The drop in the value of ETH has spurred a buying frenzy of blue-chip NFTs as Bored Ape Yacht Club, and CryptoPunks dominate the top 10 sales regarding value over the past week. The most expensive NFT to change hands in the last seven days was Bored Ape Yacht Club #7537 for 1,024 ETH, or around $1.1 million. At the same time, CryptoPunk#2964 sold for 444 ETH, or $477,815.
Outside the top ten sales, we see some exciting deals for Fidenza, part of the ArtBlocks collection, where two NFT generative art pieces changed hands for 200 and 130 ETH, respectively. Other impressive sales include Noun 126 for 95 ETH, or around $102,000. An Axie named Dmitri from the play-to-earn game Axie Infinity sold for over $100,000, while a land plot in SPLINTERLANDS changed hands for more than 1.1 million WAX, or almost $100,000.
You can easily find, analyze and compare NFTs to make informed purchase decisions with the DappRadar NFT Collections Explorer.
Check out the complete list of NFT Sales Highlights below, or watch the handy video for a quick view.
NFT Sales Highlights – Week 25
- Bored Ape Yacht Club #7537 – $1,100,000 / 1,024 ETH – Buyer’s wallet
- CryptoPunk #2964 – $477,815 / 444 ETH – Buyer’s wallet
- Fidenza #288 – $139,900 / 130 ETH – Buyer’s wallet
- Fidenza #935 – $219,560 / 200 ETH – Buyer’s wallet
- Noun 126 – $102,235 / 95 ETH – Buyer’s wallet
- Dmitri Axie Infinity – $101,810 / 101.69 WETH – Buyer’s wallet
- Splinterlands Land #1099599645734 – $99,100 / 1,160,000 WAX – Buyer’s wallet
- Chromie Squiggle #45 – $107,747 / 100 ETH – Buyer’s wallet
- CloneX #17106 – $94,817.36 / 88 ETH – Buyer’s wallet
- RAREPEPE Nakamoto Card – 80,810.25 / 75 ETH – Buyer’s wallet
Blue-Chip NFT Fire Sale
The price of ETH has fallen more than 40% in the last ten days, resulting in opportunities for those wanting to get their hands on blue-chip NFTs from leading collections. The floor price for a CryptoPunk is down by almost 20% to around $51,000. While the floor price of BAYC NFTs is up slightly to $99,310, however, average sale prices are down more than 35%.
Otherside is Yuga Labs’ latest NFT land offer, and it looks like the collection still attracts top sales almost two months after the initial mint. Against falling crypto valuations, the floor price for an Otherdeed NFT is 2.41 ETH, or about $2,600, according to the DappRadar NFT Explorer. Trades of Otherdeed NFTs are up more than 57%, while sales are up over 122% over the last seven days.
In-game NFTs
Two particularly interesting sales took place over the past seven days for NFT items associated with popular play-to-earn games. First, an Axie named changed hands for 101.69 ETH, or more than $100,000, while a land plot in Splinterlands sold for more than 1.1 million WAX, or around $99,000.
One thing is clear looking at these very different projects. Despite the bear market trends and the crashing crypto-token prices, the NFT space is full of life and activity. Investors are still eager to build up their collections, and new approaches to launching NFT projects are popping up, drawing in even more sales.
DappRadar will continue monitoring the NFT space as it pushes against the bear trends. If you want a detailed breakdown of your collection’s worth an estimated value, check out our Portfolio Tracker tool. Alternatively, you can browse around for your next crypto purchase with the new NFT Explorer tool, giving you detailed information about all NFTs in your collections of interest.
Popular NFT collections can provide a hedge against fluctuating token prices. Therefore it’s important to stay up-to-date with upcoming NFT collections, but also the value of existing ones. Using the NFT Explorer can give you insight into the price of hundreds of NFT collections on the market. Simply go to your own DappRadar Portfolio Hub, connect your wallet, and get started.
The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research. The writer holds positions in various cryptocurrencies, including BTC, ETH, and RADAR.
