NFT sales volume dropped by 45% in Q2 2024, hitting $2.24 billion, the lowest since Q3 2023. This decline follows a strong Q1, where sales were $4.1 billion. The decline in NFT sales is attributed to a downturn in the crypto market and the rise of celebrity, political, and animal-themed memecoins, which have diverted attention away from NFTs. Updated figures show NFT sales fell 44% to $2.32 billion.
#NFT sales fell 44% as crypto dipped, #memecoins steal ‘mind share’ in Q2 🔸A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of NFTs in Q2. 🔹According to data from… https://t.co/x1Q6YB0VsE
#NFT sales fell 44% as crypto dipped, #memecoins steal ‘mind share’ in Q2 🔸A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of NFTs in Q2. 🔹Data from @cryptoslamio NFT… https://t.co/Lnc5NuYVlV
#NFT sales fell 44% as crypto dipped, #memecoins steal ‘mind share’ in Q2 🔸A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of NFTs in Q2. 🔹Data from @CryptoSlam NFT sales… https://t.co/GKaz4cCYt4
UPDATE: NFT SALES PLUNGE 44% IN Q2 AMID CRYPTO MARKET DOWNTURN, DROPPING FROM $4.14B IN Q1 TO $2.32B
Which celeberity meme coin has performed the best
Are celebrity memecoins really net-positive? I’ve analyzed the top 6 launched over the last 60 days and on average: Market cap peak to today: -84% Volume peak to today: -87% In theory celebrities can be great on-boarders, but in practice….. https://t.co/bs5Q0GFeFo
#NFT sales volume dropped by 45% in Q2 2024, hitting $2.24 billion, the lowest since Q3 2023. This decline follows a strong Q1, where sales were $4.1 billion. https://t.co/kj2g3Pm6RW