{"id":612392,"date":"2024-12-23T05:40:45","date_gmt":"2024-12-23T05:40:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=612392"},"modified":"2024-12-23T05:40:45","modified_gmt":"2024-12-23T05:40:45","slug":"ethereum-nfts-take-a-short-rest-start-the-new-week-down-28","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-nfts-take-a-short-rest-start-the-new-week-down-28","title":{"rendered":"Ethereum NFTs Take A Short Rest \u2013 Start The New Week Down 28%"},"content":{"rendered":"<p>The non-fungible token market appears to have taken a short recess after experiencing a robust bull run, marked by skyrocketing trading sales volumes and floor price values. The NFT market retested fresh Bull Run last week after Ethereum-based non-fungible token collections led by the globally acknowledged Pudgy Penguins exploded over 70% in trading sales volume and floor price value.<\/p>\n<h2>NFT Sales Fall 20% In The Past 24 Hours<\/h2>\n<p>Data compiled by <a href=\"https:\/\/www.cryptoslam.io\/\">cryptoslam.io<\/a>, an on-chain crypto assets market aggregator and a multi-chain non-fungible token explorer, shows that the non-fungible token market has slightly tanked again in sales volume. In the past 24 hours, the global NFT sales volume has plunged by 20% to reach $22 million. This light downturn comes after the recent Ethereum NFT bull run, which fueled the global NFT weekly sales volume past $300 million, faded.<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-612396\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Daily-trading-sales-volume-300x82.png\" alt=\"Daily trading sales volume\" width=\"841\" height=\"230\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Daily-trading-sales-volume-300x82.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Daily-trading-sales-volume-1024x281.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Daily-trading-sales-volume-768x211.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Daily-trading-sales-volume.png 1140w\" sizes=\"(max-width: 841px) 100vw, 841px\"><\/p>\n<p>In a similar context, Ethereum, the same blockchain network powering the famous crypto Ether and renowned in the global NFT market for hosting the majority of blue-chip NFT collections, has started the last week of December down +30% after the market rally cooled off. In the past 24 hours, the Ethereum-based NFTs have amassed a trading sales volume of $12 million, down 28% from the previous day.<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-612395\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Daily-NFT-sales-by-blockchain-networks-300x123.png\" alt=\"Daily NFT sales by blockchain networks\" width=\"841\" height=\"345\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Daily-NFT-sales-by-blockchain-networks-300x123.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Daily-NFT-sales-by-blockchain-networks.png 687w\" sizes=\"(max-width: 841px) 100vw, 841px\"><\/p>\n<p>Non-fungible tokens hosted on Bitcoin, the blockchain network renowned in the NFT market for powering Runes, Ordinals, and BRC-20 NFT collections, and Solana, an open-source blockchain network that supports smart contracts, including NFTs and various decentralized applications, have also recorded negative growth. In the past 24 hours, the Bitcoin-based NFTs have raised a trading sales volume of $3.02 million, while the Solana-based NFTs have amassed a trading sales volume of $2.4 million.<\/p>\n<h2>Top Selling Ethereum NFTs In The Past 24 Hours<\/h2>\n<p>Despite a short recess in the Ethereum NFT market, Pudgy Penguins, a non-fungible token series that features a limited edition of 8,888 cartoon penguin birds hosted on the Ethereum blockchain network, is the top-selling NFT collection in the NFT market. In the past 24 hours, the Pudgy Penguins NFT collection has amassed a trading sales volume of $1.4 million. During this period, Penguin&rsquo;s NFT sales volume has plunged by 25% from the past day.<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-612394\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Top-sellling-NFTs-in-the-past-24-hours-300x149.png\" alt=\"Top selling NFTs in the past 24 hours\" width=\"840\" height=\"417\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Top-sellling-NFTs-in-the-past-24-hours-300x149.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Top-sellling-NFTs-in-the-past-24-hours-83x40.png 83w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Top-sellling-NFTs-in-the-past-24-hours.png 684w\" sizes=\"(max-width: 840px) 100vw, 840px\"><\/p>\n<p>Blue-chip Azuki, a non-fungible token collection from the digital asset incubation studio Chiru Labs featuring a fixed supply of 10,000 anime-themed NFTs hosted on the Ethereum blockchain network, is today&rsquo;s second top-selling non-fungible token collection in the NFT market. In the past 24 hours, the Azuki NFT collection has recorded a trading sales volume of $1.2 million. The Azuki NFT sales volume has plunged by 55% from the past day.<\/p>\n<h3>Related NFT News:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/nft-sales-soar-34-this-week-to-reach-304m-insidebitcoins\">NFT Sales Soar 34% This Week To Reach $304M &ndash; InsideBitcoins<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/doodles-rises-1500-in-daily-nft-sales-over-potential-token-launch\">Doodles Rises +1,500% In Daily NFT Sales Over Potential Token Launch<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/fang-milady-founder-man-behind-the-biggest-nft-coin-cult\">Fang: Milady Founder &amp; Man Behind The Biggest NFT Coin $CULT<\/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     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