NFT Sales Plummet to $92M: Market Cooling After Summer Surge

The NFT market experienced a significant downturn last week with sales volume plummeting to just $91.96 million, the lowest point since mid-June. The decline signifies a cooling trend following the summer’s strong performance. 📈 Unique buyers have significantly shrunk, dropping 58% since June, while sellers saw a similar 43% drop. Additionally, the average sale price took a tumble from $104 in August to $72 in early September – a 30% decrease in just two weeks. Despite this market dip, transaction counts remained strong at 1.27 million. 🛍️ 🤝 #NFT