NFT Sales Slide 25% to $134M, While CryptoPunks Tank 59% — What's Behind the Drop?

Weekly NFT sales plummeted 25%, totaling just $134M, while flagship collection CryptoPunks crashed nearly 59%. A closer look at the surprising rise in buyers and sellers, ecosystem rotation to Polygon and BNB, and what this means for market sentiment.

Aug 23, 2025 - 21:06
NFT Sales Slide 25% to $134M, While CryptoPunks Tank 59% — What's Behind the Drop?

The NFT market has experienced a sharp correction with sales volume dropping by 25.78% to $134 million. This reversal follows the previous week’s recovery.                                                                

As per CryptoSlam data, despite the sales decline, market participation has continued to expand. NFT buyers have grown by 25.74% to 450,096, and NFT sellers have risen by 25.91% to 321,107. NFT transactions have increased by 6.26% to 1,652,284.

The market situation is also volatile as the Bitcoin Bitcoinbtc-1.51%Bitcoin price has dropped to the $115,000 level. At the same time, Ethereum Ethereumeth-1.91%Ethereum has risen to $4,700. The global crypto market cap is now $3.98 trillion, up from last week’s market cap.

Ethereum maintains lead in sales

Ethereum has maintained its leading position with $60.7 million in sales, though declining 41.63% from the previous week. Ethereum’s wash trading has fallen by 55.47% to $13.5 million.

BNB BNBbnb-1.45%BNB Chain has held second place with $20.6 million, rising 10.63%. Polygon POL (ex-MATIC)pol-1.77%POL (ex-MATIC) has climbed back to third position with $16.1 million, surging 37.86%.        

                                                                                                                              Mythos Chain remains in fourth with $9.7 million, up 3.17%. Solana Solanasol2.29%Solana sits in fifth with $7.5 million and dropped 13.63%.

Immutable Immutableimx-0.81%Immutable holds sixth place with $7.2 million, down 10.70%. Cardano Cardanoada-2.57%Cardano has entered the top seven with $3.1 million, jumping 48.96%.

NFT buyer count jumps

The buyer count has increased across most blockchains, with Cardano leading at 91.41% growth, followed by BNB Chain at 84.48% and Immutable at 72.18%.

Courtyard on Polygon has reclaimed the top spot in collection rankings with $14.7 million in sales, surging 41.01%. The collection has seen growth in buyers (186.96%) and transactions (45.28%).

CryptoPunks has fallen to third place with $8.7 million, plunging 59.28%. The collection has seen decreases across all metrics, including transactions (56.98%), buyers (52.78%), and sellers (30.23%).

Moonbirds sits in fourth with $7.4 million, up 29.94%. DMarket holds fifth place with $4.6 million, rising 8.70%. Guild of Guardians Heroes rounds out the top six with $4.2 million, growing 18.72%.

Notable high-value sales from this week include:

  • CryptoPunks #1082 sold for 80 ETH ($350,969)
  • CryptoPunks #2596 sold for 72.99 ETH ($315,628)
  • CryptoPunks #5477 sold for 66 ETH ($285,187)
  • CryptoPunks #3704 sold for 63 ETH ($271,922)
  • CryptoPunks #8864 sold for 56.5 ETH ($269,994)

SpinNFTBox on BNB Chain holds second place with $10.9 million, rising 39.83%. The collection continues to be dominated by a single seller despite having 1,424 buyers.

Gulfam Ali The need for intelligent, informed, and interesting content is more than ever as the Bitcoin ecosystem develops and grows. Gulfam Ali is a committed cryptocurrency writer who adds nuance and understanding to the convoluted realm of blockchain technology and digital currencies. Passionate about blockchain technology, cryptocurrency markets, and decentralized finance (DeFi), Gulfam Ali has become a respected industry voice by generating excellent guides, articles, analysis, and thought leadership material.