NFT trading volume has surged over the past 24 hours as crypto markets tank taking floor prices of many top NFT collections along with it.
A long list of top NFT projects such as Bored Ape Yacht Club , Mutant Ape Yacht Club , Crypto Punks, and Sorare have all seen more than 100% increases in 24-hour trading volumes as investors look to snap upAccording to data from CryptoSlam, eight of the top 10 NFT projects in terms of 24-hour sales volume have posted at least a 115% increase in trading volume, with the only projects falling under that mark being Goblintown at 35.54% and Moonbirds at 64.11%.
Leading the pack is Yuga Labs’ BAYC NFTs, with a 262.79% surge over the past 24 hours to account for $7.1 million worth of sales.with MAYC, Otherdeed, and CryptoPunks posting 173.49%, 157.88%, and 122.69% surges in 24-hour trade volume to represent $3.4 million, $2.6 million and $2.5 million worth of sales respectively.Data from DappRadar also shows that OpenSea marketplace has been the biggest beneficiary of the increased trading volume over the past 24 hours, with the platform posting a 173.
In the past 24 hours, CryptoPunks #8620 and #5690 went for 275 ETH apiece while BAYC NFTs #393 and #3441 sold for 118 ETH and 105 ETH .
Sometimes it can cost too much usdt, don't really understand people who buy it
people are just accumulating it, and expecting that eth will come back on its price
The total drop in the value of ethereum mostly a driving factor, no?
Down down to goblinTown