{"id":565044,"date":"2024-08-15T11:53:48","date_gmt":"2024-08-15T11:53:48","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=565044"},"modified":"2024-08-15T11:53:27","modified_gmt":"2024-08-15T11:53:27","slug":"bored-ape-pudgy-penguins-soar-100-in-daily-sales-volume-are-nfts-back","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bored-ape-pudgy-penguins-soar-100-in-daily-sales-volume-are-nfts-back","title":{"rendered":"Bored Ape &amp; Pudgy Penguins Soar +100% In Daily Sales Volume &#8211; Are NFTs Back?"},"content":{"rendered":"<p>The non-fungible token market is back to an upside trend after several months of downward spiral. The global NFT market went down earlier this year after the hype in the Bitcoin NFT ecosystem, which started sometime in November 2023, faded and paved the way to memecoin mania. In this article, we shall explore some factors fueling the recent market hype.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Imagine the <a href=\"https:\/\/twitter.com\/hashtag\/NFT?src=hash&amp;ref_src=twsrc%5Etfw\">#NFT<\/a> market coming back &#128018; Long Live JPEGs &#128444;&#65039; <a href=\"https:\/\/twitter.com\/hashtag\/BAYC?src=hash&amp;ref_src=twsrc%5Etfw\">#BAYC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/MAYC?src=hash&amp;ref_src=twsrc%5Etfw\">#MAYC<\/a> <a href=\"https:\/\/t.co\/tGt2UZUYOB\">pic.twitter.com\/tGt2UZUYOB<\/a><\/p>\n<p>&mdash; viejosimio (@viejosimio) <a href=\"https:\/\/twitter.com\/viejosimio\/status\/1824043295913181344?ref_src=twsrc%5Etfw\">August 15, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Daily NFT Sales Soar 24%<\/h2>\n<p>Data compiled by <a href=\"https:\/\/www.cryptoslam.io\/\">CryptoSlam.io<\/a>, an on-chain crypto market data aggregator and a non-fungible token explorer, shows that the global non-fungible token market has surged in trading sales volume and floor price values. In the past 24 hours, the global non-fungible token market has raised a trading sales volume of $14 million, up 24% from the past day.<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-565046\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Daily-NFT-Sales-1-300x83.png\" alt=\"Daily NFT Sales\" width=\"842\" height=\"233\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Daily-NFT-Sales-1-300x83.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Daily-NFT-Sales-1-1024x284.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Daily-NFT-Sales-1-768x213.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Daily-NFT-Sales-1.png 1141w\" sizes=\"(max-width: 842px) 100vw, 842px\"><\/p>\n<p>In the recent bullish market change, Ethereum, the blockchain network powering most blue-chip NFTs, is leading with over $6 million in trading sales volume. In the past 24 hours, Ethereum NFT sales volume has surged 58% from the past day. Solana, a public, open-source blockchain network that supports smart contracts, including non-fungible tokens and various decentralized applications, has followed Ethereum with a $3 million daily NFT sales volume.<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-565047\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Daily-NFT-sales-by-chains-300x130.png\" alt=\"Daily NFT sales by chains\" width=\"842\" height=\"365\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Daily-NFT-sales-by-chains-300x130.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Daily-NFT-sales-by-chains.png 634w\" sizes=\"(max-width: 842px) 100vw, 842px\"><\/p>\n<p>Bitcoin, the same blockchain network powering the flagship crypto, Bitcoin, and renowned in the NFT market for hosting Bitcoin Ordinals, Runes and BRC-20 non-fungible token collections, is another top gainer amid the NFT market resurgence. In the past 24 hours, Bitcoin-based NFTs have attracted a trading sales volume of $1.9 million, up 20% from the past day.<\/p>\n<h2>Bored Ape &amp; Pudgy Soar +100% In Daily Sales<\/h2>\n<p>Bored Ape Yacht Club, a non-fungible token collection from the digital asset incubation studio Yuga Labs that features a fixed supply of 10,000 NFTs hosted on the Ethereum blockchain network, is among the top gainers today. In the past 24 hours, Bored Ape Yacht Club NFT collection has recorded a trading sales volume of $1.5 million, up 196% from the past day.<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-565048\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Bored-Ape-NFT-300x91.png\" alt=\"Bored Ape NFT\" width=\"844\" height=\"256\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Bored-Ape-NFT-300x91.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Bored-Ape-NFT.png 702w\" sizes=\"(max-width: 844px) 100vw, 844px\"><\/p>\n<p>Pudgy Penguins, a non-fungible token collection from the digital asset firm and toy brand Igloo Inc. featuring a limited edition of 8,888 cute penguins birds hosted on the Ethereum blockchain network, is another NFT collection that has surged in sales today. In the past 24 hours, the Pudgy Penguins NFT collection has amassed a trading sales volume of $847,504, up 632% from the past day. The recent surge in Bored Ape and Pudgy shows that the NFT market bull run is still imminent.<\/p>\n<h3>Related NFT News:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/crypto-and-nft-hardware-wallet-creator-ledger-marks-10-years-since-launch\">Ledger Launches New Crypto &amp; NFT Hardware Wallets To Mark 10 Years Since Launch<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/nft-company-pudgy-penguins-confirms-attendance-at-coinfest-asia-2024-in-bali-indonesia\">NFT Company Pudgy Penguins Confirms Attendance At Coinfest Asia 2024 In Bali, Indonesia<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/tech-giant-samsung-joins-illuvium-to-bring-nft-games-to-its-web3-enabled-tvs\">Tech Giant Samsung Joins Illuvium To Bring NFT Games To Its Web3-Enabled TVs<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">PlayDoge (PLAY) - Newest ICO On BNB Chain<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/playdoge.svg\" alt=\"PlayDoge\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>2D Virtual Doge Pet<\/li>\n                                                                                                    <li>Play To Earn Meme Coin Fusion<\/li>\n                                                                                                    <li>Staking &amp; 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The global NFT market went down earlier this year <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1882,"featured_media":565050,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bored Ape &amp; Pudgy Penguins Soar +100% In Daily Sales Volume - Are NFTs Back?<\/title>\n<meta name=\"description\" content=\"The non-fungible token market is back to an upside trend after several months of downward spiral. 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Dominic holds a Bachelor's degree in Journalism, Media and Mass Communication Studies and has been blogging and producing educational materials for retail investors in the financial markets since graduating. Dominic also produces his own NFT and crypto newsletter, taking the initiative to set up his own mailing list with free articles which he uses for reverse outreach to leading media publications. Find and subscribe to that on Substack.","sameAs":["https:\/\/www.linkedin.com\/in\/dominic-kimani-633ba31b2?lipi=urnlipaged_flagship3_profile_view_base_contact_detailsZjwLB50NTrGSuvuR6WrgPw","https:\/\/twitter.com\/domkim2030"],"gender":"male","knowsAbout":["Cryptocurrency","Trading","Investing"],"jobTitle":"Editor","url":"https:\/\/insidebitcoins.com\/author\/dominic"}]}},"modified_by":"Dominic Kimani","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/565044"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1882"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=565044"}],"version-history":[{"count":3,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/565044\/revisions"}],"predecessor-version":[{"id":565054,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/565044\/revisions\/565054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/565050"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=565044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=565044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=565044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}