NFT sales rise to $39.85m as Pudgy Penguins jump 125%
- Published
- Updated
NFT sales for the week to Oct. 10 reached $39.85 million, with Ethereum still the leading blockchain for NFT activity. Pudgy Penguins sales more than doubled in the same period, with one report putting the increase at 125% and another at 126%.
Key claims & sources
What it means
NFT traders and collectors would notice that the market still cleared $39.85 million in weekly sales by Oct. 10, while Ethereum remained the main chain used for those sales. That means activity was still concentrated in one blockchain even as the headline market figure moved only slightly from the prior week.
In practice, the weekly pattern showed a market where total sales held near the same level even though transactions and buyer addresses were lower. What changed is the mix of activity, not the existence of NFT trading itself, which still produced a $39.85 million week.
Market reaction i
Ethereum rose 0.1% in the 4 hours after the first headline, after falling 0.2% in the 2 hours before.
48 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
Where this sits in the Ethereum series
| When | What happened | Figure |
|---|---|---|
| 1.1 years ago | ETH at $4,245 high | today it sits -49.5% from there |
| 5 months ago | ETH at $1,566 low | today it sits +36.8% from there |
From what we have stored, starting 1.1 years ago.