According to CryptoSlam data, NFT (non-fungible token) sales volume has plunged by 42.42% to $93.18 million, down from last week’s $161.7 million. Summary NFT sales fell 42% to $93M, while buyers surged 33% and sellers rose 21%. DMarket topped sales at $9.05M as Pudgy Penguins plunged over 76%. Ethereum led with $35M in NFT sales despite a 65% drop from last week. Despite the sales collapse, market participation has improved, with NFT buyers climbing by 33.09% to 509,668 and sellers rising by 21.04% to 413,225. NFT transactions dropped by 7.63% to 1,543,392. At the same time, Bitcoin (BTC) price has bounced back to the $111,000 level following recent weakness. Ethereum (ETH) has reclaimed the $3,900 level as the overall crypto market shows renewed strength. The global crypto market cap now stands at $3.75 trillion, up from last week’s $3.62 trillion. However, the NFT sector has experienced a sharp reversal. You might also like: SpaceX moves $134 million worth of Bitcoin to new wallets: Arkham DMarket takes top spot as Pudgy Penguins collapse DMarket on the Mythos blockchain has claimed first place with $9.05 million in sales, up 12.11% from last week’s $8.07 million. The collection processed 286,645 transactions and attracted 19,577 buyers and 15,873 sellers. DX Terminal on Base fell to second with $7.56 million, down 20.58% from last week’s $9.99 million. The collection recorded 406,415 transactions with 100,205 buyers and 100,091 sellers. Source: Top collections by NFT Sales Volume (CryptoSlam) Pudgy Penguins suffered a significant fall to third place. The collection garnered $3.8 million, plummeting 76.27% from last week’s $15.61 million. The Ethereum collection saw just 128 transactions, with 73 buyers and 77 sellers. Guild of Guardians Heroes on Immutable-Zk entered the rankings at fourth with $3.45 million, surging 41.06%. The collection had 2,837 transactions. Two Bitcoin BRC-20 NFT collections made the top seven. $ATMC BRC-20 NFTs placed fifth at $3.21 million, up 38.3%, while $?? BRC-20 NFTs landed in sixth at $2.9 million, up 57.5%. You might also like: Solana price holds above $190, institutional adoption rises Ethereum maintains lead despite steep decline Ethereum held first position with $35.04 million in sales, down 65.64% from last week’s $102.67 million. The network recorded $4.06 million in wash trading, bringing its total to $39.10 million. Despite the sales drop, buyers increased by 41.05% to 47,352. Bitcoin jumped to second place with $13.17 million, up 11.14% from last week’s $10.11 million. The network saw 13,462 buyers, up 60.49%. Source: Blockchains by NFT Sales Volume (CryptoSlam) Base dropped to third with $10.19 million, down 19.8% from last week’s $13.20 million. The blockchain recorded $4.90 million in wash trading, with buyers rising 13.56% to 257,187. Mythos Chain climbed to fourth at $9.27 million, up 13.52% from last week’s $8.23 million. The blockchain attracted 33,791 buyers, up 42.9%. Immutable (IMX) secured fifth position with $5.73 million and surged 41.05%. The network had 6,012 buyers, up 40.96%. BNB Chain (BNB) placed sixth at $5.33 million, down 19.62% from last week’s $6.51 million. Buyers jumped 52.26% to 32,769. Solana (SOL) landed in seventh with $4.92 million, down 6.23% from last week’s $5.40 million. The network recorded 30,713 buyers, up 40.36%. Record-breaking Good deed NFT sale A Good deed NFT shattered records with a $44.89 million sale (70,200,565.5751 ADA), transacted a day ago. This is one of the highest-value NFT sales in recent months. Known Origin #264609 sold for $246,984.31 (63.8 ETH) six days ago. Three CryptoPunks completed the top five: CryptoPunks #7839 sold for $174,846.97 (44.99 ETH) six days ago CryptoPunks #7378 sold for $173,119.61 (45 ETH) two days ago CryptoPunks #7461 sold for $167,646.53 (42 ETH) five days ago Read more: XRP price set for breakout as Ripple ETF and CME futures cross key milestones