{"id":10036,"date":"2025-07-12T19:53:03","date_gmt":"2025-07-12T19:53:03","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=10036"},"modified":"2025-07-12T19:53:08","modified_gmt":"2025-07-12T19:53:08","slug":"nft-market-climbs-20-to-122m-despite-massive-drop-in-buyers-and-sellers","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/07\/12\/nft-market-climbs-20-to-122m-despite-massive-drop-in-buyers-and-sellers\/","title":{"rendered":"NFT Market Climbs 20% to $122M Despite Massive Drop in Buyers and Sellers"},"content":{"rendered":"\n<p>The NFT market delivered a surprisingly strong performance this past week, with <strong>sales jumping 20.67% to $122.6 million<\/strong> even as the number of active buyers and sellers <strong>plummeted by more than 80%<\/strong>. The data paints a picture of a market where big money is still flowing, but through far fewer hands.<\/p>\n\n\n\n<p><strong>Ethereum Reclaims the Throne, Bitcoin Surges<\/strong><\/p>\n\n\n\n<p><strong>Ethereum<\/strong> has reclaimed its position as the top blockchain for NFT sales, racking up <strong>$50 million<\/strong>, a whopping <strong>133.36% increase<\/strong> from the week before. Meanwhile, <strong>Bitcoin<\/strong> made an impressive leap from sixth place to second, fueled by the broader crypto rally that saw <strong>BTC hitting a new all-time high of $117,000<\/strong> and <strong>ETH rising 17%<\/strong> over the past seven days. Bitcoin NFT sales totaled <strong>$15.5 million<\/strong>, up <strong>50.12%<\/strong> week-over-week.<\/p>\n\n\n\n<p>Despite the market\u2019s shrinking user base, top collections like <strong>f(x) wstETH<\/strong> and <strong>Pudgy Penguins<\/strong> posted dramatic gains, driven by institutional activity and big-ticket trades including multiple <strong>six-figure sales of Autoglyph NFTs<\/strong>. It\u2019s a market paradox: fewer participants, but soaring valuations.<\/p>\n\n\n\n<p><strong>Participation Collapses Across the Board<\/strong><\/p>\n\n\n\n<p>According to figures from <strong>CryptoSlam<\/strong>, the NFT market\u2019s user base has eroded significantly. The number of buyers <strong>fell 89.08% to 88,157<\/strong>, while sellers dropped <strong>82.62% to 56,817<\/strong>. However, the <strong>number of transactions remained relatively stable<\/strong>, inching up by <strong>1.63% to 1,357,999<\/strong>.<\/p>\n\n\n\n<p>Ethereum\u2019s dominance came with some caveats, as <strong>wash trading volumes doubled<\/strong> this week to <strong>$3.9 million<\/strong>, a <strong>101.59% increase<\/strong>.<\/p>\n\n\n\n<p><strong>Blockchain Rankings Shake Up<\/strong><\/p>\n\n\n\n<p>Here\u2019s how the major blockchains stacked up by NFT sales volume this week:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ethereum<\/strong>: $50 million (<strong>+133.36%<\/strong>)<\/li>\n\n\n\n<li><strong>Bitcoin<\/strong>: $15.5 million (<strong>+50.12%<\/strong>)<\/li>\n\n\n\n<li><strong>Polygon (POL, ex-MATIC)<\/strong>: $14.6 million (<strong>-41.86%<\/strong>), with wash trading rising <strong>59.20% to $914,413<\/strong><\/li>\n\n\n\n<li><strong>Mythos Chain<\/strong>: $14 million (<strong>-2.43%<\/strong>)<\/li>\n\n\n\n<li><strong>BNB Chain<\/strong>: $7.8 million (<strong>-17.74%<\/strong>)<\/li>\n\n\n\n<li><strong>Immutable (IMX)<\/strong>: $6.3 million (<strong>-28.74%<\/strong>)<\/li>\n<\/ul>\n\n\n\n<p>Across all blockchains, <strong>buyer counts have declined sharply<\/strong>, with Ethereum seeing an <strong>86.74% drop<\/strong>, Polygon falling <strong>88.87%<\/strong>, and Bitcoin slipping <strong>80.22%<\/strong>.