• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

How To Get Rekt Buying Bitcoin Treasury Companies

2025-07-03

🔥 Bitcoin Bereikt Nieuwe Hoogtepunten en wordt geoptimaliseert met deze Layer 2 Presale!!!

2025-07-02

Crypto firms paid $2.7M monthly to North Korean workers

2025-07-02

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    2025-07-02

    A Full Comparison of Layer 2 Solutions

    2025-07-02

    What are Optimistic Rollups? How They Work and Why They Matter

    2025-07-01

    What Are ZK Rollups? How They Work and Why They Matter

    2025-07-01

    A Step-by-Step Guide for Beginners

    2025-06-20
  • Videos

    How To Get Rekt Buying Bitcoin Treasury Companies

    2025-07-03

    🔥 Bitcoin Bereikt Nieuwe Hoogtepunten en wordt geoptimaliseert met deze Layer 2 Presale!!!

    2025-07-02

    Bitcoin To $1M? Here’s WHY!

    2025-07-02

    🚀 BTC BOOMING: BlackRock $4B 🏦 | Dollar Crash w OTC 📉 | ETFs EXPLODE 💥

    2025-07-02

    Bitcoin Is Nearing Breakout Zone

    2025-07-02
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»NFT»Global NFT market sees a 22% dip in sales, yet Trump NFTs continue to soar
NFT

Global NFT market sees a 22% dip in sales, yet Trump NFTs continue to soar

2024-01-30No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The global market for NFTs has witnessed a downward trend in trading volumes, marking a consistent decline for the third week of January.

According to the latest figures from CryptoSlam.io, a prominent on-chain data aggregator, the trading sales volume in the NFT sector has fallen to $223 million over the last week. This represents a significant 22.5% drop compared to the previous week’s figures.

Contrastingly, the NFT market has observed an uptick in the number of active participants. Recent data shows that over 734,000 collectors engaged in NFT purchases across various platforms in the last week. This surge, amounting to a 34% increase, indicates a growing interest in non-fungible tokes despite the overall decrease in trading volume.

NFT sales volume

NFT montly sales volume across major blockchains | Source: CryptoSlam.io

You might also like: Google ends five-year ban on crypto ads as Bitcoin ETF becomes visible

However, wash trading has been notably high, speceially across Solana and Avalanche collections. Wash trading is a form of market manipulation where an investor simultaneously sells and buys the same NFT to create misleading, artificial activity in the marketplace. The notably high levels of wash trading on Solana and Avalanche suggest a significant portion of their NFT transactions may be artificial, potentially inflating the perceived market activity and skewing genuine economic indicators.

Bitcoin Ordinals collections took the hardest hit in January, as sales declined by nearly 35%. Ethereum and Solana-based NFTs also saw a significant decline. However, non-fungible tokens on Polygon experienced a massive 70% increase in sales this month. Polygon’s most popular collection, Trump Digital Trading Cards Series 2, saw a notable 25% increase in floor price. This is potentially due to the hype around the current election season in the U.S. and Trump’s campaign.

See also  Bored Ape Yacht Club Creator Yuga Labs Reveals First Bitcoin NFT Project

Weekly floor price movement of the TRUMP2 collection | Source: CoinGecko

On the other hand, popular Ethereum-based collections saw a notable decline in the past few weeks, with the floor price of CryptoPunks and BAYC both down nearly 8% in the past two weeks.

Although the market significantly recovered from its prolonged downtrend in Q4 2023, it’s again seemingly going through a bearish phase, perhaps an indication of user interest shifting to the less popular networks — like Polygon and Avalanche-based collections — which have both seen remarkable growth this month, it appears the NFT business may be shifting and diversifying, rather than strictly shrinking.

Read more: Bitcoin back at $43k, BlackRock’s BTC ETF volume closes in on GBTC

continue dip Global market NFT NFTs sales Sees soar Trump
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Donald Trump “Saves” Bitcoin!

2025-06-30

Bitcoin Ready to Soar as US and China Make a Deal

2025-06-27

Bitcoin Emerges As The Clear Hedge Amid Global Uncertainty

2025-06-23

Bitcoin: The Market Doesn’t Care About Your Hopium!

2025-06-13
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

WHY ARE WE BULLISH? Christmas Special 2023

2023-12-23

WELCOME to the 3rd annual Sessions XMAS Special! This year’s guests include (but are not…

NFT

Blockchain gaming platform creates refundable NFT program

2023-07-12

Blockchain gaming startup Spielworks has partnered with the Web3 platform Mycelium Network to launch a…

Bitcoin

Bitcoin’s [BTC] price struggles continue as analysts warn of further drop

2023-03-04

BTC long liquidations rose to their highest position since August 2022. Analysts believe that a…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

How To Get Rekt Buying Bitcoin Treasury Companies

2025-07-03

🔥 Bitcoin Bereikt Nieuwe Hoogtepunten en wordt geoptimaliseert met deze Layer 2 Presale!!!

2025-07-02

Crypto firms paid $2.7M monthly to North Korean workers

2025-07-02

Bitcoin To $1M? Here’s WHY!

2025-07-02
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 109,309.29
ethereum
Ethereum (ETH) $ 2,580.76
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.25
bnb
BNB (BNB) $ 662.29
solana
Solana (SOL) $ 151.91
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.286586
dogecoin
Dogecoin (DOGE) $ 0.171019
staked-ether
Lido Staked Ether (STETH) $ 2,579.55
bitcoin
Bitcoin (BTC) $ 109,309.29
ethereum
Ethereum (ETH) $ 2,580.76
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.25
bnb
BNB (BNB) $ 662.29
solana
Solana (SOL) $ 151.91
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.286586
dogecoin
Dogecoin (DOGE) $ 0.171019
staked-ether
Lido Staked Ether (STETH) $ 2,579.55