📢Blockchain industry news flash! PEPE's market value is now $6.2 billion, just below its all-time high of $6.9 billion on May 27. The cumulative value of the top 30 NFT projects is just over $4 billion. Among them, the top NFT project CryptoPunks has a market value of $1.2 billion, Bored Ape Yacht Club (BAYC) has a market value of $488 million, and Pudgy Penguins has a market value of $365 million. 📉

CryptoSlam's 500 NFT Index shows that the top 500 NFT series are down 40% year-on-year, and the index is down 95% since the record price. 😱

According to the Dune data dashboard, users who actively trade NFTs have also been in a clear downward trend. OpenSea, once a top market, has seen a weekly decline of more than 90% in traders, from 187,000 in June 2022 to less than 10,000 currently. 😰

Most other NFT platforms (Blur, Magic Eden, LooksRare) have had a similar experience to OpenSea, with the total number of weekly traders across all platforms plummeting from 201,000 in June 2022 to 24,300 today. 😨

However, while PEPE prices are down 8% today, they have soared 10x over the past year. 🚀Stay optimistic about Bitcoin! (The Defiant)