September Is the Worst Month for NFT Sales Since January 2021

Binance researchers have stated that September was the most severe month of NFT sales decline since January 2021. The bottom prices of major series such as Azuki, Bored Ape Yacht Club, and Mutant Ape Yacht Club have dropped by more than 25% compared to the previous month.

NFT collections related to games and metaverse experienced the largest decline in the last quarter, with a plummet of over 40%. The average sales price in September was $38.17, a significant drop from the peak of $791.84 in August 2021. The daily number of independent NFT buyers also decreased by 14% to approximately 53,000 people. Analysts attribute this to a challenging market environment and low liquidity.

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