Key notes
- Avalanche recorded a 200,000% rally in its NFT sales.
- Total sales of NFT have reached heights of five months.
- Avalanche also recorded the most expensive NFT sale in 24 hours.
Avalanche
Avax
$ 21.65
24h volatility:
2.4%
COURTIC CAPESSION:
$ 9.03 B
Flight. 24 hours:
$ 343.15
sees an impressive increase in its volume of non -bubble token sales, mainly from a collection called XSY Deposit.
XSY is the company behind the Stablecoin Project Unity (Uty) algorithmic project, which has received a pre-series funding of $ 5 million.
The XSY deposit fund movements are recorded as NFT sales on the Avalanche network. According to Cryptoslam data, the collection recorded $ 22.17 million in sales in the last 24 hours, marking a rally of almost 200,000%.
However, we still don’t know why XSY transactions are recorded as NFT sales. The lack of public information from the project concerning the XSY deposit collection shows its limited transparency.
The sharp increase and the decline in the volume of sales of the collection suggest potential market manipulation or speculative trading.
The massive increase helped the avalanche network to take first place with $ 22.18 million in negotiation volume – it exceeded large blockchains like Ethereum
Ethn
$ 1,845
24h volatility:
2.6%
COURTIC CAPESSION:
$ 222.72 B
Flight. 24 hours:
$ 14.22 B
Polygon
Police
$ 0.24
24h volatility:
2.3%
COURTIC CAPESSION:
$ 2.13 B
Flight. 24 hours:
$ 75.42 M
Bitcoin
BTC
$ 96 611
24h volatility:
2.1%
COURTIC CAPESSION:
$ 1.92 T
Flight. 24 hours:
$ 29.09 B
and Solana
GROUND
$ 150.7
24h volatility:
2.6%
COURTIC CAPESSION:
$ 78.04 B
Flight. 24 hours:
$ 3.80 B
To name only a few.
In addition, the increase in sales of NFT has brought a positive momentum to Avx. The token is up 1.6% and is negotiated at $ 22.6 at the time of the editorial staff. The key indicators suggest a strong possibility of Bull Run for the active. However, it should be noted that volatility and the feeling of the market can have an impact on the price movements of an asset.
This brings the total NFT sales to $ 37.14 million – a level given for the last time in mid -December 2024.
Similar peaks in NFT sales have been recorded with various projects, such as the sale of $ 1.28 million from groups grouped at the end of April. However, the main collections of the ecosystem have shown massive drops.
The collection formerly popular cryptopunks, for example, has recorded only one NFT sale, worth $ 134,080, in the past 24 hours. The volume of Ethereum NFT exchanges decreased by 15% to 3.3 million dollars.
Bitcoin, on the other hand, experienced a 27% increase in NFT sales, reaching $ 2.9 million, according to Cryptoslam.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Wahid analyzes and reports on the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has been presented on some of the main outlets, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. Apart from the reports, Wahid likes to connect the points between Defi and Macro on his newsletter, on Chain Moine.
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