Solana’s Mimay Leads NFT Sales Amid Crypto Crash

Published at: August 06, 2024

Mimay Sediments NFT Sales Throughout the Crypto Crash


The Solana-based Mimay collection topped the NFT sales charts at a new high of $741,214 in daily sales on Sunday, the same day the total value of the cryptocurrency market fell below $2 trillion for the first time since February. The Solana-based Mimay collection registered daily sales of $741,214.


SOL and Bitcoin Experience Significant Declines

However, Solana's native cryptocurrency's price, called SOL, fell nearly by 30% this week. Also, Bitcoin fell below $50,000 for the first time since the start of February. In fact, as of Monday morning at 11:30 a.m. ET, Bitcoin stood at $54,363, according to CoinGecko.


Japanese Stock Market Sell-off

In a broader context, this crypto market decline coincided with a huge stock market crash in Japan that saw the Nikkei 225 Index plummet by 12.4%. Its biggest single-day loss on record sent the index plunging by a massive 4,451.28 points.

Pudgy Penguins Second


The Pudgy Penguins collection was second on the day across the Ethereum chain for NFT sales, amassing $642,585.

Ether Faces Market Plunge


The native cryptocurrency, Ether, also fell by about 20%. Blockchain data indicated that, over the weekend, proprietary trading firm Jump Trading has sold big chunks of Ether and staked Ether. Some believed it meant Jump Trading was close to shutting down its crypto division over regulatory issues.


Milady Maker third/place

Milady Maker, another Ethereum-based NFT collection, was third with $508,647 in daily sales.


Other Notable NFT Collections

Other notable collections included CryptoPunks and the DogeZuki Collection, ranking fourth and fifth, respectively. CryptoPunks, the very early entrant to the Ethereum NFT space, saw $364,400 worth of sales from just five transactions. For comparison, Solana's DogeZuki Collection had 8,407 transactions amounting to $358,730 in daily sales.

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Shubham Sahui
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