Punk plummet: NFT sales slide despite record Ethereum prices
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 09 2025NFT Market Decline: Despite a surge in Ethereum's price and a record $2.5 million sale of CryptoPunks, the NFT market has seen an 11% drop in sales to $134.9 million, with buyer and seller participation plummeting by around 90%.
Ethereum's Dominance: Ethereum remains the leading blockchain for NFT sales at $58.5 million, although it has experienced a 23.43% decline from the previous week, while other blockchains like Polygon and BNB Chain also face significant drops in buyer counts.
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.
