Blue-Chip NFT Collections Drop 83% from All-Time Highs
According to CoinGecko, notable NFT collections have experienced a dramatic decline, ranging from 40% to nearly 100% from their all-time high (ATH) prices.
Blue-Chip NFT Collections Drop 83% from ATH
Statistics comparing the ATH prices of 11 blue-chip NFT collections (which are high-value collections with large communities) with their prices as of July 19th are provided. The report is segmented into ETH and USD values, with USD values based on ETH prices at the time of the study, sourced from OpenSea, LooksRare, and CryptoPunks.
Price Decline from ATH in ETH for Blue-Chip NFT Collections:
(See CoinGecko for detailed figures)
Price Decline from ATH in USD for Blue-Chip NFT Collections:
(See CoinGecko for detailed figures)
Overall, the decrease in value for these blue-chip NFT collections ranges from -45.9% to -95.7% in ETH and -38.9% to -97.3% in USD. This translates to a "loss" in value ranging from 3.3 ETH to 120.2 ETH or 4,645 USD to 383,244 USD for a single collection.
Among the 11 blue-chip NFT collections listed, Moonbirds experienced the largest drop, with a -95.7% decline in ETH and -97.3% in USD.
Bored Ape Yacht Club (BAYC) and CryptoPunks recorded the highest absolute loss in value. Compared to their ATH, BAYC has lost 120.2 ETH, while CryptoPunks has lost 383,244 USD. Despite these declines, BAYC and CryptoPunks remain among the most expensive and sought-after NFT collections.
Conversely, Pudgy Penguins experienced the least severe decline, with -45.9% (3.3 ETH) and -38.9% (4,645 USD) from its ATH.
NFT Royalties:
CoinGecko's report also highlights the top NFT collections that have generated the most revenue from royalties per NFT transaction between March 2023 and July 2023.
Top 10 NFT Projects with Highest Annual Royalty Revenue:
(See CoinGecko for detailed statistics)
The ongoing fluctuations in NFT values underscore the volatility in the market, with significant shifts in prices affecting even the most established collections.
