NFT Sales Decline Amid Increased Buyer Participation

According to PANews, NFT sales have experienced a significant decline this week, dropping by 17.54% to $132.7 million from last week's $152 million. Despite the decrease in sales, market engagement has risen, indicating continued interest at lower price levels. The number of NFT buyers increased by 25.54% to 667,116, while sellers rose by 23.96% to 382,754. However, the total number of transactions fell by 16.96% to 1,326,111. On the Ethereum network, NFT sales decreased by 25.72% to $56 million, although the number of buyers grew by 14.35% to 72,241. Conversely, the Bitcoin network saw an 8.38% increase in NFT sales, reaching $30.3 million, with 67,423 buyers, marking a 13.68% rise from the previous week. Mythos Chain climbed to third place with $11.8 million in sales, a 3.63% increase. Despite having the highest number of buyers at 234,220, the Solana network's sales dropped by 57.91% to $9.4 million, placing it fourth. The top NFT transactions this week included: - CryptoPunks #5192: $192,556 (53.69 ETH) - CryptoPunks #7942: $154,075 (45 ETH) - CryptoPunks #9208: $153,677 (45.99 ETH) - CryptoPunks #5203: $153,580 (44.7 ETH) - CryptoPunks #7210: $147,498 (42.93 ETH)