3 days ago
The non-fungible token (NFT) marketplace mislaid much than $1.2 cardinal successful worth successful little than a week arsenic Ether’s rally slowed, according to assemblage data.
On Monday, NFT Price Floor information showed that the full valuations of NFT collections dropped to $8.1 billion, a 12% diminution from past Wednesday’s NFT marketplace headdress of $9.3 billion, which had surged 40% since July.
NFTs wiping retired $1.2 cardinal successful valuation successful little than a week coincides with a 9% driblet successful Ether (ETH) prices. At the clip of writing, Cointelegraph information showed ETH traded astatine $4,260, dropping from a precocious of astir $4,700 connected Wednesday.
Many NFTs are minted connected the Ethereum network. With valuations and income denominated successful ETH, bullish oregon bearish momentum successful the crypto plus often translates into accrued oregon decreased worth successful the NFT sector. As ETH went down 4% successful the past 24 hours, a bulk of the apical 10 collections besides showed a diminution successful value.
Top 10 NFTs by marketplace capitalization. Source: NFT Price FloorNFT marketplace headdress drops by implicit 12% arsenic ETH declines
While it continues to beryllium the apical postulation by marketplace capitalization, CryptoPunks saw astir $300 cardinal wiped retired from the collection’s value.
At the clip of writing, the information shows it’s worthy $2.1 billion, declining by 12% compared to its 2.4 cardinal marketplace headdress connected Wednesday.
CryptoSlam information shows that the collection’s income measurement reached $12.7 million, a 34% driblet successful the past 7 days. Total income besides lone reached 51, down 28% successful the past week.
The Bored Ape Yacht Club (BAYC), which was ranked 2nd successful wide NFT marketplace capitalization past Wednesday, dropped to 3rd spot connected Monday, arsenic the postulation declined to $482.3 million.
This represents a astir 20% driblet compared to Wednesday’s $602 million.
Related: NFT income surge to $574 cardinal successful July, second-highest successful 2025
Penguins overtake Apes successful marketplace capitalization
Meanwhile, Pudgy Penguins climbed to the second-highest valuation contempt erasing astir $100 cardinal successful wide value.
On Monday, the collection’s marketplace headdress reached $491 million, dropping 17% compared to Wednesday’s $591 million.
Last week, publicly-traded blockchain institution BTCS Inc. announced that it added 3 Pudgy Penguins NFTs to its firm integer plus treasury.
This shows that companies are opening to admit blue-chip NFT collections arsenic morganatic assets for treasury diversification.
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