NFT Market Tanks to $104.5M While CryptoPunks Defy Gravity With Green Surge

Digital collectibles hit an air pocket as overall sales crater—but one blue-chip collection bucks the trend hard.

The Great Unwinding

NFT volumes just got mauled. Total sales plummeted to $104.5 million, wiping out speculative froth faster than a meme stock crash. Retail's jumping ship—blame macro fears, regulatory haze, or just plain exhaustion from overhyped jpegs.

Punks Play By Their Own Rules

Meanwhile, CryptoPunks laugh in the face of gravity. Sales actually climbed, proving once again that top-tier assets don't follow market rules. They set them. While flimsy derivative projects got rekt, OG digital artifacts held their ground—and then some.

It's almost like scarcity and provenance matter more than influencer shills and roadmap promises. Who knew? Maybe the 'investors' chasing 100x moon shots should've just bought the real thing. But where's the fun in that? Certainly not in making actual money.

Ethereum maintains lead in sales

Ethereum has maintained its leading position with $37.7 million in sales, falling 29.88% from the previous week. Ethereum’s wash trading has plummeted by 68.03% to $6.4 million.

Polygon (POL) has held second place with $15.7 million, declining 17.43%. Mythos Chain sits in third with $10.1 million, down 1.73%.

BNB Chain (BNB) occupies fourth position with $9.5 million, falling 23.59%. Bitcoin rounds out the top five with $7.8 million, declining 32.40%. Solana (SOL) holds sixth place with $5.1 million, down 6.81%.

The buyer count has increased across all major blockchains, with Polygon leading at 38.34% growth, followed by BNB Chain at 23.11% and Ethereum at 21%.

Courtyard on Polygon has retained the top spot in collection rankings with $14.6 million in sales, declining 17.41%. The collection has seen massive growth in sellers (333.68%) while buyers fell by 18.39%.

CryptoPunks post modest growth

CryptoPunks has maintained second place with $8 million, posting modest growth of 4.73%. This is one of the few collections showing positive performance amid the broader market drop.

DMarket holds the third position with $4.8 million, down 4.81%. DKTNFT on BNB Chain sits in fourth with $3.9 million, up 7.84%.

Panini America has entered the top five with $3.1 million, surging 46.16%. The sports card collection has benefited from growing interest in digital trading cards.

Guild of Guardians Heroes completes the top six with $2.8 million, declining 27.50%. The gaming collection has seen decreases across all metrics.

Notable high-value sales from this week include:

• CryptoPunks #5898 sold for 100 ETH ($445,786)
• CryptoPunks #843 sold for 90.1 ETH ($403,268)
• CryptoPunks #9721 sold for 81 ETH ($361,995)
• CryptoPunks #490 sold for 80 ETH ($345,757)
• Known Origin #88512 sold for 70 ETH ($307,384)