In the past week, the market conditions related to the Bitcoin ecosystem have continued to be hot. But some people may not have noticed that the NFT market is also gradually going up. According to BlockBeats observation, since November, Whale has successively purchased Weirdo Ghost Gang (little ghost), Yuga Labs joint venture Gordon Goner has returned to the market and purchased NFT products such as Squiggle series, World of Women, doodles and so on. There are various signs that the NFT market has gradually recovered.
The transaction volume of the NFT market has grown steadily in the past two weeks, and the floor prices of many projects have surged.
According to NFTGO data, the transaction volume of Ethereum NFT increased by 79.46% in the past month, reaching 208,880 ETH. NFT traded in USD also increased significantly, with the transaction volume increasing by 102.83% in the past month, reaching a volume of US$380 million. . Taking the data of the past week as a starting point, the activity of the NFT market is also constantly refreshing. On November 7 , according to Dune data, Ethereum NFT transaction volume exceeded 10,000 ETH, reaching 10,351 ETH, a new high in the past three months.
In addition, on November 8 , according to Dune data, Bitcoin NFT transaction volume approached US$16 million, hitting the second highest level in history, which also contributed to the recent rise in the NFT market. On November 6 , Nansen reported that in the week ending November 6, NFT sales reached 68,342 ETH, approximately US$129 million.
At the same time, according to BlockBeats observation, NFT floor prices including Bored Ape Yacht Club, Pudgy Penguins, etc. have generally increased in the past half month.
In addition, according to BlockBeats observation, on November 4 , the "Gemesis" NFT floor price once achieved a 108% 24-hour increase, and the 24-hour trading volume reached 7.19 ETH. On the same day , the total transaction volume of NFTs issued by Nike's encrypted fashion brand RTFKT reached a breakthrough of nearly US$1.4 billion.
What are whale and KOLs buying?
According to BlockBeats observation, the frequent trading of whale in the past week and the buying of many community KOLs may have pushed up the NFT market to a certain extent.
Sofa Maker
Lost Miners x45: Co-founder @CryptoVonDoom shared his Sofa MakerNFT product on social platforms on November 13. According to Blur data, the floor price of Sofa Maker is 0.2 ETH.
Squiggle
@GordonGoner (Yuga Labs) returned to the market in November and frequently purchased many NFT series products, including purchasing the Squiggle series NFT products at a price of 36 ETH. Squiggle’s current floor price is 0.47 ETH.
Bored Ape Yacht Club
Former technology company founder and community KOL @elethera_art shared the new Bored Ape Yacht Club product he purchased on November 8. According to Blur data, the floor price of the Bored Ape Yacht Club series NFT rose to 30 ETH on October 30 , with an increase of 6.46% on the 7th, and fell back to 29.95 ETH as of press time.
Pudgy Penguins
As a star project in NFT, Pudgy Penguins has been widely popular offline recently. Boredmunchies founder @4evaFamouss bought Pudgy Penguins in November. According to Blur data, Pudgy Penguins increased by 9.65% on the 7th and was quoted at 5.25 ETH.
The PlayBook host @shivst3r showed off the Pudgy Penguins products he purchased on November 13th.
Cryptocurrency trader and KOL @Petroo_mm introduced in his profile that he "holds more than 40 lilpudgys" and purchased Pudgy Penguins for £140 on November 10. According to Blur data, lilpudgys rose 13.55% on the 7th, and the current floor price is 0.4 ETH.
Weirdo Ghost Gang
On November 8 , according to Blur data, Christian, co-founder of crypto fund NDV and NFT whale, has established 1,000 Bid "order walls" at the NFT project Weirdo Ghost Gang price of 0.5 ETH, with a total value of 500 ETH. According to Blur data, Little Ghost increased by 30.56% on the 7th and quoted 0.47 ETH.
On the same day , according to Blur data, NFT whale dingaling also bought 40 Little Ghosts, and Pudgy Penguins CEO Luca Netz responded that he had purchased one Little Ghost.
World of Women
@GordonGoner shared about his purchase of World of Women on November 10, noting, “When I was looking for items to emulate, I started browsing the World of Women nft collection, not really knowing if I could find one that would work for me. Meaningful project. And then I saw this. This is the spitting image of my girlfriend, who shines and has been there for me throughout this entire journey, supporting me, loving me, and putting up with my endless crap. Give this to me tonight She. She doesn't know. Does anyone know how to give someone a jpeg romantically?"
According to Blur data, World of Women rose 48.99% on the 7th, with a floor price of 1.03 ETH.
doodles
Of note, @GordonGoner also bought doodles. According to Blur data, Doodles increased by 34.32% on the 7th, with a quotation of 2.27 ETH.
