According to Odaily Planet Daily, PEPE's market value is $6.2 billion, just below the all-time high of $6.9 billion set on May 27, while the cumulative value of the top 30 NFT projects is just over $4 billion. 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, which tracks the top 500 NFT series, is down 40% year-on-year and 95% since the platform began recording prices.
According to the Dune data dashboard, users actively trading NFTs have also been on a clear downward trend. OpenSea, once a top market, has seen a drop of more than 90% in weekly traders, from 187,000 in June 2022 to less than 10,000 currently. Most other NFT platforms (such as Blur, Magic Eden, LooksRare) have had similar experiences to OpenSea, with the total number of weekly traders on all platforms plummeting from 201,000 in June 2022 to 24,300 today. Although the price of PEPE is down 8% today, it has soared 10 times over the past year.
