June NFT Sales Dive 26% to $46 Million, Led by Bitcoin, Ethereum, and Solana Slump

IconCryptoNewsTerminal Staff07 Jul, 2024

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June NFT Sales Dive 26% to $46 Million, Led by Bitcoin, Ethereum, and Solana Slump

NFT sales witnessed a significant drop in June, plunging 26.2% to $46 million compared to May's figure, as reported by Binance Research's monthly report. This decline was largely driven by a substantial decrease in Bitcoin and Ethereum-based NFT sales, which fell by 48.2% and 50.2%, respectively. Notably, Solana-based NFT sales volume also experienced a notable drop of 40.9%.