Pudgy Penguin goes for almost $494k

Tech

Pudgy Penguin goes for almost $494k

The NFT market has shown strength amid crypto market volatility, according to the latest data from CryptoSlam.

The total sales volume has reached $302.2 million — a notable 32.93% increase. This is an evident spike from last weeks $224 million sales.

This surge has been accompanied by growth in market participation. The market metrics show strong expansion across all key indicators:

• NFT buyers have nearly doubled with a 92.39% increase to 349,972
• NFT sellers have grown significantly by 77.18% to 207,672
• NFT transactions have shown a healthy growth of 7.28% to 1,651,950

Ethereum dominance strengthens

The Ethereum (ETH) NFT blockchain has shown strong performance, with sales volume surging to $199.9 million. This is a 73.56% increase in the last seven days.

The network has attracted 44,220 buyers, representing a 39.73% growth.

Notably, wash trading has more than doubled with a 122.67% increase to $105.1 million, indicating heightened market activity.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Bitcoins (BTC) NFT ecosystem is in the second position, with a 23% decline, with sales volume at $39.7 million. However, the network shows decent growth in user engagement with 38,987 buyers.

Solana (SOL) has strengthened its third position with $29.9 million in sales, showing a modest 5.14% increase. The network continues to show strong user participation with 104,958 buyers, which is a 108.45% increase.

Mythos Chain (MYTH) maintained fourth place with $10.8 million in sales, while ImmutableX (IMX) and Polygon (POL) complete the top positions with $6.9 million and $4.8 million, respectively.

Pudgy Penguins led historic rally

Pudgy Penguins has nearly doubled its sales to $53.9 million, with a 90% increase. Their ecosystem expansion has been accompanied by major growth in both transactions (104% increase) and unique buyers (81% increase).

LilPudgys is in second place with $19.4 million in sales, showing a 53.57% increase.

Azuki is in third place with $16.9 million in sales, showing a growth of 108.19%.

Doodles has made an entry into the top five with $13.4 million in sales, showing growth of 226.08%, while BRC-20 NFTs round out the top five with $9.2 million in sales.

Top NFT sales: Data from CryptoSlam

Notable individual sales this week include:

• Pudgy Penguins #4611 sold for $493,925 (125 ETH)
• CryptoPunks #6036 sold for $444,019 (110 ETH)
• Pudgy Penguins #7891 sold for $395,140 (100 ETH)
• Azuki #6872 sold for $380,659 (108 ETH)
• Azuki #6536 sold for $372,866 (95.4774 ETH)

Bitcoin is currently trading at around $97,450.

Ethereum also bounced back to $3,400 from its recent low of $3,098. It‘s currently trading at around $3,403.48. The global cryptocurrency market capitalization currently stands at $3.41 trillion, showing a decline from last week’s $3.63 trillion.