In a gut-punching setback for the NFT sector’s comeback dreams, total sales across major blockchains have nosedived a brutal 41% over the past week — yet legendary blue-chips CryptoPunks and Bored Ape Yacht Club are defying the carnage, clinging to top-10 spots with solid counter-trend pumps that highlight their enduring dominance.
Fresh CryptoSlam data paints a grim picture: Bitcoin-based Ordinals led the bloodshed with a staggering 70% plunge to just $6.66 million, as capital fled high-value inscriptions amid broader crypto price pressure. Ethereum held the largest slice at around $47 million (over 30 days) but still suffered a 39% weekly drop, while smaller chains like Base and BNB showed rare green shoots with modest gains.
Standouts shone through the gloom — CryptoPunks racked up over $13 million in volume, surging 57% week-over-week and outperforming hordes of newer projects, while BAYC pulled in $6 million with a healthy 21% rise. These OGs prove that in a market shifting toward retail “bottom-fishing” and away from whale speculation, true cultural icons can still draw buyers even as volumes evaporate elsewhere.
The broader downturn ties directly to weakness in Bitcoin and Ethereum prices, triggering outflows and reduced high-ticket flips — though rising participant counts (especially new Bitcoin NFT buyers up 31%) hint at grassroots interest waiting for the next spark.
The crypto community is sharply divided: doomsayers are declaring NFTs dead again, pointing to the volume crater as proof the hype cycle is over for good, while blue-chip loyalists celebrate Punks and BAYC’s resilience as evidence that quality collections are built to survive any bear.
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Whether this 41% nosedive clears out the weak hands for a healthier rebirth or signals deeper hibernation ahead, one thing stands out: CryptoPunks and BAYC aren’t going anywhere quietly.
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Is the 41% NFT sales nosedive the final nail in the coffin, or are CryptoPunks and BAYC proving blue-chips will lead the next revival? Drop your hot take in the comments below. Bookmark the site and always return to www.Token10x.blog for the latest crypto news and market insights. Visit our homepage now!