In just one week, the market capitalization NFT The total value of meme tokens also jumped by about 11% from $47 billion to $52 billion.
These moves reflect a return of speculative interest to markets as traders return to higher-risk assets, even as macroeconomic uncertainty caused by the unresolved US government funding issue continues to mount.
However, not all NFT-collections are seeing sales growth. According to CryptoSlam, investors are investing in 20 collections. Thus, sales Cryptopunks grew by 22,8% in seven days to almost $3 million, Mutant Ape Yacht Club and Milady Maker gained 36,5% and 80%, respectively. Courtyard based Polygon came out on top by 14%, Lil Pudgys by 24%.
Sales of Bored Ape Yacht Club (BAYC), Pudgy Penguins and Moonbirds continued to decline by 10,3%, 23% and 2% respectively.
Unlike NFTWhile gains were concentrated in individual collections, the memecoin sector saw much broader gains, with all 10 largest tokens by market cap posting gains over the past seven days.
During the week Dogecoin grew by 8,7%, Shiba Inu – by 10,4%, Pepe – by 7%, Bonk – by 11,8%, WIF – by 14,2%, TRUMP – by 14,2%.