunks and others have seen their floor value drop by 2-25% in the last 24 hours.

NFT Ground Values ​​Suffer Significant Drop

Over the past seven days, NFT sales have fallen 64.84% from the previous week. Almost all popular NFT collections are dropping week by week.

Sales of Otherdeed fell 90.31%, BAYC fell 63.73%, Mutant Ape Yacht Club (MAYC) fell 65.73% and Cryptopunks fell 3.39% from last week .

NFT floor values ​​have fallen significantly over the past 24 hours as the cryptocurrency market crash has not been kind to digital collectibles. BAYC’s flor is now 2.9% lower at 97 ethers.

The current floor of Cryptopunks has lost 7% and the floor value of the cheapest Cryptopunks NFT is 48.85 ether. Moonbirds NFTs are down 10.9% in the past day and the bottom value is 21.5 ether.

NFT’s sales volume of $1.7 billion was recorded seven days ago, and this week’s volume is down to $631.5 million.

The NFT Azuki Collection took the lead in sales this week with $102 million in sales volume, which is an increase of approximately 208.55% from last week’s Azuki sales. The 24-hour stats show that Azuki’s bottom value this weekend is 14.16 ether, which is 0.3% lower than the previous day.

Doodle’s floor value has increased by 2.5% in the last day and currently, its current floor is 13.95 ether.

16 different blockchains saw their sales decline since last week, except for Tezos-based NFT sales, which were up 15.07%.

Measurements from show that the most expensive NFT sold this week was BAYC 7,520, which sold for 115 ether.

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