NFT sales fell to $374 million in August 2024, the lowest in a year. 📉

- In March, sales were $1.6 billion, and now it's down 76%.

- In Q1 2024, sales were $4.1 billion, but fell to $2.24 billion in Q2.

- In August, the number of transactions fell by 31%, but the average sale price increased by 27%.

Experts believe that capital is flowing from NFTs to memecoins.