Bitcoin NFTs soared 99.44% in November, contributing $186M to total sales, marking a major comeback.
CryptoPunks saw a 392% sales jump in November, with a floor price surge to $147K.
November NFT sales hit $562M, up 57.8% from October, the highest since May 2024.
Monthly sales of non-fungible tokens (NFTs) were $562 million in November 2024, up from $355 million in October 2024, a 57.8% rise. This is the highest sales volume since May, when $599 million was recorded, according to CryptoSlam data. November figures show a marked improvement in sales after months of sales decline, with a seven-month slide from the $1.6 billion sales recorded in March 2024.
Additionally, bitcoin-based NFT was pivotal in September, hitting $186 million monthly. This was an impressive improvement compared to October and marked a 99.44% improvement in the month’s performance. Ethereum-based NFTs dominated the list of blockchains with $216 million in sales, which increased by 12% monthly. Solana, Mythos Chain, and Immutable all saw good performances; together, they contributed $162.9 million.
CryptoPunks and Pudgy Penguins Lead Individual Collections
According to the sales records, CryptoPunks achieved 392% growth in its sales volume in November compared to October. In the last 30 days, CryptoPunks recorded sales of above $49 million, as 388 purchases were made, or 213% higher than in the previous month. The floor price increased from 26.3 Ether on November 1 to 39.7 Ether by the end of the month, or a value of about $147,000.
The monthly sales volume of Pudgy Penguins also ramped up to 262%, amounting to $16 million. The floor price for this collection increased from 8.7 ETH to 13 ETH by November 30, which shows a 49% increase. The two collections highlight that there is still a demand for blue-chip NFTs regardless of bearish trends.
Ethereum and Bitcoin Dominate Blockchain Rankings
Non-fungible tokens based on Ethereum remained on the top, with $218.83 million in sales for November. Bitcoin NFTs also increased, reaching $188.05 million, significantly higher than October’s $69.6 million. Mythos Chain and Immutable raised $25 million from sales, while Solana raised $83.24 million.
As for November, the top-sold Bitcoin-based asset was an Uncategorized Ordinal, fetching over $6 million. Other top-selling products were Ethereum Tokenvesting Plan #1109 at $962,278 and Solana Boogle #076 at $269,314. These premium sales highlight that NFTs are popular across various blockchain platforms.
The post NFT Sales Surge to $562 Million in November as Market Rebounds appeared first on Crypto News Land.
