Crypto Meltdown: NFT Sales Plummet While Bitcoin Stumbles – What’s Next?

Ah, the NFT market! Once a glittering paradise of digital treasures now reduced to a mere $58.34 million in sales volume over the past week. A staggering drop of 20.34% from its previously inflated self. Who knew that selling digital pictures would be so… volatile?

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Base claimed third place with a modest $4.14 million in sales, up 8.46%, drawing 83,552 buyers who seem to enjoy a good chase.

BNB Chain (BNB) nestled into fourth place with $3.93 million in sales, a decline of 20.62%, yet attracting 39,715 buyers-an impressive feat considering the circumstances.

Solana (SOL) rounded out the top five with $2.61 million in sales, posting an almost imperceptible gain of 1.14% while its buyers surged by 56.69%. Apparently, desperation is a great motivator.

Immutable (IMX) fell to sixth position at $2.34 million, down 29.10%. One might say it was a week to forget.

Flying Tulip PUT retains lead, CryptoPunks surge

The illustrious Flying Tulip PUT on Ethereum has maintained its lead in the collection rankings with $11.41 million in sales, plummeting 49.06% from last week. It processed 530 transactions from just 259 buyers. It seems that “flying” is relative.

CryptoPunks, the darling of the digital art world, claimed second place with a remarkable $4.71 million in sales, surging 146.56% after last week’s 52.35% decline. If only the stock market operated with such dramatic flair!

This blue-chip collection completed 69 transactions from 44 buyers, doubling metrics week-over-week. It appears fortune favors the bold!

Meanwhile, a Base collection took third place with $2.11 million in sales, climbing 15.82%. Pudgy Penguins waddled in with $2.09 million in sales, down 6.96%, while the Bored Ape Yacht Club recorded $1.90 million, a surprising 59.79% surge. Who knew apes could swim?

TokenVestingPlans on Ethereum landed in sixth with $1.65 million, climbing 67.85%, while Guild of Guardians Heroes rounded out the top seven with $1.50 million, down 22.82%. Truly, what a week!

CryptoPunks dominate high-value NFT sales

In a display of audacity, CryptoPunks dominated the week’s highest-value sales, claiming three of the top five spots. How delightful!

  • CryptoPunks #5402 led with a staggering $265,585 (113.5 ETH) four days ago. Clearly, someone is keen on making a statement!
  • CryptoPunks #9170 followed closely at $139,761 (72 ETH) just 14 hours ago. Timing is everything!
  • Wrapped Ether Rock #98 sold for a pedestrian $109,128 (109,127.7422 USDC) seven days ago. Because rocks need love too.
  • Autoglyphs #256 fetched $105,512 (50 ETH) two days prior. It seems the art world is alive and well!
  • CryptoPunks #1112 rounded out the top five at $92,850 (48.48 ETH) just yesterday. Talk about a race to the finish line!

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2026-02-07 08:40