#News# Apollo Crypto investment director pointed out that the emergence of celebrity, political and animal-themed meme coins, as well as the downturn in the cryptocurrency market, may lead to a 44% drop in NFT sales in the second quarter of 2022. CryptoSlam data shows that NFT sales fell from $41.4 billion in the first quarter to $23.2 billion in the second quarter. However, despite the slowdown in NFT sales, the trading volume of meme coins remains huge. The development of Bitcoin-based Ordinals may also divert attention away from traditional NFTs in the coming months. However, network activity for Ordinals and runes has also declined in recent weeks. However, NFTs made a small comeback in the last quarter of 2023, with sales exceeding $30 billion, which may bring hope for a recovery in NFTs in the second half of 2024.