Mimany Leads NFT Daily Sales Chart as Cryptocurrency Market Capitalization Falls Below US$2 Trillion

The Solana-based collection had a daily sales performance of US$741,214

Non-fungible token (NFT) sales remained strong on Sunday despite a sell-off in the cryptocurrency market, which saw its total capitalization fall below US$2 trillion.

Data from CryptoSlam showed that Mimany led the NFT daily sales chart with a total of US$741,214. The Solana-based collection had the highest sales performance among the top NFT collections.

However, SOL, the native cryptocurrency of the Solana network, saw a significant decline of around 30% in its value over the past week.

CoinGecko data also showed that Bitcoin fell below US$50,000 for the first time since February. At 11:30 a.m. ET on Monday, Bitcoin was trading at US$54,363.

The sell-off in the crypto market came as Japan's benchmark stock index, the Nikkei 225, closed down 12.4%. This marked the largest single-day points loss in the index's history, with 4,451.28 points being wiped out.

On the Ethereum network, Pudgy Penguins emerged as the second-highest ranking NFT collection with a total daily sales figure of US$642,585.

The network's native cryptocurrency, Ether, also faced the brunt of the crypto market sell-off, losing approximately 20% of its value.

According to blockchain data, Jump Trading, a prop trading firm, recently unloaded its Ether and staked Ether holdings, with large movements being observed over the weekend.

Some industry watchers speculated that Jump Trading's activities may indicate the closure of its crypto division amid regulatory concerns.

Another Ethereum-based NFT collection, Milady Maker, claimed the third spot in the day's NFT market, generating US$508,647 in sales.

Other notable collections included CryptoPunks and DogeZuki Collection, which ranked fourth and fifth, respectively.

While CryptoPunks, an Ethereum-based pioneer in the NFT space, recorded daily sales of US$364,400 from just 5 transactions, Solana's DogeZuki Collection saw a massive number of transactions totaling 8,407, resulting in daily sales of US$358,730.

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