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NFT Traders Averaging 1k ETH Loss per Day — Blue Chip NFTs Floor Price Tanks

Traders of non-fungible tokens (NFTs) are currently experiencing losses, with traders averaging a daily loss of 1000 ETH, according to data shared by NFTstastics. The chart only focuses on secondary sales of NFTs and not first-time mints. This is a stark contrast to the market in 2021 when NFT trade gains peaked in August, with traders averaging profits of about 30,000 ETH daily. However, since May 2022, traders have mostly been selling their digital assets at a loss. The floor price of several NFT collections has also significantly fallen from previous highs, with Bored Ape Yacht Club, Cryptopunks, Mutant Ape, CloneX, RTFKT, Doodles, and Meebits experiencing double-digit drops in the last 30 days. The only exception was Azuki, which rose more than 13% during the period.

(By Oluwapelumi Adejumo)

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