NFT Market Crashes 42% to $93M as Pudgy Penguins Plummet 76% - Here’s What’s Next
Digital collectibles face brutal reckoning as market sentiment turns icy
The Floor Falls Out
NFT sales cratered 42% this quarter, scraping bottom at just $93 million in total volume. The bloodbath hit blue-chip collections hardest—Pudgy Penguins nosedived a staggering 76%, leaving early investors wondering if the digital art bubble has finally burst.
Market Mechanics Exposed
Trading floors turned into ghost towns as liquidity evaporated overnight. The sudden collapse exposes what crypto veterans have whispered for years: speculative mania can't sustain artificial valuations forever. Even the cutest penguin avatars can't swim against macroeconomic tides.
Silver Linings or Dead Cat Bounce?
Seasoned collectors are sniffing around discounted assets while traditional finance snickers about 'I told you so' moments. The purge might actually strengthen the ecosystem long-term—washing out flippers and tourist money. But for now, the NFT winter feels colder than a penguin's native habitat.
Another day, another 76% 'correction' in digital art—Wall Street bankers are probably toasting with champagne while crypto bros cope with jpegs worth less than their minting fees.
DMarket takes top spot as Pudgy Penguins collapse
DMarket on the Mythos blockchain has claimed first place with $9.05 million in sales, up 12.11% from last week’s $8.07 million.
The collection processed 286,645 transactions and attracted 19,577 buyers and 15,873 sellers.
DX Terminal on Base fell to second with $7.56 million, down 20.58% from last week’s $9.99 million. The collection recorded 406,415 transactions with 100,205 buyers and 100,091 sellers.
Pudgy Penguins suffered a significant fall to third place. The collection garnered $3.8 million, plummeting 76.27% from last week’s $15.61 million. The ethereum collection saw just 128 transactions, with 73 buyers and 77 sellers.
Guild of Guardians Heroes on Immutable-Zk entered the rankings at fourth with $3.45 million, surging 41.06%. The collection had 2,837 transactions.
Two bitcoin BRC-20 NFT collections made the top seven. $ATMC BRC-20 NFTs placed fifth at $3.21 million, up 38.3%, while $?? BRC-20 NFTs landed in sixth at $2.9 million, up 57.5%.
Ethereum maintains lead despite steep decline
Ethereum held first position with $35.04 million in sales, down 65.64% from last week’s $102.67 million. The network recorded $4.06 million in wash trading, bringing its total to $39.10 million.
Despite the sales drop, buyers increased by 41.05% to 47,352.
Bitcoin jumped to second place with $13.17 million, up 11.14% from last week’s $10.11 million. The network saw 13,462 buyers, up 60.49%.
Base dropped to third with $10.19 million, down 19.8% from last week’s $13.20 million.
The blockchain recorded $4.90 million in wash trading, with buyers rising 13.56% to 257,187.
Mythos Chain climbed to fourth at $9.27 million, up 13.52% from last week’s $8.23 million. The blockchain attracted 33,791 buyers, up 42.9%.
Immutable (IMX) secured fifth position with $5.73 million and surged 41.05%. The network had 6,012 buyers, up 40.96%.
BNB Chain (BNB) placed sixth at $5.33 million, down 19.62% from last week’s $6.51 million. Buyers jumped 52.26% to 32,769.
Solana (SOL) landed in seventh with $4.92 million, down 6.23% from last week’s $5.40 million. The network recorded 30,713 buyers, up 40.36%.
Record-breaking Good deed NFT sale
A Good deed NFT shattered records with a $44.89 million sale (70,200,565.5751 ADA), transacted a day ago. This is one of the highest-value NFT sales in recent months.
Known Origin #264609 sold for $246,984.31 (63.8 ETH) six days ago.
Three CryptoPunks completed the top five:
- CryptoPunks #7839 sold for $174,846.97 (44.99 ETH) six days ago
- CryptoPunks #7378 sold for $173,119.61 (45 ETH) two days ago
- CryptoPunks #7461 sold for $167,646.53 (42 ETH) five days ago
