NFT Market Takes a Dip as ETH Price Falls from Record High

The non-fungible token (NFT) market experienced a notable downturn over the past week, with top collections seeing significant floor price declines. This decline comes alongside Ethereum’s retreat from its recent record high of $4,957. Data reveals that top 10 NFT projects saw drops exceeding double digits, as measured by DeFiLlama and CryptoSlam. Blockchain sales rankings also experienced heavy volatility.