When NFTs Rise, Who Falls? A Tale of Immutable Triumph and Ethereum’s Woes

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Ah, the NFT market, a veritable theater of human folly and ambition, has recently witnessed a most astonishing rally, with sales volume soaring by a staggering 37.10% to the grand total of $144.8 million. One might say, “What a time to be alive!” or perhaps, “What a time to be foolish!” 🤔

According to the ever-reliable sages at CryptoSlam, this marks the most significant weekly gain in recent memory for this peculiar sector. It seems the masses have awakened from their slumber, driven by the intoxicating scent of profit and the allure of digital art that one cannot even hang on a wall.

Coincidentally, this spike in NFT fervor aligns with Bitcoin‘s (BTC) recent ascent to the lofty heights of $105,000. Ethereum (ETH), that once-mighty titan, has also managed a slight increase of 2.5% over the past week. Meanwhile, the total global cryptocurrency market cap has crept up from $3.28 trillion to $3.29 trillion, as if it were a tortoise in a race against a hare that has long since lost its way.

Market participation has surged, with NFT buyers increasing by 50.56% to a staggering 1,061,348 souls, while NFT sellers have risen by a mere 8.09% to 38,494. NFT transactions have also grown by 7.88% to 1,749,437, as if the world has collectively decided that digital ownership is the new opiate of the masses.

Immutable dethrones Ethereum in sales

In a twist worthy of a Dostoevskian plot, Immutable (IMX) has usurped Ethereum to claim the top position with $41.7 million in sales, a remarkable surge of 156.01% from the previous week. It is a rare occasion indeed when Ethereum finds itself dethroned, a moment that surely sends shivers down the spines of its loyalists.

With $31.5 million in sales, Ethereum has fallen to the second position, still managing to show a robust growth of 6.69%. However, at $1.9 million, Ethereum’s wash trading has dropped by 2.91%, a sign that perhaps not all is well in the kingdom of digital currency.

Bitcoin, at $19.4 million, clings to its third-place status after a commendable rise of 22.55%. Polygon (POL) has increased by 32.91% and now occupies the fourth place with $18.5 million. Mythos Chain, with $14.1 million, rounds out the top five, as if to remind us that in this game, anything can happen.

BNB (BNB) Chain has entered the fray in sixth place with $8.4 million, jumping a remarkable 47.59%. Solana (SOL) sits in seventh with $6.3 million, up a modest 5.30%. The buyer count has increased across all major blockchains, with Polygon leading the charge at 35.63% growth, followed closely by Solana at 27.41% and Bitcoin at 23.22%. It seems the digital gold rush is far from over!

Guild of Guardians Heroes has taken the top spot in collection rankings with $24.7 million in sales, more than doubling with a staggering 132.53% growth. This gaming collection has benefited directly from Immutable’s meteoric rise, as if the universe conspired to reward the bold.

Courtyard on Polygon has moved to second place with $17.2 million, boasting a strong growth of 36.33%. Guild of Guardians Avatars holds third position with $10.3 million, more than doubling with 108.61% growth. DMarket maintains fourth place with $8.9 million, showing minimal growth of 0.15%. Meanwhile, Uncategorized Ordinals on Bitcoin have entered the top five with $7.6 million, experiencing a ludicrous surge of 1,556.66%. Who knew chaos could be so profitable?

In a shocking turn of events, CryptoPunks has vanished entirely from the top collection rankings, a notable drop from its previous sixth-place position. Perhaps the digital ghosts of the past have come to haunt the present?

Notable high-value sales from this week include:

  • CryptoPunks #1831 sold for 150 ETH ($389,846)
  • CryptoPunks #9778 sold for 150 ETH ($377,958)
  • CryptoPunks #4868 sold for 76.5 ETH ($201,933)
  • CryptoPunks #5586 sold for 70.07 ETH ($185,292)
  • CryptoPunks #7516 sold for 60 ETH ($158,378)

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2025-06-14 22:31