Sales of non-fungible tokens (NFTs) have plunged by more than 54% over the past week as the crypto market dropped sharply.
Over the course of the past week, NFT sales volume reached USD 25m, a drop of 54.6% compared to the earlier week, according to data by NonFungible.com.
Similarly, the number of NFT sales, average value of NFTs, and secondary sales have all taken a plunge, dropping by 22.2%, 41.8%, and 56.7%, respectively.... Read More: NFT Sales Volume Down by Nearly 55% Amid Crypto Downturn
It appears that some of the high-profile crypto fund managers have less of a crystal ball than some may want to believe.
Back in February, Joey Krug and Dan Morehead, the two co-chief investment officers at crypto hedge fund Pantera Capital, predicted that crypto markets would “decouple” from traditional markets in the coming weeks.... Read More: Crypto & Stocks 'Decoupling' Prediction Flops but There's Still Hope