Blue-Chip NFT Sales Spike as Crypto Market Stalls

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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Sales of blue-chip NFT collections have seen an uptick, with the number of buyers and sellers surging over the past week.

The spike in NFT sales volume comes as investors seek alternative opportunities within the crypto ecosystem, particularly as traditional cryptocurrencies like Bitcoin and Ethereum show signs of consolidation.

According to data from CryptoSlam, NFT sales volume reached $92 million over the past week, up by around 13%.

The number of buyers and sellers has also surged over the past week, each rising by more than 75%.

BTC down
ETH down
SOL down
Alts down
Memes down

NFTs up

I'd almost forgotten what this felt like

Data from CryptoSlam further shows that blue-chip NFT collections are the main beneficiaries of the recent surge.

For one, the CryptoPunks NFT collection saw $7 million in sales last week, up by more than 400%.

Likewise, Bored Ape Yacht Club registered around $3.5 million in sales, up by more than 63%.

Other major collections, including Ordinals, Solana Monkey Business, MCSuperUser, and Mutant Ape Yacht Club, also saw a surge in sales volume, up by 320%, 113%, 1,409%, and 7% over the past week.

In terms of blockchains, Ethereum-based NFTs saw the highest level of activity, registering over $34 million in sales volume in the past week, up by more than 40%.

Solana-based NFTs follow with $18.5 million in sales volume, up 12% over the past week.

It is worth noting that the floor price of blue-chip NFTs have also seen an uptick as of late.

According to data from NFT Price Floor, the floor price of CryptoPunks has