As Terra LUNA crashed, there was a sharp sale across the crypto market. Non-fungible tokens (NFTs) are also bearing the brunt of widespread sales pressure. On Saturday, NFTs rose by market capitalization, but sales fell.
According to CoinMarketCap data, the market capitalization of the NFT collection has now risen 1.2% to about $ 10.98 billion in the last 24 hours. However, during the period of sales volume, it decreased by more than 10% to about $ 29.93 million.
Today, top NFTs are trading in the green. Currently, FLOW has surged above 2.4%, ApeCoin above 6.7%, Decentraland MANA above 7%, Tezos above 9%, and Sandbox above 7.7%.
Since the beginning of May, the crypto market has been on sale after Terra UST lost its pegs, its sister token LUNA crashed to zero, and eventually delisted on many exchanges.
Global cryptocurrencies have a market capitalization of $ 1.26 trillion, up 2.44% from the previous day, according to real-time data from CoinMarketCap. However, the total crypto market for the last 24 hours was $ 5.55 billion, down 26.80%. In addition, the total amount of DeFi is currently $ 5.89 billion, 10.61% of the total amount of the 24-hour crypto market.
Bitcoin surged more than 2% but traded below $ 30,000. The coin was about $ 29,500.
The counterpart Ether has also risen by more than 2%, but has cleared the $ 2,000 level. It was about $ 1,978 now.
Meanwhile, the Terra USD fell nearly 15% to close to $ 0.05477. LUNA plunged more than 24% and traded at $ 0.008223
Over the last 7 days, Terra USD has flowed over 71%. Meanwhile, sister LUNA fell by more than 72%.
Every year, Terra LUNA has decreased by 100%.
Over the past seven days, NFT sales have increased by more than 3%, according to CoinMarketCap data. However, in the last 30 days, it has shifted by nearly 5%.
According to CrytoSlam data, NFT sales to date in May were $ 2.4 billion, with a total transaction count of 2,503,076. There are more unique sellers than buyers this month.
So far, the data show 421,356 unique buyers and 781,293 unique sellers in May.
NFT sales in April exceeded $ 3.69 billion and sales in March were $ 2.5 billion. January NFT sales exceeded a record $ 4.6 billion, but February sales slowed to over $ 3 billion.
In January of this year, the NFT so far recorded 1,008,363 unique buyers, while the number of unique sellers was 822,365. This month’s trading was also at a record level of 7,539,479.
CryptoSlam data revealed that the number of unique NFT buyers was also higher in February and March compared to unique sellers. But that has been reversed since April.
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