The non -fungal token (NFT) market lost more than $ 1.2 billion in value in less than a week, while the Rally of Ether delayed, according to sector data.
On Monday, data from the NFT price floor showed that the total assessments of NFT collections fell to $ 8.1 billion, a decrease of 12% compared to the NFT market capitalization of $ 9.3 billion last Wednesday, which had risen 40% since July.
NFTs who wipe out $ 1.2 billion of appreciation in less than a week falls together with a decrease of 9% in Ether (ETH) prices. At the time of writing, Cointelegraph data showed that ETH was traded at $ 4,260 and fell from a peak of around $ 4,700 on Wednesday.
Many NFTs are beaten on the Ethereum network. With valuations and sales in ETH, Bullish or Bearish Momentum in the Crypto -Actief often translates into an increased or reduced value in the NFT sector. Because ETH fell by 4% in the last 24 hours, a majority of the top 10 collections also showed a decrease in value.
Top 10 NFTs through market capitalization. Source: NFT -Price floor
NFT -Market capitalization drops by more than 12% as ETH drops
Although it remains the top collection of market capitalization, cryptopunks saw around $ 300 million wipe out of the value of the collection.
At the time of writing, the data shows that it is worth $ 2.1 billion, with 12% compared to the 2.4 billion market capitalization on Wednesday.
Data from CryptoSlam shows that the sales volume of the collection reached $ 12.7 million, a decrease of 34% in the last seven days. The total turnover also only reached 51, with 28% a decrease in the past week.
The bored Ape Yacht Club (Bayc), which was in second place in the total NFT market capitalization last Wednesday, fell to third place on Monday, because the collection fell to $ 482.3 million.
This represents a decrease of almost 20% compared to the $ 602 million from Wednesday.
Related: NFT sales set to $ 574 million in July, in second place in 2025
Penguins catch monkeys in market capitalization
In the meantime, Pudgy penguins climbed to the second highest rating despite the eras of about $ 100 million in total value.
On Monday, the market capitalization of the collection reached $ 491 million and 17% fell compared to the $ 591 million of Wednesday.
Last week the public announced traded Blockchain company BTCS Inc. to that it has added three Pudgy Penguins NFTs to his business painter for companies.
This shows that companies are starting to recognize Blue-Chip NFT collections as legitimate assets for diversification of the treasury.
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