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The non-fungible token market has seen a major downturn as Bitcoin declined 4% over the past week to $94,000 and Ethereum retreated to $3,300.
According to the latest data from CryptoSlam, the NFT market has seen a substantial correction: total sales volume plummeted 49.77% this past week to $152.7 million.
Despite the sharp decline in trading volume, market participation metrics show continued interest from new and existing traders.
NFT buyers have increased by 50.97% to 531,208
NFT sellers have grown by 47.14% to 308,666
NFT transactions have decreased by 13.26% to 1,477,340
NFT sales has dropped from last week’s $302.2 million in total sales
#BTC ETH #MOVE THE #GT