Is the NFT bull run over? NFT sales hit $250 million last week...down 12.6% from the previous week
According to Bitcoin.com, NFT sales reached $255.22 million last week, down 12.67% from the previous week. Ethereum (ETH)-based NFTs accounted for the largest share of this total at $130 million, followed by Solana (SOL) at $46 million and Bitcoin (BTC) at $40.9 million. The NFT market has seen a rebound in the crypto market, with a number of new projects with blue-chip names booked to mint. However, investing in NFTs requires caution as they are Web3 derivatives that are highly influenced by crypto bellwethers such as Bitcoin and Ethereum.