NFT sales rise to $39.85M as Pudgy Penguins jump 125%
- —Weekly NFT sales totaled $39.85 million, up 0.90% week over week
- —Ethereum led blockchains with $17.60 million, about 44.2% of global sales
- —Pudgy Penguins rose 125.66% to $1.5 million; Courtyard topped collections at $7.68 million
- —Buyer addresses fell 85.33% and transactions declined 6.92% to 778,055
Why it matters: Rising dollar volume alongside a sharp drop in buyers points to demand concentrated among large collectors and weak retail participation.
Source: crypto.news