- 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 more mpunks are minted. The sales of mpunks dropped by 16.67% in the last 24 hours, while its average price rose by 20%. Mpunks sold for 160.01 ETH as of the time of writing, according to CoinMarketCap.
Dreadfulz
Dreadfulz is an Ethereum-based NFT with a limited collection of 7,777 NFTs. CoinMarketCap’s data shows that Dreadfulz recorded no sales in the last 24 hours. Meanwhile, the collection’s average price is 102.39 ETH, marking a 0.15% drop in value.
MutantApeYachtClub (MAYC)
MAYC is an extension of the BAYC NFT collection with its exclusive community. The sales of MAYC dropped by 10.31% in the last 24 hours. However, the NFT’s average price rose by 4.20% to 5.852 ETH as of the time of writing.
DeGods
DeGods is a profile-picture-themed NFT collection of ancient deities, many styled in modern streetwear. Sales of DeGods dropped by 41.50% in the last 24 hours, according to CoinMarketCap’s data. DeGods’ average price at the time of writing is 4.4744 ETH, representing a 0.07% increase.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
