Avalanche NFT Sales Reach $22.17 Million, Boosting Total to $37.14 Million
Avalanche (AVAX) is experiencing a surge in NFT sales, primarily driven by the XSY Deposit collection. Key points include:
- XSY, linked to the algorithmic stablecoin Unity (UTY), raised $5 million in Pre-Series A funding.
- The XSY Deposit collection achieved $22.17 million in sales over 24 hours, a nearly 200,000% increase.
- Transaction records for XSY are categorized as NFT sales, raising questions about transparency.
- The spike in sales implies potential market manipulation or speculative trading.
- Avalanche surpassed other major blockchains, achieving a total trading volume of $22.18 million.
- AVAX is currently up 1.6%, trading at $22.6, with indicators suggesting a possible bull run.
- Total NFT sales reached $37.14 million, a level last seen in mid-December 2024.
- Pudgy Penguins also recorded significant sales, while leading collections like CryptoPunks saw declines.
- Ethereum's NFT trading volume fell by 15% to $3.3 million, whereas Bitcoin's sales increased by 27% to $2.9 million.