The non -bubble tokens market (NFT) lost more than $ 1.2 billion in less than a week as Ether was slowed down, according to sector data.
On Monday, data on NFT prices have shown that the total NFT collections evaluation fell to $ 8.1 billion, a drop of 12% compared to NFT’s market capitalization on Wednesday $ 9.3 billion, which had jumped 40% since July.
NFTS losing $ 1.2 billion in less than a week evaluation coincided with a 9% drop in ether prices (ETH). At the time of writing the editorial staff, Cointelegraph data showed that ETH exchanged $ 4,260, down compared to a summit of around $ 4,700 on Wednesday.
Many NFTs are struck on the Ethereum network. With evaluations and sales denominated in ETH, bullish or bearish momentum in cryptographic assets often results in increased or decreased value in the NFT sector. While the ETH has dropped by 4% in the last 24 hours, the majority of the first 10 collections have also shown a drop in value.
NFT market capitalization decreases by more than 12% as the ETH decreases
Although he continued to be the best collection by market capitalization, cryptopunks have seen around $ 300 million suffered from the value of the collection.
At the time of writing this document, data showed that this was worth $ 2.1 billion, down 12% compared to its market capitalization of 2.4 billion on Wednesday.
Cryptoslam data have shown that the volume of sales of the collection has reached $ 12.7 million, a decrease of 34% in the last seven days. Total sales only reached 51, down 28% last week.
The APE Yacht Club (BAYC), which was ranked second in the overall NFT market capitalization on Wednesday, fell in third place on Monday, while the collection increased to $ 482.3 million.
This represented a drop of almost 20% compared to the $ 602 million on Wednesday.
In relation: NFT sales reach $ 574 million in July, second higher in 2025
Penguins exceed monkeys in market capitalization
Meanwhile, grass -penguins have reached the second highest evaluation despite the erasure of around $ 100 million in global value.
Monday, the market capitalization of the collection was $ 491 million, down 17% compared to $ 591 million on Wednesday.
Last week, the blockchain company listed on the stock market BTCS Inc. announced that it had added three NFT of fatty penguins to its digital business treasure.
This has shown that companies are starting to recognize the first -rate NFT collections as legitimate assets for the diversification of the Treasury.
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