NFT Sales Volume Spikes In Past Week, Mainly Due To Moonbirds

In the past week, the NFT sales volume went up by 23.56% with $945.2 million in sales across 15 different blockchains. A particular NFT collection called Moonbirds highly contributed to the uptick of NFT sales during the past seven days.

Moonbirds NFT Collection Fueled The Higher NFT Sales Volume Last Week

NFT sales volume dipped last month, and many took the hit, including Flow blockchain which sees a $165M decrease in year-by-year comparison. The situation left many wondering if the fall in overall sales of NFTs could hurt the industry and drive away investors. Thankfully, that doesn’t seem to be the case.

Last week, there was a significant increase recorded in the NFT sales volume. For instance, NFT sales on the Ethereum blockchain jumped 29.16% in the past week. Moreover, Binance Smart Chain (BSC) NFT sales also went up by 39.95% in the last seven days. Also, Fantom’s sales volumes jumped 31.05%.

According to Cryptoslam.io’s seven-day metrics today, there had been $982.2 million in sales recorded. Moonbirds, a collection that took the NFT space by surprise as its floor price reached 35 ETH in less than 10 days, played a big role in the NFT sales spike.

This past week, Moonbirds sales were approximately $162,329,749 with 1,252 buyers and 1,744 transactions. One specific Moonbirds sale, Moonbirds #2642, sold for 350 ETH or more than $1 million on Opensea at the time of transaction.

In addition, two more Moonbirds sold this past almost reached the $1 million range. Moonbirds #3904 sold for 305 ETH or $902K, and Moonbirds #5602 sold for 299 ether or $885K. As a matter of fact, 11 out of the 25 most expensive NFTs sold this week were Moonbirds.