The NFT market cooled sharply over the past week, with total sales volume falling to $74.88 million, a drop of more than 38% from the previous period. The pullback came as broader crypto prices weakened, even though participation across NFT platforms actually increased.
Buyer numbers rose nearly 30% to 242,824, while sellers climbed 32% to 217,181. Transaction count also ticked higher, up 8% to 726,723 deals. The mix suggests more activity at lower price points rather than large, high-value trades.
Meanwhile, Bitcoin slipped toward the $83,000 level and Ethereum dropped below $2,700, pushing the total crypto market cap down to about $2.83 trillion from $3.02 trillion a week earlier.
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Ethereum Still Leads, Bitcoin NFTs See Sharpest Fall
Ethereum still led all networks in NFT sales, bringing in about $46.92 million over the week, even though that was down nearly 39% from the previous period. The network had 28,096 buyers, up around 18%, and wash trading totaled roughly $4.94 million during the same stretch.
Bitcoin-based NFTs saw the sharpest drop among the major chains. Sales fell more than 71% to $6.46 million, while the number of buyers climbed to 10,905.
BNB Chain came in third with $4.95 million in sales, a decline of almost 35%, though buyer activity increased by more than 32%. Base stood out as one of the few gainers, with sales climbing 34.54% to $4.24 million and buyer activity jumping to 78,759.
Immutable posted $3.26 million in sales, down 12%, and Solana followed with $2.77 million, slipping just over 11% on the week.
Top Collections: Big Swings at the Top
The Flying Tulip collection on Ethereum held onto the top spot with $22.39 million in weekly sales, though that figure was down more than 56% from the prior week. The collection recorded 898 transactions from 432 buyers.
Moonbirds surged into second place with $3.89 million in sales, more than doubling week over week. Trading in the collection picked up quickly, with transactions jumping more than 500% compared to the previous week.
Pudgy Penguins came in third with $2.28 million in sales, up 23%. Meld Bank Manager v on Cardano placed fourth at $2.01 million, with most of that volume coming from a single large sale.
Guild of Guardians Heroes generated $1.93 million in sales, down about 16%, while CryptoPunks brought in $1.91 million, sliding more than 52% after a brief rebound the week before.
High-Value Sales Highlight a Thin Top End
The largest individual NFT sale of the week came from Meld Bank Manager v on Cardano, which changed hands for about $2.01 million in a single transaction that accounted for the collection’s entire weekly volume.
A Bitcoin-based BRC-20 NFT followed with a sale worth roughly $1.36 million. Other notable sales included a Known Origin piece that went for just under $200,000, as well as two CryptoPunks that each sold for around $185,000.
What This Means for the NFT Market
Even though more people are buying and selling, the drop in overall sales volume shows that most of the activity is happening at lower price levels, with fewer big-ticket deals than before. Ethereum continues to anchor the space, but the steep drop in Bitcoin NFT volume shows how quickly newer trends can cool when broader market sentiment weakens.
For now, the numbers point to an NFT market that’s still active, just more cautious, with buyers focusing on lower-priced assets while high-end sales become less frequent.
