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NFT Craze Cools As Sales Reportedly Plunge 95% Since May

Amy Liu

Summary: New data shows the non-fungible token (NFT) craze has hit a brick wall, with a dramatic drop in sales volume underway. Digital asset tracking website Nonfungible.com reports that NFT sales for the week ending May 9th peaked at $176 million in volume. Since then, the NFT market lost its traction as weekly sales dropped 95% ...

New data shows the non-fungible token (NFT) craze has hit a brick wall, with a dramatic drop in sales volume underway. Digital asset tracking website Nonfungible.com reports that NFT sales for the week ending May 9th peaked at $176 million in volume. Since then, the NFT market lost its traction as weekly sales dropped 95% to just $9.2 million as of June 15th. 

By Amy Liu

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