The non-fungible token market is facing an imbalance, with key metrics at a yearly low and more sellers than buyers. Read more on Coin Edition.
- The NFT market has seen more sellers than buyers throughout the month of April, according to data from NFTGo.
- Key metrics for NFTs, such as sales, volume, and unique users are at a yearly low, leading to speculation about potential causes.
- The declining data has prompted discussions within the NFT community.
The NFT market has seen a persistent surplus of sellers compared to buyers throughout the month of April, according to data from analytics platform NFTGo. On April 26th, 8,641 sellers were recorded, compared to 7,907 buyers.
This trend is concerning for sellers as there has not been a single day in April when the number of buyers surpassed the number of sellers, signaling a potential lack of demand. The last recorded day where buyers exceeded sellers was March 11.