Top NFT collections endure double-digit dips as ETH falls from ATH price

The non-fungible token (NFT) market endured a turbulent seven-day tank as leading collections recorded double-digit percentage floor price declines, joining Ethereum’s retreat from the recently achieved $4,957 all-time high, just a day ￰0￱ from DeFiLlama and CryptoSlam show significant floor price drops across the top 10 blue-chip projects, along with heavy volatility in blockchain sales ￰1￱ collection metrics chart.), saw its floor price tumble 8.30% in the past day, leaving it at 9.5 ￰2￱ the last week, BAYC has fallen 14.41%. Another legacy project, CryptoPunks , registered a 2.61% decline in the last 24 hours and a 1.39% slide over the ￰3￱ floor price is still comparatively high at 48.2 ETH.

Moonbirds, a collection that surged in popularity in early 2022, dropped 7.86% on the day and 9.29% across the week, bringing its floor to 2.93 ￰4￱ BAYC offshoot Mutant Ape Yacht Club (MAYC), shed only 0.39% in the last 24 hours but has fallen 16.57% in seven days, one of the steepest weekly drops among top-tier ￰5￱ Pudgy Penguins, one of the few NFT projects that has steadied its community momentum this year with product launches , has not escaped the ￰6￱ collection’s floor sits at 10.27 ETH, up 2.78% on the last day but down 15.75% in the last seven ￰7￱ projects Lil Pudgys climbed 5.89% daily despite a 12.51% weekly loss, while Azuki gained 5.72% on the day though still posting a 4.18% intraweek ￰8￱ Adventure stood out as a rare gainer, soaring 6.01% in 24 hours and an impressive seven day 72.39% uptick, though from a much lower base with a floor at 0.29 ￰9￱ collections such as Memeland Captainz and Otherdeed Expanded fared ￰10￱ Captainz dropped 15.66% on the last day and 23.91% over the week, among the sharpest losses ￰11￱ Expanded managed a small 3.16% daily uptick but shed over 18.33% since August ￰12￱ plunging floor prices, total NFT sales across blockchains have gone up in the last 24 ￰13￱ from CryptoSlam shows $12.88 million in sales happened on Ethereum within the time frame, up 48.51%.

Including $3.7 million in wash trades, Ethereum’s total NFT activity reached $16.61 ￰14￱ smartest crypto minds already read our ￰15￱ in? Join them .