Memecoins Impact NFT Sales — Crypto News Aggregator (ENG)

Bitcoinhaber 01 Jul 2024

Memecoins Impact NFT Sales 📉

Memecoin NFT CryptoSlam Apollo Crypto

Apollo Crypto's investment chief attributes a significant 44% decline in NFT sales during the second quarter to the increasing hype around memecoins and a general market downturn. CryptoSlam data reveals that NFT sales plummeted from $4.14 billion in Q1 to $2.32 billion in Q2, demonstrating a broader market slowdown.

Source: en.bitcoinhaber.net ↗

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Cointelegraph 01 Jul 2024

NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2

Coinengineer 01 Jul 2024

NFT Sales Plummet 44% in Q2 Amid Memecoin Frenzy and Market Downturn

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