NFT sales spike to $224m, Pudgy Penguins sales surge 50%

The NFT market sales have surged amid mixed cryptocurrency price action, with Bitcoin reclaiming the $100,000 level while Ethereum retreated from last week’s $4,000 mark.

The global cryptocurrency market capitalization has slightly contracted to $3.63 trillion from last week’s $3.67 trillion as per CoinMarketCap data.

According to the latest data from CryptoSlam, the NFT market has surged 16.36%, with total sales volume reaching $224.5 million. However, the data shows that the number of unique buyers has decreased by 73.97% to 180,641.

You might also like: Spot Ethereum ETFs break a key record: can ETH price hit $5k?

Ethereum network sees a 21% surge

The Ethereum (ETH) blockchain continues to dominate with $118.9 million in sales, showing a 21.33% increase over the previous period. The network has seen a surge in wash trading, which increased by 117.35% to $43.8 million.

Bitcoin’s (BTC) NFT ecosystem sales have reached $51.8 million, marking a 14.79% increase. The network’s wash trading has shown a moderate increase of 11.30%, suggesting relatively cleaner trading activity compared to Ethereum.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Solana (SOL) has strengthened its position with $21.4 million in sales, with a growth of 32.12%. Mythos Chain (MYTH) and ImmutableX (IMX) complete the top five, with sales of $10.9 million and $8.5 million, respectively.

The collection rankings have seen major changes: Pudgy Penguins — the collection consists of 8,888 unique penguin avatars — retained its first position. Their sales volume reached $30 million, marking a 51.53% increase from the previous period.

Pudgy Penguins has evolved beyond just digital art; the brand now explores various licensing opportunities, including physical merchandise and toys inspired by the NFT characters.

BRC-20 NFTs maintain strong performance with $15.5 million in sales, showing a 54.63% increase. A notable newcomer, LilPudgys, has shown a 1,021.54% surge in sales, reaching $13.5 million.

Azuki and Guild of Guardians Heroes round out the top five, with Azuki showing particular strength with a 179.46% increase in sales.

Top NFT sales: Data from CryptoSlam

Notable individual sales this week include:

• SuperRare #37380 sold for $425,103 (108.3 WETH)
• Autoglyphs #319 sold for $394,317 (100 WETH)
• BOOGLE #HtZnzPMtm2LvtZUwuft sold for $261,004 (1,235.02 SOL)
• CryptoPunks #735 sold for $254,665 (68 ETH)
• Autoglyphs #172 sold for $224,820 (224,820 USDC)

Read more: Crypto VC funding: Avalanche Labs secures $250m investment