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The <a href="https://nft.news/" target="_blank" rel="noopener noreferrer nofollow">NFT</a> sales have been constantly dropping since early 2022. The floor prices of some of the top NFT collections plunged further over the past week. 
According to data provided by CoinGecko, over the past week, the floor prices of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) declined by 21% and 27%, respectively. 
Per the price aggregator, the starting cost of a BAYC collectible sits at 24.5 Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>), worth around $41,060 at the time of writing. 
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 NFT Floor Price Δ % Over the Past Week 🔴 • MAYC -27% • Azuki -25% • Moonbirds -25% • BAYC -21% • Cool Cats -20% • Doodles -19% • Azuki Elementals -19% • DeGods – 15% • Pudgy Penguins -12% • CryptoPunks -11%— CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1694593089464357137?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 24, 2023</a> 
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MAYC’s floor price is currently at 4.6 ETH, worth roughly $7,700 with a $150.15 million market capitalization. 
Moreover, Azuki and Moonbirds <a href="https://crypto.news/fiba-launches-nft-collection-for-basketball-world-cup/" rel="noopener noreferrer nofollow">NFTs</a> both recorded 25% drops over the past week. The floor prices of each collection currently stand at 3.9 ETH ($6,535) and 1.24 ETH ($2,080), respectively.&nbsp; 
Other collections — Cool Cats, Doodles, Azuki Elementals, DeGods, Pudgy Penguins, and CryptoPunks — also registered notable declines over the past seven days. 
 You might also like: <a href="https://crypto.news/coca-colas-masterpiece-nft-collection-boasts-543660-in-earnings/" rel="noopener noreferrer nofollow"> McDonald’s Singapore launches Grimace NFT collectibles </a> 
The downfall comes while the amount of NFT sales over the past 24 hours, according to CryptoSlam, <a href="https://www.cryptoslam.io/nftglobal?headerPeriod=1d&amp;timeFrame=year" target="_blank" rel="noopener noreferrer nofollow">reached</a> $13.51 million, marking a 2.89% hike. The global NFT trading volume came from a total of 345,911 transactions. 
Furthermore, data provided by CryptoSlam shows that the global annual NFT sales plunged from roughly $23.5 billion on Jan. 1, 2022, to $5.5 billion on Jan. 1, 2023. 
Most NFT all-time sales have been done on the <a href="https://dappradar.com/rankings/nft/marketplaces?range=all" target="_blank" rel="noopener noreferrer nofollow">OpenSea</a> marketplace — reaching almost $36 billion. 
According to a crypto.news report on Aug. 23, a former OpenSea executive, Nathanial ‘Nate’ Chastain, has been <a href="https://crypto.news/opensea-former-exec-imprisoned-for-nft-insider-trading/" rel="noopener noreferrer nofollow">charged</a> with insider trading and money laundering. Chastain is sentenced to three months in jail and is obliged to return the assets he gained from his activities. 
 Read more: <a href="https://crypto.news/opensea-former-exec-imprisoned-for-nft-insider-trading/" rel="noopener noreferrer nofollow"> OpenSea former exec imprisoned for NFT insider trading </a>

Top NFT floor prices plunge while sales slightly hike

crypto.news

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