Ethereum’s price reached $4,201.46 on August 9, 2025, marking a 7.84% increase in the previous 24 hours [1]. This surge stands in stark contrast to the broader NFT market, where participation has plummeted. According to data from CryptoSlam, NFT buyers dropped by 89.83% to 73,900, while NFT sellers fell by 91.14% to 42,878 [3]. Total NFT sales declined 11% to $134.9 million, despite Ethereum’s price rally [3].
Ethereum remains the leading blockchain in NFT sales, with $58.5 million in volume, although this represents a 23.43% drop compared to the previous week. Meanwhile, wash trading on the network has fallen by 61.64% to $5.5 million, suggesting reduced speculative activity [3]. Polygon (POL) climbed to second place with $17.8 million in sales, a 56.90% increase, while Bitcoin and BNB Chain also saw shifts in market share [3].
A notable highlight of the week was the sale of CryptoPunks 1021 for 720 ETH ($2,569,908), marking a…