<\/p>\n\n\n\n<p><strong>Top NFT Collections See Wild Swings<\/strong><\/p>\n\n\n\n<p>The biggest star of the week was <strong>f(x) wstETH<\/strong>, which soared to the top of the collection rankings with <strong>$15.8 million in sales<\/strong>, marking a staggering <strong>2,056.28% surge<\/strong>. This spike came despite a tiny user base, driven almost entirely by <strong>institutional activity<\/strong>, with only <strong>26 buyers and a single seller<\/strong>.<\/p>\n\n\n\n<p>Other notable collections this week included:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The Courtyard<\/strong> on Polygon fell to second place with <strong>$12.3 million<\/strong> in sales, down <strong>35.06%<\/strong>. It also saw declines in buyers (<strong>-32.75%<\/strong>) and sellers (<strong>-14.59%<\/strong>).<\/li>\n\n\n\n<li><strong>DMarket<\/strong> held third place with <strong>$8.9 million<\/strong>, a modest <strong>3% dip<\/strong>.<\/li>\n\n\n\n<li><strong>Bitcoin\u2019s BRC-20 NFTs<\/strong> climbed into fourth, generating <strong>$4.3 million<\/strong>, a significant <strong>74.64% jump<\/strong>.<\/li>\n\n\n\n<li><strong>Pudgy Penguins<\/strong> burst into the top five with <strong>$3.2 million<\/strong>, surging <strong>130.49%<\/strong>. The collection doubled its transaction volume (<strong>+100%<\/strong>), and saw increases in both buyers (<strong>+146.43%<\/strong>) and sellers (<strong>+107.89%<\/strong>).<\/li>\n<\/ul>\n\n\n\n<p>Meanwhile, <strong>Guild of Guardians Heroes<\/strong>, which previously topped the charts, <strong>vanished entirely from the top collections this week<\/strong>.<\/p>\n\n\n\n<p><strong>Biggest NFT Sales of the Week<\/strong><\/p>\n\n\n\n<p>Several high-value NFT sales grabbed headlines, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Autoglyphs #195<\/strong> sold for <strong>95 ETH ($283,623)<\/strong><\/li>\n\n\n\n<li><strong>Otherdeed Expanded #7<\/strong> sold for <strong>100 WETH ($278,128)<\/strong><\/li>\n\n\n\n<li><strong>Autoglyphs #194<\/strong> fetched <strong>215,000 USDC ($215,000)<\/strong><\/li>\n\n\n\n<li><strong>Autoglyphs #139<\/strong> went for <strong>75 WETH ($189,994)<\/strong><\/li>\n\n\n\n<li><strong>BOOGLE<\/strong> sold for <strong>1,150.02 SOL ($174,304)<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>The Takeaway<\/strong><\/p>\n\n\n\n<p>While NFT sales dollars are surging, the market is consolidating around fewer participants and bigger transactions. The week\u2019s data underscores the growing role of institutional players and high-net-worth collectors in keeping NFT trading alive even as everyday buyer and seller numbers continue to tumble.<\/p>\n\n\n\n<p>It\u2019s a fascinating paradox for NFTs: fewer traders, but bigger money.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NFT market delivered a surprisingly strong performance this past week, with sales jumping 20.67% to $122.6 million even as the number of active buyers and sellers plummeted by more than 80%. The data paints a picture of a market where big money is still flowing, but through far fewer hands. Ethereum Reclaims the Throne,&#8230;<\/p>\n","protected":false},"author":3,"featured_media":10037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[69,301,291],"class_list":["post-10036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-bitcoin","tag-ethereum","tag-nft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NFT Market Climbs 20% to $122M Despite Massive Drop in Buyers and Sellers - Crypto News<\/title>\n<meta name=\"description\" content=\"NFT market sales surged 20% to $122.6 million this week, led by Ethereum and Bitcoin, even as active buyers and sellers plunged over 80%. 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