
Pudgy Penguins’ PENGU token jumps 13% despite NFT sales dropping over 50%, fueled by a viral marketing campaign.
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NFTs had a total sales volume of $8.8 billion in 2024, surpassing their record in 2023 by over $100 million.
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Ethereum NFT collections surged, driving weekly sales volumes above $300 million.
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OpenSea told Cointelegraph that the foundation in the Cayman Islands was a registered entity.
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The Ethereum blockchain recorded $92 million in weekly NFT sales, driven by interest in collections like CryptoPunks and Pudgy Penguins.
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NFTs have started to recover, recording a monthly sales volume of $562 million in November.
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NFTs recorded a weekly sales volume of $158 million, showing a strong weekly performance compared to the start of November.
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NFTs continue to recover as weekly sales volumes hit $181 million, surging 94% week-on-week.
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NFT whales on the BNB Chain ecosystem drove an increase in trading volume in the third quarter of 2024.
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NFTs have started to recover as monthly sales volumes surged by 18% and total transactions shot up to 7.2 million.
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