Punk plummet: NFT sales slide despite record Ethereum prices

Punk plummet: NFT sales slide despite record Ethereum prices

Despite Ethereum’s price surge and a record-setting $2.5 million CryptoPunks sale, the NFT market is in steep retreat — with sales down 11% to $134.9 million.

Ethereum Price Surges 7.84% Despite 89.83% Drop in NFT Buyers

Ethereum’s price reached $4,201.46 on August 9, 2025, marking a 7.84% increase in the previous 24 hours [1]. This surge stands in stark contrast to the broader NFT market, where participation has plummeted. According to data from CryptoSlam, NFT buyers dropped by 89.83% to 73,900, while NFT sellers fell by 91.14% to 42,878 [3]. Total NFT sales declined 11% to $134.9 million, despite Ethereum’s price rally [3]. Ethereum remains the leading blockc…