NFT sales drop to $138m, Pudgy Penguins sales soar 39% week-over-week
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Feb 01 2025NFT Market Trends: The NFT market has seen a 29.45% decline in sales volume this week, dropping to $138 million, while the overall crypto market cap decreased to $3.5 trillion. Despite this, participation increased with more buyers and sellers entering the space.
Top NFT Performers: Pudgy Penguins led sales with $13.9 million, while notable declines were observed for Azuki and CryptoPunks. Ethereum NFT sales fell by 40.35%, but buyer numbers rose, indicating mixed performance across different collections.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
