CandleFocus NFT Market Meltdown: $119 Million in Sales Marks Dramatic 33% Drop
2025-02-09
Author: Content Editor
NFT sales experienced a significant decline in early February, with a 33.73% contraction compared to the previous week. Ethereum-based NFTs were the hardest hit, with a 38.41% slide. However, Polkadot's Mythos and Polygon saw an increase in sales. The leading collections for the week were Ethereum's Pudgy Penguins, which experienced a 37.55% decline, and Mythos' Dmarket, which had a modest 7.98% increase. Overall, the NFT market saw a decrease in buyers and sellers, but transaction volume remained stable.
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