NFT tokens are sold by 115% more due to the fall of the cryptocurrency market

The trading volume of non-fungible tokens has increased by 115% over the past 24 hours, all due to a massive decline in the value of the collections.

According to Coin Telegraph, 8 out of the 10 most popular NFT collections, such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Crypto Punks, and Sorare, increased their sales over the past day. Investors are buying up unique non-fungible tokens that previously cost several times more.

Thus, the Goblintown collection increased sales by 35.54%, and Moonbirds by 64.11%. The leader is the BAYC NFT monkeys by Yuga Labs, which were bought by 263% more. Interestingly, the next 3 highest-rated collections also belong to Yuga Labs: MAYC — 174%, Otherdeed — 158%, and CryptoPunks — 123%.

Such a surge in popularity is caused by the fall in prices on the crypto market, where the decline in value has also affected non-fungible tokens. For example, the minimum prices of the BAYC and CryptoPunks collections fell to 82 ETH ($ 96,700) and 47 ETH ($ 54,800), compared to historical highs of 153 ETH and 123 ETH.