3 Minutes
NFT market rebounds strongly despite wider crypto slump
The global NFT market recorded $122.5 million in sales over the past week, a sharp 101.61% increase compared with the previous seven-day period. This surge comes even as the broader crypto market shows signs of cooling: total market cap slipped to $3.02 trillion from $3.22 trillion, Bitcoin has retreated toward the $89,000 level, and Ethereum has fallen below $3,000.
Key weekly metrics
Buyers expanded by 38.75% to 187,288, while sellers rose 47.19% to 164,685. Transaction volume on NFT marketplaces climbed 7.99% to 702,526. These activity gains highlight a renewed appetite for digital collectibles and NFT trading across multiple blockchains, even amid price declines for major tokens.
Blockchain breakdown: Ethereum and Bitcoin lead gains
Ethereum dominated NFT sales with $77.57 million, surging 179.42% week-over-week and attracting 23,994 buyers, up 38.03%. The network did register approximately $4.63 million in wash trading during the period, a figure market watchers continue to scrutinize.
Bitcoin and BRC-20s make headline moves
Bitcoin-based NFT activity also accelerated, generating $21.66 million in sales, a 126.61% jump. The rising prominence of BRC-20 NFTs on Bitcoin played a major role: a single $X@AI BRC-20 token sold for a standout $13.73 million (153.5837 BTC), setting a weekly high. Two additional $X@AI pieces fetched about $1.01 million and $895,348 in separate sales.
Other chains: BNB, Immutable, Base, Solana
BNB Chain ranked third in sales with $7.52 million, a small decline of 3.20% even as buyer counts climbed 68.29% to 24,784. Immutable experienced a 10.98% drop to $3.70 million, while Base surged 88.69% to $3.55 million. Solana posted $3.32 million in sales, up 8.85%, and drew 30,235 buyers, a dramatic 84.73% increase.
Top collections and notable movements
At the collection level, Flying Tulip PUT on Ethereum dominated with $51.57 million in sales, remaining essentially flat week-over-week while processing 2,103 transactions from 1,516 buyers. The $X@AI BRC-20 collection on Bitcoin surged 687.41% to $15.71 million despite low transaction counts, highlighting concentration in high-value single sales.
CryptoPunks and other blue-chip collections
CryptoPunks rebounded, reporting $4.01 million in weekly sales, a 46.74% recovery after a previous 23.81% drop. Other collections in the top seven included YES BOND on BNB Chain ($4.18M, +28.15%), Guild of Guardians Heroes ($2.31M, +7.41%), Moonbirds ($1.91M, +69.75%), and Pudgy Penguins ($1.82M, -4.72%). Top individual CryptoPunks sales included #9901 at $382,027 (120 ETH) and #3077 at $325,678 (107.5 ETH).
What this means for NFT markets and traders
The rebound in NFT sales demonstrates that high-value collectors and speculative buyers remain active even when the broader crypto market contracts. BRC-20 activity on Bitcoin has shown it can create outsized headlines and liquidity for specific drops, though market participants should watch concentration risk and wash trading indicators when assessing volume quality.
Outlook
Short term, expect continued volatility as NFT demand responds to a mix of narrative-driven launches, high-ticket Bitcoin sales, and renewed interest in established Ethereum collections. For traders and collectors, maintaining due diligence, understanding provenance, and monitoring market depth will be essential as NFT volumes escalate amid a mixed macro crypto backdrop.
Source: crypto
Leave a Comment