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# NFT floor prices tank amid crypto market crash, attracts more buyers
- URL: https://btcpeers.com/nft-floor-prices-tank-amid-crypto-market-crash-2/
- Published: 2022-06-14T20:31:48.000Z
- Updated: 2023-09-24T15:25:59.000Z
- Author: John Williams
- Tags: NFT News, #saudu, #Import 2025-12-27 14:07

With the prices of several cryptocurrencies plummeting, many fear that NFTs could be next. And true to those fears, the prices of a handful of top NFT collections are dropping along with Bitcoin and the rest of the [crypto](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/) market, with the entry price for some collections dropping by more than 17%.

Interestingly, despite the market turmoil, NFT trading volume has risen sharply over the past 24 hours, up by 54%. Popular NFT projects like Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Crypto Punks, and Sorare have all seen over 100% increase in 24-hour trading volumes as investors look to take advantage of the low floor prices.

Eight of the top 10 NFT projects posted at least a 115% increase in trading volume over the past 24 hours, with the only exemptions being Goblintown at 35.54% and Moonbirds at 64.11%, according to CryptoSlam.

Yuga Labs’ BAYC NFTs are standing as the largest gainers, with a 262.79% surge in the past 24 hours, equivalent to $7.1 million worth of sales. Yuga Labs’ MAYC, Otherdeed, and CryptoPunks also posted 173.49%, 157.88%, and 122.69%, respectively, representing $3.4 million, $2.6 million, and $2.5 million worth of sales.

According to data from DappRadar, NFT marketplace OpenSea benefitted the most from the increase in trading volume, with a 173.43% gain in sales volume that amounted to $23.88 million worth of sales.

Surprisingly, the number of traders on the platform has decreased by 15.39% to 29,300 within that same time frame, an indication that only a few buoyant investors have been pulling their weight within the sector.