Top 5 NFT Collections Sales Slump Further Amid Market Crash
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- The top five NFTs experienced a significant sales drop in the past 24 hours.
- That development further compounds the continued crash of the overall NFT market.
- The affected NFTs include BoredApeYachtClub, MineablePunks, Dreadfulz, MutantApeYachtClub, and DeGods.
The top five NFTs by market capitalization experienced a significant sales drop in the past 24 hours, according to data from CoinMarketCap. The development further compounds the continued crash of the overall NFT market, which was highly energized in the last few years. The NFTs in question include BoredApeYachtClub, MineablePunks, Dreadfulz, MutantApeYachtClub, and DeGods.
BoredApeYachtClub (BAYC)
Besides being the top NFT by market cap, BAYC is one of the most popular NFT collections. It is a limited NFT collection where the token doubles as the holder’s membership to a swamp club for apes. BAYC sales dropped by 33.33% in the last 24 hours despite a 16.07% rise in average price. BAYC’s average price at the time of writing was 31.58 ETH per CoinMarketCap.
MineablePunks (mpunks)
The mpunks NFT collection is a class of NFTs that can only be mined, with the mining difficulty increasing as mo…
The post Top 5 NFT Collections Sales Slump Further Amid Market Crash appeared first on Coin Edition.
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