{"id":7324,"date":"2025-08-09T19:03:50","date_gmt":"2025-08-09T19:03:50","guid":{"rendered":"https:\/\/bitunikey.com\/news\/punk-plummet-nft-sales-slide-despite-record-ethereum-prices\/"},"modified":"2025-08-09T19:03:54","modified_gmt":"2025-08-09T19:03:54","slug":"punk-plummet-nft-sales-slide-despite-record-ethereum-prices","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/punk-plummet-nft-sales-slide-despite-record-ethereum-prices\/","title":{"rendered":"Punk plummet: NFT sales slide despite record Ethereum prices"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Despite Ethereum\u2019s price surge and a record-setting $2.5 million CryptoPunks sale, the NFT market is in steep retreat \u2014 with sales down 11% to $134.9 million and buyer and seller counts collapsing by about 90%, signaling a sharp contraction in participation across nearly all major blockchains.<\/p>\n<div id=\"cn-block-summary-block_45ae84b873134a78b8f7db8a95941471\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>NFT sales declined 11% to $134.9 million despite Ethereum\u2019s 19% price surge.<\/li>\n<li>Market participation collapsed with buyer and seller counts dropping by approximately 90%.<\/li>\n<li>CryptoPunks #1021 set a new high-water mark with a 720 ETH sale worth $2.5 million.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Where are all the NFT buyers?<\/strong><\/h2>\n<p>According to data from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cryptoslam.io\/\" target=\"_blank\">CryptoSlam<\/a>, market participation has contracted with NFT buyers plummeting by 89.83% to 73,900, and NFT sellers falling by 91.14% to 42,878. NFT transactions have increased by 1.60% to 1,781,919.<\/p>\n<p>This slump comes at a time when Bitcoin (BTC) price has dropped to the $116,000 level.<\/p>\n<p>At the same time, Ethereum (ETH) has shown a spike of 19% in the last seven days to $4,100. The global crypto market cap is now $3.93 trillion, up from last week.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Ethereum maintains its dominance in sales<\/h3>\n<p>Ethereum has maintained its dominant position with $58.5 million in sales, though declining 23.43% from the previous week. Ethereum\u2019s wash trading has fallen by 61.64% to $5.5 million.<\/p>\n<p>Polygon (POL) has climbed to second place with $17.8 million, surging 56.90%. Bitcoin holds third position with $14.2 million, down 19.47%.<\/p>\n<p>BNB Chain (BNB) has risen to fourth place with $13.6 million, jumping 33.54%. Mythos Chain sits in fifth with $9.6 million, declining 1.75%. Solana (SOL) rounds out the top six with $8.2 million, falling 33.49%.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: Blockchains by NFT Sales Volume (CryptoSlam)<\/figcaption><\/figure>\n<p>The buyer count has dropped across all major blockchains, with Polygon leading the drop at 97.43%, followed by BNB Chain at 95.64% and Bitcoin at 94.41%.<\/p>\n<p>Courtyard on Polygon has reclaimed the top spot in collection rankings with $15.9 million in sales, surging 67.72%. The collection has seen growth in transactions (117.90%) and buyers (152.55%).<\/p>\n<p>CryptoPunks has fallen to second place with $11.4 million, declining 43.68%. The collection has experienced drops across all metrics including transactions (56.52%), buyers (39.13%), and sellers (54.10%).<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Pudgy Penguins show modest recovery<\/h3>\n<p>Pudgy Penguins holds third position with $4.9 million, showing modest recovery with 12.76% growth. Despite the overall market decline, this collection has maintained stability.<\/p>\n<p>SpinNFTBox on BNB Chain has entered the top five with $4.6 million, exploding by 56.31%. The collection is dominated by a single seller despite having 838 buyers.<\/p>\n<p>DMarket sits in fifth place with $4.5 million, declining 2.64%. Sorare has entered the rankings in sixth with $4 million, falling 43.54%. Guild of Guardians Heroes rounds out the top seven with $3.8 million, down 0.82%.<\/p>\n<p>Notable high-value sales from this week include:<\/p>\n<ul class=\"wp-block-list\">\n<li>CryptoPunks #1021 sold for 720 ETH ($2,569,908)<\/li>\n<li>CryptoPunks #9797 sold for 140 ETH ($503,547)<\/li>\n<li>CryptoPunks #7414 sold for 100 ETH ($341,596)<\/li>\n<li>CryptoPunks #7211 sold for 75 ETH ($292,320)<\/li>\n<li>CryptoPunks #3291 sold for 72 ETH ($281,019)<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Despite Ethereum\u2019s price surge and a record-setting $2.5 million CryptoPunks sale, the NFT market is in steep retreat \u2014 with sales down 11% to $134.9 million and buyer and seller&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7324"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7324\/revisions"}],"predecessor-version":[{"id":7325,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7324\/revisions\/7325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1610"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}