Traces of devastation Now it hits NFTs too

Weakening courses, falling demand: The crypto downtrend is also dragging down the NFT market.

Daily trading volume on top-volume marketplaces has fallen to $37 million, down 97 percent from early May, data from analytics platform Dune shows.

On peak days in January, the daily trading volume was still over a billion US dollars.

The prices of NFT collections like the CryptoPunks, Bored Ape Yacht Club (BAYC) or Meebits have also fallen.

The minimum price for a BAYC NFT has fallen from 152 ethers at the end of April to currently 80 ethers and thus just under 100,000 US dollars .

The “Floor Price” for a CryptoPunk by 15 Ether in the same period.

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