NFTs Start The New Week Up 29% - Ethereum NFT Sales Pump 60% In The Past 24 Hrs

NFTs Start The New Week Up 29% – Ethereum NFT Sales Pump 60% In The Past 24 Hrs

Updated: 16 October 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

The non-fungible token market has started the new week strong after gaining some market hype in the past weekend. The global NFT market pumped more than 20% on Saturday after the United States Securities and Exchange Commission failed to appeal its initial ruling against Grayscale.

The United States Securities and Exchange Commission had until Friday last week to appeal the ruling. Grayscale filed a lawsuit last year after the commission failed to approve its exchange-traded fund. In August, the District of Columbia Court ruled that the SEC was wrong for failing to permit Grayscale to covert its Bitcoin trust fund into an ETF.

🚨 BREAKING: Benzinga reports the SEC will not pursue an appeal in the Grayscale case.

It is unlikely that the SEC will escalate the matter to the Supreme Court.

As a result, it is highly probable that the SEC and Grayscale will start discussions about conversion next week. pic.twitter.com/Cn23eT7Z6Q

— Bitcoin News (@BitcoinNewsCom) October 13, 2023

NFT Sales Pump 29% In The Past 24 Hours

Data compiled by CryptoSlam.io, an on-chain data aggregator, shows that the global NFT market is slightly up this week, probably due to the bullish SEC news over the weekend. In the past 24 hours, the NFT market has attracted a trading sales volume of $9.7 million. The NFT market is up 29% this new week.

Non-fungible token hosted on Ethereum, the largest blockchain network for NFTs, is the most traded NFT collection this week. In the past 24 hours, Ethereum-based NFTs have recorded a trading sales volume of $5.8 million. Ethereum-based NFTs are up 61% in sales this week.

Digital collectibles hosted on Mythos Chain are today’s second most traded NFT collection. In the past 24 hours, Mythos Chains NFTs have amassed a sales volume of $1.3 million. During this period, Mythos Chain NFTs are up 4.5% in sales volume.

This week, Solana and Immutable X-based NFTs are the third and fourth most traded NFT collections. In the past 24 hours, Solana and Immutable X-based NFTs have attracted a trading sales volume of $873,992 and $656,955, respectively. Solana NFTs are up 3.49%, while Immutable X is up 6.05%.

Winds Of Yawanawa NFTs Pump 767% In The Past 24 Hrs

The Winds of Yawanawa, an NFT collection featuring a limited supply set of 1,000 digital art pieces minted and dropped exclusively on Scorpios NFT marketplace, is the most traded NFT collection today. In the past 24 hours, the NFT collection has attracted a trading sales volume of $1.3 million. The Winds of Yawanawa NFTs are up 767% in sales.

Launched in July, the Winds of Yawanawa is a non-fungible token collection from the famous Turkish-American new media artist Refik Anadol in partnership with the Yawanawá community, who are indigenous to the renowned Brazilian Amazon forest. The NFT collection was created to preserve the cultural and natural heritage of the Brazilian Amazon forest region.