Close Menu
maincoin.money
    What's Hot

    AI and Blockchain Will Ignite a Retail Transformation: Kevin O’Leary

    October 20, 2025

    AI and Blockchain Will Ignite a Retail Transformation: Kevin O’Leary

    October 20, 2025

    DefiLlama Reintroduces Aster Perpetual Data, But There’s a Twist

    October 20, 2025
    Facebook X (Twitter) Instagram
    maincoin.money
    • Home
    • Altcoins
    • Markets
    • Bitcoin
    • Blockchain
    • DeFi
    • Ethereum
    • NFTs
      • Regulation
    Facebook X (Twitter) Instagram
    maincoin.money
    Home»NFTs»Top NFT Prices Decline as Ethereum Falls from Record Highs
    NFTs

    Top NFT Prices Decline as Ethereum Falls from Record Highs

    Ethan CarterBy Ethan CarterAugust 26, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Top NFT Prices Decline as Ethereum Falls from Record Highs
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Leading non-fungible token (NFT) collections experienced significant weekly drops as Ether retreated from its record highs.

    Information from decentralized finance aggregator DefiLlama indicated that top projects had their floor prices decrease by double digits over the past week. Notable blue-chip NFT collections such as Pudgy Penguins, Bored Ape Yacht Club (BAYC), and Doodles felt the brunt of these declines.

    Pudgy Penguins, ranking as the leading NFT collection by 24-hour and 7-day volume, saw a 17.3% decrease to a floor price of 10.32 Ether (ETH). BAYC fell 14.7% to 9.59 ETH, while Doodles faced one of the steepest declines, plummeting 18.9% to 0.73 ETH. Other prominent collections, including Moonbirds and Lil Pudgys, saw drops of 10.5% and 14.6%, respectively.

    This drop in NFT floor prices coincided with a sharp ETH retracement following its new all-time highs. On Monday, CoinGecko data reported that ETH had hit a high of $4,946. However, ETH fell 12% on Tuesday to $4,342 before experiencing a slight recovery. As of this writing, the cryptocurrency is trading at $4,433.

    0198e586 e8bd 755d a455 3f54c7f42f6a
    Leading NFT collections by trading volume. Source: DefiLlama

    CryptoPunks show stability amidst market downturn

    While numerous collections faced hefty declines, not all NFT projects reacted negatively. CryptoPunks, remaining the top NFT collection by market capitalization, exhibited relative strength, with only a 1.35% drop over the week.

    Despite the declines in floor prices among top collections, trading volumes remained robust. Throughout the week, Pudgy Penguins topped the market with approximately 2,112 ETH (around $9.36 million) in trading volume, followed by Moonbirds at 1,979 ETH ($8.77 million).

    CryptoPunks trailed close behind with 1,879 ETH (roughly $8.33 million) in volume, while BAYC recorded 809 ETH ($3.59 million).

    Related: 3D-printed housing company integrates Bitcoin, NFTs in blockchain transition

    NFT market cap declines to $7.7 billion

    While blue-chip NFTs faced double-digit drops, the larger NFT sector also fell by nearly 5% to a total of $7.7 billion, according to data from NFT Price Floor.

    As of Aug. 13, NFT Price Floor reported that the overall NFT market cap peaked at $9.3 billion, a 40% increase from July’s $6.6 billion, driven by heightened NFT activity following the ETH surge.

    By Aug. 18, the NFT market cap dropped further to $8.1 billion, erasing $1.2 billion from the valuations of digital collectibles.

    Magazine: Ethereum’s roadmap to 10,000 TPS using ZK tech: A beginner’s guide