Pudgy Penguins Leads Historic NFT Rally as Market Shows Strength Amid Crypto Market Volatility

The NFT market has shown strength amid crypto market volatility, according to the latest data from CryptoSlam.

The NFT market has seen a surge in activity this week, with total sales volume increasing by 32.93% to reach $302.2 million, according to the latest data from CryptoSlam.

This marks a significant rise from last week's sales of $224 million. The market also saw growth across all key indicators.

Ethereum (ETH) NFT sales volume surged to $199.9 million, showing a 73.56% increase in the last seven days.

The network attracted 44,220 buyers, indicating a 39.73% growth. Interestingly, wash trading also saw a more than doubling with a 122.67% increase to reach $105.1 million.

Bitcoin (BTC) NFT ecosystem sales volume slipped to $39.7 million this week, indicating a 23% decrease in the last seven days.

However, the network showed decent growth in user engagement with 38,987 buyers.

Solana (SOL) NFT sales strengthened to reach $29.9 million this week, showing a modest 5.14% increase from last week.

The network continues to show strong user participation with 104,958 buyers, indicating a 108.45% increase.

Mythos Chain (MYTH) maintained fourth place with $10.8 million in sales, while ImmutableX (IMX) and Polygon (POL) also featured in the top rankings with $6.9 million and $4.8 million, respectively.

Pudgy Penguins led the historic rally with a nearly doubled sales volume to reach $53.9 million, indicating a 90% increase.

Their ecosystem expansion was fueled by major growth in both transactions (104% increase) and unique buyers (81% increase).

LilPudgys stood in second place with $19.4 million in sales, indicating a 53.57% increase. Azuki followed in third with $16.9 million in sales, showing a growth of 108.19%.

Doodles made an entry into the top five with $13.4 million in sales, indicating a growth of 226.08%, while BRC-20 NFTs closed the top five with $9.2 million in sales.

Some notable individual sales this week include:

Bitcoin is currently trading at around $97,450, showing a slight recovery from its recent dip below $95,000.

Ethereum also bounced back to $3,400 from its recent low of $3,098. It’s currently trading at around $3,403.48.

The global cryptocurrency market capitalization currently stands at $3.41 trillion, indicating a decline from last week's $3.63 trillion.