Why did NFT sales decline between May 4 and May 11, 2024?

NFT sales declined by 11.35% during this period, likely due to ongoing market cooling and reduced buyer activity. Bitcoin-based NFT transactions also decreased by 13%, reflecting a broader slowdown in the NFT marketplace.

How did Bitcoin-based NFT transactions perform in the latest week?

Bitcoin-based NFT transactions totaled $49.8 million from May 4 to May 11, 2024, but this represented a 13% decrease compared to the previous week, indicating a decline in high-profile NFT trading activity.

What is the current trend in the NFT marketplace?

The NFT marketplace is experiencing a continued decline in sales and transaction volume, suggesting that the market is cooling down after a period of heightened activity. This trend may impact future NFT trading and marketplace strategies.

NFT Sales See Week-Over-Week Decline As Market Continues To Cool

Bitcoin TradingMarch 19, 2026

NFT Sales See Week-Over-Week Decline as Market Continues to Cool

Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip for Another Week As another week concludes, the metrics […]

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