NFT market volume surged over 8% to $129.1 million over the past week, while the Pudgy Penguins collection posted a modest ~15% recovery in recent activity.
Key Takeaways:
- Overall NFT sales increased by 8.13% to $129.1 million in the past week
- Buyer participation jumped ~112%, seller participation surged ~140%, even as transaction count fell ~8%
- Pudgy Penguins saw a ~15% recovery in metrics (floor, volume) after prior weakness.
The NFT sector has posted its third straight week of growth, with total sales volume rising from ~$119.4 million to $129.1 million, which is a week-on-week gain of 8.13%, according to a crypto.news report. This comes even as broader crypto markets remain under pressure.
Meanwhile, CryptoSlam’s real-time statistics show the expansion of market participation in NFT, where NFT buyer counts surged approximately 112.02% to 604,351 over the past week, while seller counts also jumped 139.58% to 511,234. However, the total number of NFT transactions declined ~7.99% to 2,088,311.
Weekly NFT sales and participation snapshot.
On a blockchain level, Ethereum preserved its dominance with $45.2 million in volume (up ~1.49%) while BNB Chain surged into second place with $25.5 million, up ~197%.
Pudgy Penguins Edge Higher With 15% Market Recovery
Latest report from crypto.news highlighted Pudgy Penguins lead when it comes to stability, where metrics tied to the collection are now showing ~15% recovery as of the latest weekly snapshot, after a period of slump.
Still, compared to its previous peaks and relative to leading blue-chips, this remains a modest comeback. External commentary has noted that the collection has gained volume in prior weeks and even overtaken Bored Ape Yacht Club in volume rankings during some windows.
To put that into context, market trackers report that over the past 7 days, Pudgy Penguins NFTs traded ~79 times for a total of ~$1.71 million, with an average price of ~$21.7 k per item.
Crypto Market Slump Casts Shadow Over NFT Gains
As of this writing (8:00AM UTC), roader crypto benchmarks remain under pressure. Bitcoin (BTC) is currently trading at approximately $109,547, gaining a modest 0.2% over the past 24 hours with intraday highs seen near $109,761 and lows around $109,159. Meanwhile, Ethereum (ETH) is around $4,005–$4,008 (down ~0.3% to 0.4%), according to TradingView.
These price pressures in the core crypto markets may limit how far speculative NFT collections can rebound, especially those more exposed to sentiment shifts rather than strong underlying utility or partnerships.
What’s Next for NFT Traders and Collectors
The continued weekly gains in NFT volume suggest that the sector is not sidelined, even as underlying crypto markets waver. The rise in buyers and sellers implies renewed interest or rotation into NFT strategies rather than passive holdouts.
However, the gains by Pudgy Penguins, while notable, remain incremental. Its trajectory depends heavily on sustained on-chain demand, new partnerships, or utility expansions to break out meaningfully above its current base.
Looking ahead, key variables to watch include whether NFT volume growth can decouple positively from crypto market sentiment, and whether blue-chip collections (including Pudgy Penguins) can expand utility and ecosystem engagement to attract long-term interest.
Summary
Weekly NFT sales climbed to $129.1M (+8.13%) amid surging buyer (+112%) and seller (+140%) participation, even as total transactions fell ~8%. Pudgy Penguins showed a modest ~15% recovery, but broader crypto market softness could cap further gains.
